The US asset manager is looking at servicing retirement needs in Asia by building a regional retail investment business, Capital Group chairman Jim Rothenberg tells AsianInvestor.
While mutual recognition is being launched tomorrow, consultants have highlighted the panoply of alternatives. These could include an expanded QDLP, a liberalised QDII and the popular WFOE structure.
Foreign managers applying for northbound fund passporting have been advised to start planning their sales and marketing campaigns immediately. A social media presence is seen as essential to success in China.
Amac unveils 25 new memberships to include private equity players, insurers and securities firms. Regulations are being eased to allow such houses to start fund management businesses.
The Chinese fund houseÆs prospectus for its Asian equities product, slated for launch next week, indicates it will manage the fund without MOU partner State Street.