HK-China MRF tipped to render QDII obsolete
The Hong Kong-China mutual recognition of funds scheme will drive QDII product liquidations and make the scheme redundant, argues Neil Flynn of Z-Ben Advisors.
Consultancy Z-Ben Advisors has forecast the recent mutual recognition of funds (MRF) initiative will drive further liquidations of qualified domestic institutional investor (QDII) product, to the point that it renders the domestic scheme redundant.
There are currently 14 funds in the northbound pipeline under the MRF scheme, with fund promoters expecting authorisation by the end of this year.
But Z-Ben analyst Neil Flynn has boldly predicted that this new wave of funds will lik…
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