Huaan plans second QDII, readies FTSE 100 ETF

Mar 8, 2010

Another fund house queues up to launch a QDII exchange-traded fund and, like FTSE, is intent on repairing its reputation in China.

Investors in Huaan Fund Management's previous QDII product and troubled domestic exchange-traded fund linked to the SSE 180 index have not yet received their payouts. (The former was linked to a batch of Lehman Brothers-guaranteed notes and Lehman-managed funds, and was frozen following the bank's collapse in September 2008; while the problem with the ETF stems from a miscalculation over its dividend payout on April 13 last year.) Nonetheless, Huaan is intent on rebuilding its reputa…

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