China Securities Index Co plans life-cycle indices
The index provider expects the country's fledging annuity enterprise scheme to spur asset managers to create funds based on target-risk and target-date strategies.
China's biggest index provider plans to launch two life-cycle index solutions before the end of the year with the aim of tapping an expected growth in demand for enterprise annuity products.
“The country’s new enterprise annuity scheme will boost assets under management and investment products,” said Pang Yaping, head of domestic marketing at China Securities Index Co. “For example, multi-asset exchange-traded funds are one of the most popular products with investors in the US’s 4…
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