Singapore fund firms outline RQFII plans
Fullerton Fund Management and Nikko Asset Management Asia are aiming to launch equity and bond RQFII products after gaining approval from China's securities regulator.
Fullerton Fund Management and Nikko Asset Management Asia have become the first Singapore-based fund firms to receive renminbi qualified institutional investor (RQFII) licences from China.
Fullerton, a subsidiary of Singapore state investor Temasek Holdings, yesterday said it had received approval. The firm plans to launch two RQFII mutual funds – actively managed equity and bond products.
Manraj Sekhon, CEO of Fullerton, tells AsianInvestor he expects to launch them in the thir…
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