2 days ago
Fidelity, BlackRock Target Chinese Demand for Offshore Funds
Fidelity International is poised to offer products that attract mainland investors chasing higher returns from overseas funds, according to people familiar with the matter.
The global asset manager is considering seeking approval for products under the decade-old Mutual Recognition of Funds scheme, said the people, who asked not to be identified because the matter is private. It also plans to partner with its Chinese mutual fund company for domestic distribution, the people added. BlackRock Inc. is making similar plans, said another person.
