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Nomura AM receives second QFII quota
28 August 2012
Category:
News, China, Japan
Nomura Asset Management, a wholly-owned subsidiary of Nomura Holdings, has been granted an additional quota under China’s qualified foreign institutional investor (QFII) program, which will enable the firm to increase its investments in China’s capital markets.
When approached by Asia Asset Management, Nomura Asset Management explained that it is unable to disclose the quota amount until the regulator officially announces the figures in mid-September.
The firm said in a statement on Thursday (August 23) that it initially secured QFII status from the China Securities Regulatory Commission (CSRC) in November 2009 when it was granted a quota of US$200 million. The firm has since continued to expand its product offerings by actively investing in China’s domestic A-share market.
“The new quota, the second for the firm, allows Nomura Asset Management to further enhance its line-up of products that invest in Chinese A-shares and reinforce its position as a leading investment management firm in Asia,” the statement said.
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