Fund QDII to extend the six
GUANGZHOU (Fund China) - the China Securities Regulatory Commission (”CSRC”) recently released the QDII business was qualified to the latest list of a number of fund companies, a joint venture fund company Fortis Haitong and the Fortune SGAM(SGAM: “Societe Generale Asset Management”) acquired a new batch of QDII business qualifications, coupled with the end of July and early August approved QDII qualifications of the Southern Fund, CAM Fund, Harvest Fund, China International Fund on four fund companies, Fund QDII has been expanded to six, and to fund joint venture company majority. It is learned that China’s only first equity funds QDII — Southern Global Select Configuration Fund is expected to available in September, previously Hua’an Fund issued the Hua’an International Configuration Fund is bond funds.
According to the source, only the first Fortis Haitong QDII products will focus on investing in “China concept” overseas listed companies, which mainly registered in domestic or mainly from the domestic business, but in enterprises listed overseas. The QDII policy is promulgated, and the domestic investors can not share these listed company’s growth performance.
Fortune SGAM Fund Management Co., Ltd. general manager Pei Changjiang disclosed that the company’s operational reserve QDII has been basically completed, and only its first QDII product planning and the selection of investment managers have been completed.
Copyright Fund China 2008.
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