Nordea Asset Management has received a RMB Qualified Foreign Institutional Investors (RQFII) licence from the Chinese government to invest directly in the country’s stock market.
To boost its investment capabilities within the market, Nordea has partnered with Libra Capital Management, an A-Share focused investment advisor.
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The licence will enable the firm to trade in China’s A-Share market through Shanghai and Shenzen stock exchanges.
Nordea said it MSCI expects to include the China A-Share market in its MSCI Emerging Markets Index from May 2015.
Allan Polack, Nordea’s head of asset management, said: "We have acquired a very exclusive access to a stock market which is expected to grow considerably and become more open to foreign investors in the coming decades, and which is currently priced at attractive valuations.
"Equipped with this license and the partnership with Libra, we are able to provide institutional and retail investors with the opportunity to invest directly into the China A-share market in a responsible and prudent manner," he added.
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By GlobalDataNordea Asset Management currently has assets under management totalling 233 billion.
