Following its deal with Japan's Diam last week, the Malaysian fund house is seeking more manufacturing and distribution partners, with Australia and Europe both on its radar.
The much-anticipated China-Taiwan MoU has been signed, but Taiwanese fund houses have yet to meet basic requirements to apply for QFII status, or take up QDII portfolio adviser roles.
ChinaAMC agrees to give exclusive access to Cathay for two years. Its Hong Kong unit will advise Cathay for an upcoming Greater China fund.
This type of memorandum of understanding at once says a lot, and says nothing.
ING Investment Management hopes its agreement with China Communication Securities will result in a long-term relationship.