China Life-AMP JV takes shape
AMP will take a 15% stake in its new joint-venture with China Life, with the insurance company owning the rest. The JV may eventually apply for QFII quota.
Australian fund house AMP Capital could be selling its range of equity, fixed income and multi-asset mutual funds to Chinese investors by February through its new joint-venture with China’s largest insurance company.
AMP will have a 15% stake in the Bejing-based JV, China Life AMP Management, with China Life controllling the remainder. Pending approval from the China Securities Regulatory Commission (CSRC), the JV will begin operations within the next six months, says Anthony Fass…
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