Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013
China Flag

4011

China fund firms on course for another QDII investment spree

RELATED TOPICS​

Fund firms in China are expected to start another overseas investment spree under the Qualified Domestic Institutional Investor programme.

The country is giving additional investment quota in the wake of robust gains in overseas stock market since October.

Recently, Bosera Asset Management has gained approval from the State Administration of Foreign Exchange to invest USD1bn abroad as a QDII, becoming the third fund manager to get an additional investment quota since the revival of the QDII quota granting in the country.

Prior to Bosera Funds, E Fund Management and China Merchants Fund Management had been authorised to pour additional USD1bn and USD500m into markets out of Mainland China under the QDII scheme, respectively.

By the end of September 2009, 56 fund firms had been licensed to invest USD 55.951bn out of the country under the QDII scheme.

The nine funds under the QDII programme had reported a 59.48 per cent growth in net asset value on average by 19 November, with the best performer running 57 per cent faster than the worst performer, according to data from Wind.

Fortis Haitong Overseas QDII ranked first with a NAV growth of 90.86 per cent, followed by Bocom Schroders Global Select Value QDII and ICBCCS Global Balanced QDII, which added by 70.07 per cent and 63.7 per cent, respectively. The fund falling to the ninth, in the meantime, saw a NAV growth of 34.11 per cent.

Average NAV growth of the nine QDII funds has hit 8.92 per cent since this October, according to Wind. Fortis Haitong Overseas QDII booked a 14.09 per cent growth for the 1 October to 19 November period, 9.06 per cent higher than the 5.03 per cent growth posted by the worst performer.

Latest News

MSCI has launched MSCI AI Portfolio Insights, writing that it combines generative artificial intelligence “GenAI”..
The Capgemini Research Institute’s World Wealth Report 2024, published today, reveals the number of high-net-worth..
New research from cloud security firm Zscaler reports a disconnect between European company confidence in..

Related Articles

Waves
A joint statement from BNP Paribas Asset Management, Federated Hermes Limited, Mirova, Robeco and Storebrand Asset Management has been published, entitled The urgent need for better ocean-related data to make informed investment decisions...
A joint statement from BNP Paribas Asset Management, Federated Hermes Limited, Mirova, Robeco and Storebrand Asset Management has been published,..
Frozen soap bubble
From the end of this month, the UK’s Sustainability Disclosure Requirements (SDR) regime comes into force which the Financial Conduct Authority says has a simple aim: “Financial products that are marketed as sustainable should do as they claim and have the evidence to back it up.”..
From the end of this month, the UK’s Sustainability Disclosure Requirements (SDR) regime comes into force which the Financial Conduct..
Global ESG Investing
On May 15 Florida’s Republican Governor Ron DeSantis signed legislation that furthers his ongoing campaign to oppose the role of climate change and ESG factors in state policymaking...
On May 15 Florida’s Republican Governor Ron DeSantis signed legislation that furthers his ongoing campaign to oppose the role of..
Trends
The trend to buyout among the UK’s smaller defined benefit (DB) schemes continues with a slew of new sub GBP100 million deals announced this month alone...
The trend to buyout among the UK’s smaller defined benefit (DB) schemes continues with a slew of new sub GBP100..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by