China’s Harvest Global Investments has become the first fund manger to receive approval from Swiss regulator Finma to market funds managed in the country to European investors.
The Chinese and Asian markets specialist asset manager won the approval under the Switzerland-Hong Kong Mutual Recognition of Funds scheme (the MRF scheme), which was created in December last year.
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The scheme permits Swiss investors to allocate funds to Harvest’s China Equity and Asia Frontier strategies.
These strategies, together, have exposure to all Chinese investment channels, including Hong Kong listed securities and to frontier Asian markets including Bangladesh, Sri Lanka, and Vietnam.
Harvest Global Investments chief business development officer and chief marketing officer Ashley Dale said: “At Harvest, we’re investing in China and Asia as the region grows into an innovation hub. As Swiss investors are looking to diversify their portfolios, the Switzerland-Hong Kong Mutual Recognition of Funds scheme will now provide them with access to our local investment expertise.
“Our investment team combines an international pedigree with granular local insights when looking for alpha opportunities. The on-the-ground team understands how policy decisions impact local markets and the complexities of risk in on-shore and off-shore Chinese markets as well as frontier Asian markets. Our investment team has the knowledge and expertise to identify companies primed for quantum growth.”
