Vanguard tipped to skip private fund route into China
Passive fund houses are likely to wait for direct access to China’s mutual fund market, but this entails risks, says a report to be released today by Standard Chartered and Z-Ben Advisors.
So far 12 foreign asset managers, including some of the world's biggest, have moved to set up a wholly-owned business in China, but not all of them are seeking a private fund company licence.
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