Italy's AZ poised to launch QFII funds
AZ Fund Management says it will launch an equity fund and a pure fixed income fund, while Asia Capital Reinsurance and Taishin Securities Investment Trust have also received QFII licences.
China’s securities regulator awarded three qualified foreign institutional investor (QFII) licences last month, with the recipients now due to apply for QFII quota.
The firms in question are Singapore-based Asia Capital Reinsurance Group, Italy’s AZ Fund Management and Taiwanese fund house Taishin Securities Investment Trust.
Pietro Giuliani, chairman and CEO of AZ’s holding company, Azimut Holding, says it is a natural move to expand the business. AZ has not disclosed how much …
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