QDII fund quotas doubled
ChinaAMC vows its upcoming QDII mutual fund will receive similar subscriptions to China SouthernÆs RMB50 billion debut.
As more mutual fund companies in China prepare to launch their first products under an expanded qualified domestic institutional investor (QDII) regime, regulators are responding to the massive demand by doubling the fund size quotas.On 12 September, Shenzhen-based China Southern Fund Management introduced its first (and the industryÆs second) QDII fund which raised an unprecedented RMB50 billion ($6.55 billion) in subscriptions.This far exceeded the $2 billion quota on QDII funds imp…
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