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.
China's first two gold ETFs are set to list, against the backdrop of a recent drop in global demand for the metal – though mainland fund houses see this as a buying opportunity.
Lazard names new Australia CEO, HuaAn hires former Kaisen CIO, T Rowe adds a fixed income head, and CBRE appoints Asia-Pacific chief operating officer.
China's funds industry continues to be plagued by high turnover, with HuaAn naming Zhu Zhongqun as chairman after losing five senior managers this year.
Blair Pickerell, chairman, JF Funds, discusses the recent declaration between JF and Shanghai''s Huaan Fund Management to form a joint-venture asset management company once China joins the World Trade Organization.