China Minsheng Bank (CMBC) Asset Management has won the Best Index, Asset Management at the SRP China awards held on September 18th in Shanghai thanks to the performance of the provider’s Macro index.
Structured products linked to the Multi Asset Cycle Rotation Overseas (Macro) Index sold by CMBC Asset Management raised over CNY4 billion (US$564.7m) in sales, said the asset manager. The success of these products has been the result of retail investors seeking new investment assets after the government crackdown on the asset management sector to clear out ‘implicit guarantees’ of coupon and principal as the asset manager targeted retail investors with low risk appetite. “Mo
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