Funds News
- SG fund arm OKed to launch QDII fund
Date: 19-Dec-2007 Sources: (Shenzhen Daily)
SOCIETE General's China fund arm said yesterday it had won official approval to launch a fund to invest in overseas financial markets under China's Qualified Domestic Institutional Investor (QDII) scheme.
Fortune SGAM Fund Management Co., which received a QDII license in August, said in a statement that it had obtained permission for the launch from the China Securities Regulatory Commission. Details of the launch would be released shortly, it said without giving details.
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