The joint-venture asset manager is preparing a mutual fund designed for trading on the upcoming Shenzhen-Hong Kong Stock Connect, despite market fears over delays to the scheme's launch.
Tag : invesco great wall
Foreign managers with a joint venture in China are likely to leverage the partnerships to their advantage under mutual recognition. But analysts say the quality of the cross-border relationships will be tested.
Invesco Great Wall has completed its fundraising for the first China mutual fund to invest in Hong Kong shares via Stock Connect. Another 20 such funds targeting the city's stocks are expected to follow suit.
Citibank (China) hopes to partner seven new mutual fund firms by year-end, as it expands its onshore distribution. It is targeting high-net-worth individuals and the emerging affluent.
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Even as the CSRC ends its moratorium on new mutual funds, JPMorganÆs funds JV in Shanghai halts new subscriptions in the face of A-share mania.
