The first batch of seven approved funds under the much-heralded Mutual Recognition of Funds (MRF) scheme was named last week, out of some 50 initial applications; this sets a cautious tone that many see as deliberate to encourage better subscription rates. Sources also tell APB Mandate that more funds might be approved as early as next month, given that these…
Low MRF approval rate aims at higher chance of success
21 December 2015
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