Chinese asset managers are tipped for 20 new mandates under the national public pension fund reform which is set to be announced soon, while 30% of the investments are expected to be in equity assets.
Tag : shandong
The social security investment body is expected to look for more external managers this year after mandates in 2014 helped its fund deliver the best annual returns for five years.
China's Shandong province and the National Council for Social Security Fund sign a deal for a Rmb100 billion mandate in a bid to boost returns. Shandong becomes the second province to give NCSSF a mandate.
Extending the alternative investment programme for foreign fund houses from Shanghai to Qingdao may stir up provincial rivalry, argues an analyst from Z-Ben Advisors.
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