E Fund Management, Haitong Securities and CSOP Asset Management, three of China’s largest fund houses by assets, are said to be mulling UK expansion and are close to launching funds in the country.
Chinese asset managers are planning to create subsidiaries in the UK and are looking to bring China-focused funds to European investors, the Financial Times has reported.
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The move follows a recent tour of Europe by the three firms with Citigroup, when they met other European fund houses and explored the setting up of Ucits vehicles, the publication said.
A senior figure within the UK asset management industry told the FT that E Fund Management is "close" to establishing a London operation.
Ko Tseng, managing director of investment at E Fund Management in Hong Kong, said: "So far our plan [for London] is not set yet." Haitong and CSOP could not be reached for comment.
In May, E Fund Management teamed up with ETF Securities to launch an index fund listed in London, Frankfurt and Amsterdam that tracks the MSCI China A Share index.
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