Manulife to IPO two QFII funds in August
The firm plans to fill its new $200 million QFII quota with a $140 million China A-share fund and a $60 million renminbi bond fund by the end of August.
China's State Administration of Foreign Exchange (Safe) has awarded another qualified foreign institutional investor (QFII) quota, for $200 million, to Manulife Asset Management (Hong Kong).
MFC Global Investment Management (MFC GIM), part of Manulife Asset Management (Hong Kong), intends to fill the quota by launching two QFII funds -- a $140 million China A-share fund and a $60 million renminbi bond fund. The funds will be available to institutional investors globally.
MFC GIM has…
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