Aberdeen makes tentative steps in China
The UK fund manager says it will open offices in China and Taiwan, but is still hesitant about trading in highly priced A-shares.
UK-based Aberdeen Asset Management will open an office in China following approaches made by distributors on the Mainland wanting to sign exclusive deals for investment management. The firm says discussions are in progress with potential joint venture partners and that agreements are expected to be finalised by the end of this year. Other than that, the firm has given little indication of where it will finally settle and what the scope of its business will be.Aberdeen says it also pla…
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