Aussie RQFII demand low, hangs on MSCI move
Commodities trading means Australian investors already feel exposed to China, notes State Street Global Advisors. But China's inclusion in MSCI's EM index would force investors to act.
Demand for renminbi-denominated securities is expected to be lacklustre in Australia, at least initially, despite Sydney being touted as next in line to be awarded RQFII quota by Beijing.
Mark Wills, head of the investment solutions group for Asia Pacific ex-Japan at State Street Global Advisors, noted that Australia was "at the higher end of countries that have offshore investments, and by definition have a higher allocation to emerging market equities”.
Due to the developed re…
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