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Print articleChina Updates - NSSF
January, 2007 -
In late 2006, China’s National Social Security Fund Council for the first time granted overseas mandates to 10 global investment managers to manage in total USD 1 billion of the National Social Security Fund (“NSSF”). It is reported that the NSSF, China’s national pension fund of last resort, has total assets worth of around USD30 billion.
The 10 managers are AllianceBernstein, Allianz, AXA Rosenberg, BlackRock, JanusINTECH, Invesco, PIMCO, State Street Global Advisors, T. Rowe Price and UBS/CICC who will respectively manage mandates in Hong Kong equities, US equities, Non-US equities, global bonds and foreign currency cash products.
Deacons’ Financial Services Practice Group advised clients on these mandates.
The 10 managers are AllianceBernstein, Allianz, AXA Rosenberg, BlackRock, JanusINTECH, Invesco, PIMCO, State Street Global Advisors, T. Rowe Price and UBS/CICC who will respectively manage mandates in Hong Kong equities, US equities, Non-US equities, global bonds and foreign currency cash products.
Deacons’ Financial Services Practice Group advised clients on these mandates.
