BNP Paribas Services RQFII Fund Offerings

BNP Paribas Securities Services provided custody services for HFT Investment Management’s recent Renminbi (RMB) Qualified Foreign Institutional Investor (RQFII) fund offerings.
By Janet Du Chenne(59204)
BNP Paribas Securities Services provided custody services for HFT Investment Management’s recent Renminbi (RMB) Qualified Foreign Institutional Investor (RQFII) fund offerings.

The offerings include the China Money Market Fund under the RQFII scheme and the China High Yield Bond Fund, combining bonds traded in the Hong Kong and mainland China markets. BNP Paribas provided global custody, fund accounting, transfer agency and Hong Kong trustee services to both funds.

HFT HK’s Money Market RQFII Fund will primarily invest in money market instruments issued in China providing investors outside China with access to mainland Chinese yield levels for these products. The China High Yield Bond fund, launched in January this year, combines bonds traded in the Hong Kong and China markets and is being distributed to retail and institutional investors.

Jelle Vervoorn, chief executive officer of HFT HK said, “These funds are key milestones in our strategy to rapidly build a full RMB product range across asset classes that caters to the requirements of global investors. With the support of BNP Paribas’ global reach and local servicing, we can focus on the key drivers of our business by building a solid track record in RQFII funds.”

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