China's social security fund ready to issue global FoF mandates
The NCSSF is tipped to issue RFIs/RFPs for equity-based fund-of-funds mandates before Chinese New Year. It comes after it awarded eight domestic mandates on Christmas Eve.
Consultancy Z-Ben Advisors is tipping China’s National Council for Social Security Fund (NCSSF) to issue a round of RFIs/RFPs for global equity-based fund-of-funds mandates before Chinese New Year after it delivered a stocking full of pre-Christmas domestic mandates.
The fund granted domestic equity portfolio mandates to seven fund management companies (FMCs) and one securities firm on Christmas Eve.
The FMCs comprised four local firms – Dacheng, Guangfa, China Universal and Yinhua – …
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