View more on these topics

Deutsche enters Chinese fund market

Deutsche bank is to enter the Chinese fund management market via a joint venture between Deutsche Asset Management and Harvest Fund Management Company.

The agreement will create the largest foreign joint venture fund management company in China to date. Harvest is a top three fund manager in China, as well as the countrys fifth largest mutual fund company amongst a domestic industry of 47 fund management companies.

DeAM will take a minority stake in Harvest, and has secured the right of first refusal to increase its ownership to the current regulatory limit of a 49 per cent foreign shareholding.

Harvest currently distributes a range of domestic equities and fixed income funds for both retail and institutional investors based in China.

Recommended

Cash Isa still top

Cash continues to be the most popular Isa category, according to research from Halifax based on Inland Revenue figures.Cash Isas recorded growth in balances of 129 per cent over three years to March 2004, to 81.6bn. Stocks and shares Isas saw growth of 68 per cent over the same period.The survey also found that over […]

India rate cut – more to come?

Kunal Desai, Head of Indian Equities at Neptune Investment Management India’s stockmarket rallied this week following news that the central bank was cutting interest rates more aggressively than expected. Commenting on the rate cuts and what this means for India’s economic growth, Kunal Desai notes that there were two important details in the announcement that have […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment