The asset manager has used its Rmb1 billion RQFII quota to launch three China-focused funds in Singapore. The funds focus on either A shares, fixed income, or a combination of the two.
The firm became the sixth Singapore fund house to be awarded an RQFII licence. Its chief executive, Gerard Lee, outlines its plans and views on investor demand.
Malaysia is the most obvious focal point for the Singaporean fund house under the Asean passport proposals, but the firm is also in early discussions with distributors in Thailand.
London getting more RQFII quota than Singapore was to be expected, says Gerard Lee, CEO of Lion Global Investors, who has various plans for any forthcoming quota.
Gerard Lee of Lion Global Investors expects Asian firms to follow Nikko’s lead and resort to acquisitions as shareholders become impatient with organic growth.
The Singaporean asset manager has named OCBC chief executive David Conner as chairman and Christopher Wei as deputy chairman.