State funds get $1.2 billion more QFII quota
Last month $2.56 billion in QFII quota was handed out, with almost half going to sovereign funds from Abu Dhabi and Kuwait. More RQFII quota was also awarded.
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China continues to award increasingly chunky QFII quotas ever more swiftly. Last month two sovereign wealth funds hit $1 billion and eight asset managers received their first allocations.
The State Administration of Foreign Exchange (Safe) granted Abu Dhabi Investment Authority $500 million and Kuwait Investment Authority $700 million in additional quota. That takes them to $1 billion each, which was the limit for an individual institution until December, when Safe said it would r…
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