HSBC appointed as global custodian for first QDII Vietnam fund
February 6, 2020

HSBC Securities has been appointed as global custodian to the qualified domestic institutional investor (QDII) fund launched by Tianhong Asset Management Company, one of the largest asset management companies in China.

The fund is described as China's first dedicated mutual fund providing access for Chinese domestic investors into the Vietnamese capital market.

The scheme allows China investors to invest offshore within allowable quotas, via qualified institutions. Tianhong's quota is US$200m. The fund will invest no less than 80 percent of its assets in stocks benchmarked against the VN30 Index, which includes the 30 largest stocks on the Ho Chi Minh Stock Exchange.





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HSBC Securities has been appointed as global custodian to the qualified domestic institutional investor (QDII) fund launched by Tianhong Asset Management Company, one of the largest asset management companies in China.

The fund is described as China's first dedicated mutual fund providing access for Chinese domestic investors into the Vietnamese capital market.

The scheme allows China investors to invest offshore within allowable quotas, via qualified institutions. Tianhong's quota is US$200m. The fund will invest no less than 80 percent of its assets in stocks benchmarked against the VN30 Index, which includes the 30 largest stocks on the Ho Chi Minh Stock Exchange.



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