The Chinese fund firm is setting out to list a new ETF in Shanghai tracking Germany’s Dax index, which will test shaky domestic investor appetite for overseas stocks.
After receiving its RQFII quota, Harvest Global Investments plans to launch its MSCI China A ETF in mid-October, saying it will offer the broadest access yet to the A-share market.
Ko Sungwon, head of global fixed income at Korea’s NPS, suggests adding corporate credit, EM bonds and global equities to augment returns in the low-rate environment.
The firm is granted regulatory approval to merge its two existing securities enterprises to increase its onshore competitiveness.
Mainland trust companies and insurance asset managers will find it easier to grow their funds businesses following a relaxation of the rules on opening securities accounts in China.
Chinese trust companies are expecting the regulator to broaden the range of securities they are permitted to invest in, until they are eventually on a par with fund managers and securities firms.