The Asset Management Association of China (AMAC) has approved Aegon Asset Management’s application to be registered as a Qualified Domestic Limited Partner (QDLP) manager.
The QDLP status allows Aegon to market its funds to Chinese institutions and high-net worth investor, thereby enabling access to the lucrative onshore market.
The first product that Aegon will bring to the Chinese market will be a global sustainable equity fund, reflecting what the firm believes is a growing appetite among Chinese investors for ESG funds.
Aegon first entered the Chinese market in 2008 via a joint venture called Aegon-Industrial Fund Management Company which now has more than US$80 billion in assets under management.
“There is a strong appetite for investment diversification in China and the AMAC registration means we are able to bring some of our best global strategies to qualified Chinese investors, on the ground here in China,” said Mabel Cho, regional head of Asia at Aegon.
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