The evolution of portfolio construction has moved forward with processes and technologies designed to enhance implementation across global markets. Richard Surrency explains importance of program trading.
The initial success of the QDII program exceeded the most optimistic expectations, with several funds raising more than 200% of their available quotas forcing regulators to increase allocations in an effort to satisfy domestic investor demand.
Today’s operational landscape bears little resemblance to the processes of the past following the global revolution in infrastructure and trade processing, a testament to the success of enlightened regulators as much as technological advancement.
When Chinese retail investors place US$8 billion into a single fund launch on a single day, even the mightiest global institutions sit up and take notice. Richard Surrency looks at the administrative challenge posed by China’s QDII program