Japanese investors will get their first opportunity to invest in China's A-share market when Nikko Asset Management launches its Koga Yellow River Fund in February. Nikko AM says it is the first qualified foreign institutional investor to launch an open-ended mainland equities fund denominated in yen but invested in renminbi-based shares.
Nikko has always been active in the Chinese market, introducing Japan's first B-share equities fund 10 years ago, according to a senior official in Tokyo. Currently the firm is emphasizing its Chinese equity focus for institutional and high-net worth investors.
Last year it won a $50 million QFII quota from the Chinese Securities Regulatory Commission, which...
