China fund managers launch first retail fund of funds products

China’s first retail-focused fund of funds (FOFs) products will be launched this week with five Mainland asset managers kicking off fundraising for the products. The move comes after the securities regulator, China Securities Regulatory Commission (CSRC), granted approval to the first batch of six asset managers to introduce retail FOF products on September 6. All but one announced last week … http://bit.ly/2fOz6d4

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