Alt Investments
Guotai Appoints State Street As Global Custodian For New Nasdaq Linked Index
Chinese securites firm
Guotai has appointed
State Street Corporation as global custodian and trading
service provider to the Guotai Nasdaq-100 Index Fund.
The index fund is the first in the Mainland to track the
performance of an overseas index.
China Construction Bank will be in charge of its local
custody.
"This opportunity is historic for Chinese investors to invest in
Nasdaq-listed companies," said
Sau Kwan, the managing director and senior vice president of
State Street in Hong Kong.
State Street will be offering a range of investment servicing
solutions to the fund, including global custody, fund accounting,
investment compliance reporting, foreign exchange and portfolio
research and trading.
The Guotai Nasdaq-100 opened for subscription in 22 March.
Investments will be conducted via the qualified domestic
institutional investor program, through which Chinese investors
can gain access to foreign markets.