Invesco to add IM-WFOE in China growth push
The asset manager is awaiting its fourth wholly foreign-owned enterprise licence, which will allow it to run Chinese private funds for both local and offshore investors.
Invesco has applied for and anticipates receiving an investment management wholly foreign-owned enterprise (IM-WFOE) licence in China the next month or two, AsianInvestor can reveal. This will enable the US fund house to offer investment products to both local and offshore investors
It would be the firm's fourth WFOE, adding to real estate licences in both Shanghai and Tianjin and an advisory WFOE in Shanghai.
Andrew Lo, head of Asia Pacific at Invesco, told AsianInvestor the ne…
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