China Social Security fund allocates initial portfolio of 1.2 bln yuan

From Yahoo!: “The first Sino-foreign fund management joint venture to win an investment mandate from China’s National Fund (NSSF) has been allocated an initial portfolio of 1.2 bln yuan, the South China Morning Post reported, citing a source close to the company.

Shenzhen-based China Merchants Fund Management (CMFM), 30 pct owned by Dutch ING Group, began investing the portfolio for NSSF last week.”

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