Fullgoal selects Deutsche Bank as custodian

Handshake contractFullgoal Asset Management has appointed Deutsche Bank as custodian and service provider for one of the first Ucits fixed income funds to have a renminbi quota. Deutsche Bank today announced it will provide custody, fund administration and transfer agency services and that the Fullgoal fund, which is domiciled in Luxembourg, is one of the first fixed income Ucits funds launched under China’s Renminbi Qualified Foreign Institutional Investor (RQFII) programme. The fund will initially comprise four sub-funds with four asset classes per sub-fund investing in Chinese equity and fixed income. Deutsche Bank Asset & Wealth Management helped set up the fund, which is structured as a Sicav under Ucits IV regulations. Based in Hong Kong, Fullgoal already manages a number of RQFII funds in China’s equity and fixed income markets. It ranks number 1 in Mainland China in managing mutual funds for institutional investors, based on assets under management, according to Deutsche Bank. Michael Chow, head of international business at Fullgoal, says investors now have a “wide range” of options for investing in Chinese assets. “We believe our offerings provide new investment avenues for global investors, who can benefit from our strong local market insight and expertise. As Fullgoal expands into Europe, we are pleased to be partnering with Deutsche Bank,” he concludes. ©2015 funds europe

Sponsored articles

Mar 16, 2017

Portfolio Manager Davide Cataldo discusses the results of the Pioneer Investments’ survey on liquid alternatives and how investors can be encouraged to increase their allocation.

Mar 16, 2017

Heightened margin requirements for cleared and uncleared OTC derivatives pose a challenge for legitimate hedging activities and are driving financial institutions to explore alternative hedging...

Mar 16, 2017

Blockchain aims to radically change the way investors can access funds, says Olivier Portenseigne, Managing Director and Chief Commercial Officer of Fundsquare.

Mar 16, 2017

Greater efficiency must be embraced to ensure regulatory changes do not destroy choice for fund buyers, says Bernard Tancré of Clearstream.

Executive Interviews

CEO INTERVIEW: Munro gains three-year track record

Mar 16, 2017

Aviva Investors’ annual results this month were the third set since Euan Munro took over as CEO. Nick Fitzpatrick speaks to him about the ‘Aims’ fund at the heart of the firm’s outcome strategy.

DISTRIBUTION INTERVIEW: Tales of the unexpected

Mar 16, 2017

Laurence Terryn, a fund selector at Candriam, tells David Stevenson how the twists and turns of the past year’s macro environment flavoured her approach to fund selection.

Roundtables

ASSET SERVICING ROUNDTABLE: Under pressure

Mar 07, 2017

Funds Europe speaks to leading Luxembourg industry figures about the growing regulatory demands on asset servicers and how to remain profitable in spite of major investments in technology.

SEC LENDING ROUNDTABLE: Both a borrower and a lender be

Jan 11, 2017

Industry heavyweights, including agent lenders, discuss issues affecting the securities lending sector such as regulation and the types of collateral being used.