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Fund firms count cost of early MRF launches

Bernadette Tio
Asset managers that have launched funds under the Hong Kong-China mutual recognition scheme may be out of pocket for at least the first year, thanks to the mainland stock slump.
Fund firms count cost of early MRF launches

It was supposed to be a breakthrough for Asia's asset management industry, but firms that have signed up for the Hong Kong-China mutual recognition of funds (MRF) scheme* may be waiting some time for the move to pay off.

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