Aberdeen will focus on fixed income for new QFII quota
The UK-based asset manager wants to build up its bond franchise, with China central to its plans, but renminbi funds in Hong Kong are not currently on the agenda.
Aberdeen Asset Management has received a qualified foreign institutional investor (QFII) licence, allowing it to invest in domestic Chinese securities. The UK firm says it expects to have the quota amount confirmed in the next few months, but says it has no firm time line, “as this clearly is not in our hands”.
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