It is not clear how fund firms should proceed with their QFII or RQFII quota, says Manraj Sekhon, CEO and CIO of Singapore’s Fullerton Fund Management.
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The Singaporean asset manager has hired a new multi-asset head as part of a push in this area, will add investment staff to its team in Shanghai and is eyeing distribution in Australia.
Fullerton Fund Management and Nikko Asset Management Asia are aiming to launch equity and bond RQFII products after gaining approval from China's securities regulator.
The appointments – including a new head of China equities – come as the Singaporean asset manager works on setting up an office in London, its first outside Asia.
The fund house, owned by Singaporean state investor Temasek, has added its second international branch after Beijing. It will be run by Fumio Izumi, formerly of PineBridge.
They doubt the Fed's third round of quantitative easing will drive inflows into the region's debt market or solve any of Asia's long-term economic problems.