ICBC Credit Suisse AM licenses S&P China 500
The offshore arm of ICBC Credit Suisse Asset Management has gone for a new China equity benchmark that is more diversified than most, as it seeks to build its international client base.
ICBC Credit Suisse Asset Management (International) has become the first fund house to license the new S&P China 500 Index, in a move aimed at expanding its client base.
The firm, the Hong Kong subsidiary of Beijing-based ICBC Credit Suisse AM, is expected to use the benchmark as the basis for exchange-traded and index funds and to start launching these products next year. The fund house did not respond to a request for an interview.
Acknowledging the current negative senti…
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