Principal in talks on China distribution, adds staff

Fund distribution in China is high on many investment firms’ Asia priority list, in light of the looming Hong Kong-China mutual recognition scheme – and Principal Global Investors is no exception. The US fund house says it has been very active in this regard, meeting foreign banks operating in China and exploring distribution options via its mainland joint ventures. It has also made a number of appointments with a view to these plans. While no formal timeline has been set for th…