Fidelity International eyes mutual, pension fund business in China
Fidelity International, which launched three private funds in China in the past eight months, said on Thursday it would explore opportunities in the Chinese mutual and pension fund market.
Fidelity was the first global asset manager to be awarded China’s private fund management licence a year ago, as the country gradually opens up its $2.2 trillion (1.59 trillion pounds) fund industry to global asset managers. Other managers have followed suit.
Fidelity said it aimed to launch a larger variety of funds in China in the next two to three years. It has launched one equity fund and two fixed-income funds so far.
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