China Universal is readying an RQFII ETF, which it says will offer lower management fees than its peers.
Tag : china universal
Market sources say HuaAn, China Universal, Da Cheng International and Bosera all plan to launch RQFII ETFs with their new quotas.
Managers report successes in selling short-term wealth management bond funds copied from banks, but this may be a passing fad.
Negative Chinese stock-market performance has hurt domestic mutual-fund returns, with not a single mainland asset manager making a profit in the second quarter.
Sheldon Gao of Schroder Investment Management and Standard Life Investments' Doris Wong will head up China UniversalÆs new office in Hong Kong.
China Universal's new index fund linked to the Shanghai Composite Index marks a breakthrough for the young firm.