SWFI First Read, January 16, 2017
ACCESS: GF International and Euroclear Sperahead China ETF
In a bid to open up mainland China for European retail and institutional investors, GF International Asset Management, the U.K. subsidiary of the Chinese asset manager of GF Fund Management, has collaborated with Belgium-based Euroclear Bank to launch an international exchange traded fund (ETF). The ETF is called the GF International-FTSE China A UCITS ETF. The ETF is targeting to give investors access to large and mid-cap listed equities on the the Shanghai and Shenzhen stock exchanges in China via the Renminbi Qualified Foreign Institutional Investor (RQFII) scheme. The ETF is utilizing Euroclear’s international issuance structure which is domiciled in Luxembourg.
ETF Provider WisdomTree Beefs Up European Compliance with New Hire
U.S. exchange traded fund provider WisdomTree hired Altaf Cassam to be head of compliance in Europe. This is a new position. Cassam will be based in London and report to Bryan Governey, WisdomTree’s general counsel for Europe. Previously, Cassam worked at Aberdeen Asset Management where he was a MiFID II Consultant. MiFID stands for “Markets in Financial Instruments Directive”.
AIMA Hires Lilian Lee, Former PM at External Managers Department at GIC
Lilian Lee has joined the Alternative Investment Management Association (AIMA), a global trade body representing hedge fund managers and other alternative managers, as director and general manager for Singapore. Lee was a former portfolio manager in the External Managers department at Singapore’s GIC Private Limited.
Chinese SWF Chairman Seeks More U.S. Investments
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