UOB Asset Management to roll out three RQFII funds

Added 23rd June 2015

The Singapore-based firm said it will launch an RMB Onshore Money Market Fund, an RMB Onshore Bond Fund and an RMB Onshore Equity Fund in the coming months.

UOB Asset Management to roll out three RQFII funds

The funds will be made available to institutional and retail clients.

The firm also said it recently received an RMB1.2bn ($190m) Renminbi Qualified Foreign Institutional Investor quota from the State Administration of Foreign Exchange of China.

“The RMB is becoming increasingly internationalised,” said Thio Boon Kiat, managing director and chief executive.

“By offering RMB-denominated onshore solutions to our clients, UOBAM will be able to offer investors direct access to mainland China’s onshore equity and fixed income markets."

All three funds will be sub-managed by Ping An UOB Fund Management, the firm’s China-based joint venture company.

The firm's other RMB investment products include the United SSE 50 China ETF and the United Renminbi Bond Fund. 

In addition, the United Greater China Fund and the United China-India Dynamic Growth Fund are China-targeted funds.

A look at the three-year performance of China equity funds:

 A look at the three-year performance of the United Renminbi Bond Fund:





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