CCB-Principal targets pension clients for FoFs push
The joint-venture fund company between Principal and China Construction Bank is looking to target China's pension fund market with upcoming fund of funds.
CCB-Principal Asset Management is aiming to utilise the expertise of its two parent companies to target soon-to-be-launched fund of funds (FoFs) products at China's pension fund clients.
Liang Min, the firm’s head of derivatives and quantitative investments, said the new FoFs are likely to begin launching in early 2017. He said the company will leverage on the capabilities of the firm’s Sino and foreign shareholders - China Construction Bank (CCB) and Principal Financial when laun…
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