Citibank (China) has signed an agreement with Bank of Communications Schroders Fund Management to be the first bank to distribute a multi-asset northbound Mutual Recognition of Funds (MRF) – the Schroder Asian Asset Income Fund.

The fund is the only multi-asset fund among all the northbound MRFs approved by China Securities Regulatory Commission. The fund covers a broad range of asset classes, such as equities, bonds, forex and REITs, and is designed to capture Asia’s growth opportunities by using proactive asset allocation and flexible risk and hedge management, says Citi.

“With China’s strong support for initiatives like Belt and Road and Economic Globalization, more and more clients are looking to expand their investment horizon and to realize their investment goals via global, diversified asset allocation,” comments Max Xu, head of retail banking and distribution, Citi China. “By leveraging our unique global network and resources, Citi is well positioned to offer our clients diverse investment options to capture market opportunities.”

Photo: Citi.com.cn