China rolls out private pension scheme and adds index funds

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Financial Times 12h ago

China rolls out private pension scheme and adds index funds - Financial Times

Quick Summary:

Pension-linked share classes, or Y-class shares, will first be added to index funds, followed by bond products and active equities strategies at a later date.

The Ministry of Human Resources and Social Security is also expected to issue updated criteria, such as fund size, fees and performance, to determine eligible bond and equities products for future inclusion in the further of the scheme expansion.

But China’s third-pillar private pension sector makes up just a “fraction” of the overall $4.4tn mutual fund industry, with domestic investors still largely unaware of the scheme, according to Morningstar.