Guotai Asset Management is rolling out its Nasdaq 100 index-linked fund, Asia Asset reports. China’s first QDII Index fund is expected to launch on March 22. Guotai has signed the licensing agreement with the Nasdaq OMX Group.
The fund’s custodian will be State Street Bank, while China Construction Bank will act as its domestic custodian and domestic distributor. Guotai has also signed on eight domestic commercial banks and about 40 brokerages for additional sales support.
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