Business Intelligence on Retailing, Franchising, and Consumerism in China

Nikko AM Invests In Fast-Growing Chinese Investment Market

Nikko Asset Management has purchased 40% of China's Rongtong Fund Management Cocompany, becoming the first Japanese asset manager to make a strategic investment in a Chinese asset management company.

Nikko AM purchased the shares from Shaanxi International Trust & Investment Co., Ltd. and Hualin Securities Co., Ltd. The transaction received approval from the China Securities Regulatory Commission in December 2006.

The deal strengthens Nikko AM's presence in China, and enhances the firm's capabilities as an Asian asset manager. In addition to augmenting Nikko AM's ability to identify attractive investments for its highly successful family of funds, the investment allows Nikko AM, in addition to its QFII status, to further expand its investment management business in China. Working with Rongtong, Nikko AM's ultimate objective is to distribute its products and services to Chinese investors and bring its experience to bear in the emerging Chinese pension market.

Nikko AM has enjoyed a close working relationship with Rongtong since its establishment in 2001, working closely with Rongtong on researching and evaluating investment opportunities for the Firm's popular BRICs Fund as well as for the "Nikko AM China A-Share Fund / Koga (Yellow River) Fund", the world's first open-ended China A-share fund. Between these funds, Nikko AM now manages roughly JPY100 billion in RMB denominated assets.

Be the first to comment on "Nikko AM Invests In Fast-Growing Chinese Investment Market"

Leave a comment

Your email address will not be published.


  Other China News

AutoNavi, Delphi Reach Deal

Hisense's Net Profit Down 47.39% In First Three Quarters Of 2017

Airbnb China Head Resigns

DMG To Buy China Rights Of Forbes Brand


Chinese Electric Bus Manufacturer Lands USA Deal

American Electric Car Manufacturer To Build In China

U.S. Clean Water Company Makes Chinese Inroads

GE Will Promote Wind Power Through New Chinese Education Center

JD To Build Global Logistics Headquarters In Xi'an

Wumart, AGS Sign Agreement For Seafood Direct Procurement

India Gains Second Factory From China's Xiaomi

85% of Indian Staff To Lose Jobs At China's LeEco