China Merchants Fund to launch Bric Index QDII fund
The company will issue the product in January to gain broader emerging-market exposure via ADRs and GDRs listed in the US and UK, and Chinese stocks in Hong Kong.
China Merchants Fund (CMF) is planning to launch a product for qualified domestic institutional investors (QDII) next month to invest in stocks on the S&P Bric 40 Index.
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