JP Morgan AM seeks RQFII licence, reopens A-share fund
After receiving $150 million in QFII quota in May, the US fund house is seeking retail money for its $710 million JP Morgan China Pioneer A-Share Fund.
Following a recent exodus from Chinese stocks, JP Morgan Asset Management is planning to boost its investment into A-shares, and recently applied for a renminbi qualified foreign institutional investor (RQFII) licence.
The firm also reopened its $710 million JP Morgan China Pioneer A-Share Fund in June, after receiving $150 million of qualified foreign institutional investor (QFII) quota in May. It did not say when it had closed the fund.
The A-share strategy, aimed at retail in…
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