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Fidelity taps US$4 trillion onshore China market with first fixed income fund

FIL Fund Management (China) Company Limited successfully completed fundraising for its first fixed income mutual fund product on 21 November 2023. The pure bond strategy attracted RMB 5 billion (US$705 million) from Chinese investors, outperforming the majority of fixed income funds launched in China year-to-date in 2023, the US$714 billion asset manager said in an announcement on Thursday. FIL Fund…

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