Vanguard wins mega quota for A-share rollout
The US fund house has been handed the largest single RQFII quota to add A-share exposure to its emerging market funds, despite China’s volatile equity market.
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US fund house Vanguard has broken new ground after winning a mega quota under China’s renminbi-denominated qualified foreign institutional investor (RQFII) scheme as it looks to add A-share exposure to its emerging market funds.
The firm’s Australian subsidiary was handed Rmb20 billion ($3 billion) by the State Administration of Foreign Exchange (Safe) last month, the largest ever single award to a foreign institution. Safe has just updated the information on its website.
It pro…
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