Thanks but no thanks: E Fund declines help on QDII debut
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.
Guangzhou-based E Fund Management, the second-largest Chinese fund house in asset terms, is poised to launch its first QDII fund, by itself, rather than with a foreign sub-advisor.
The firm is set to launch an Asia-Pacific equities fund under China's qualified domestic institutional investor programme on Monday, December 7. Despite having signed a memorandum of understanding last year with State Street Global Advisors, E Fund will manage the portfolio itself.
The firm's investment m…
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