Two more Chinese fund houses have received permission to roll out domestic gold ETFs, with managers saying they will drive competition despite a slumping gold price.
Tag : e fund
The UK bank, which became the latest offshore institution to be able to sell mutual funds on the mainland, has already added seven Chinese funds to its distribution platform.
The mainland fund house shuts its offshore emerging markets hedge fund less than two years after launch, following poor returns and low assets under management.
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China AMC and E Fund each receive an additional Rmb800 million for their RQFII fixed income products. Regulators are discussing how to further diversify the product range.
