China funds' offshore units add QFII to broaden appeal

04/10/2013 | AsianInvestor.net

China fund managers' offshore units are stepping up their competition with more diversified foreign counterparts by adding QFII products to the RQFII funds they offer. "We want to broaden our product lines. Aside from renminbi-denominated RQFII funds, U.S. dollar-denominated QFII products can cater to the needs of different clients who want to diversify across asset classes," said Jack Wang, managing director of China Southern Asset Management.

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