As the mainland funds industry undergoes a rapid transformation, its continued expansion will be driven by increasingly savvy retail investors, says Harvest Fund Management.
Harvest Global Investments has qualified for the Switzerland-Hong Kong mutual recognition of funds scheme, but the hard work is to come – and it will take time.
The Chinese fund house is restructuring its international sales team, resulting in departures and hires. AsianInvestor spoke to Ashley Dale, chief business development officer.
GF Fund Management is the second Chinese fund house to receive regulatory approval for an office in London as mainland managers begin to realise their overseas ambitions.
Chinese fund houses are increasingly selling products via smartphone, but marketing mobile platforms does not come cheap, and competition is heating up.
Five new mutual funds worth a total of Rmb200 billion are believed to have been funded by the Chinese government to support the equity market after weeks of wild A-share price swings.
After receiving its RQFII quota, Harvest Global Investments plans to launch its MSCI China A ETF in mid-October, saying it will offer the broadest access yet to the A-share market.