Doubts surface over looming China funds of funds
With mainland mutual fund managers set to launch their first funds of funds potentially as early as next month, industry participants point to challenges these products face.
Funds of funds (FoF) are set to be one of the key battlegrounds for for Chinese mutual fund managers this year, with the first product launches imminent. But some in the industry, including potential distributors, have raised doubts about the extent to which FoFs will gain traction.
With the first batch of products expected to hit the market in June, there are questions over whether domestic asset managers can construct truly sound portfolios, given the challenges they face.
Is…
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