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Will high trailer fees render RQFII business profitless?

Chinese fund management and securities firms say banks are charging up to 70% in trailer fees to distribute RQFII products, raising fears that little will be left after expenses.
Will high trailer fees render RQFII business profitless?

Since the renminbi qualified foreign institutional investor (RQFII) scheme began last month, Chinese asset managers in Hong Kong have been working full tilt to launch mutual fund products.

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