China's sovereign wealth fund bounced back last year after posting negative returns. But it is facing challenges in terms of costs and attracting personnel, says Z-Ben Advisors.
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Aussie fund manger AMP Capital and China Life joined forces and will set up a fund management company. Analysts say the insurer/fund manager partnership will be fruitful.
Chinese mutual fund assets fell 12.5% in the first half as nervous investors yanked cash out of volatile equity markets.
The nation's mutual fund industry recorded 29% growth in AUM to $449 billion at end-2012, but look deeper and you'll find a market increasingly dominated by bank-backed managers.
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.
Higher thresholds for equity and overseas exposure aren't as high as they seem, says the consultancy, but further flexibility is expected going forward.
Mainland firms recorded small net inflows last month, but they should improve their market timing, says the Shanghai-based consultancy.
ChinaÆs fund managers may get some nasty surprises once the newly approved stock index futures market finally kicks off. The main worries are a lack of expertise and limited investment in risk management.
E-Fund and China Merchants are first to launch new QDII funds after a 17-month drought.
ChinaÆs mutual funds industry enjoyed decent AUM growth in the second quarter, with Bank of Communications Schroders dominating performance of equity products.
Z-Ben Advisors assesses which fund joint ventures in China are truly competitive, and which ones are at the bottom of the heap.
The mainland fund industryÆs AUM is likely to remain flat throughout 2009, which implies many fund companies will lose money, says Z-Ben report.