ICBC Credit Suisse (International) Launches Southbound Fund Under Mainland-Hong Kong Mutual Recognition Of Funds Scheme

HONG KONG, March 11, 2016 /PRNewswire/ -- ICBC Credit Suisse Asset Management (International) ("ICBCCS International") today announced the launch of the two southbound funds in Hong Kong under the Mainland-Hong Kong Mutual Recognition of Funds ("MRF") Scheme.

The two southbound funds, ICBC Credit Suisse China Core Value Mixed Fund and ICBC Credit Suisse China Prudent Growth Mixed Fund*, are the two flagship funds of ICBC Credit Suisse Asset Management, the parent group of ICBCCS International.

"We are delighted to launch the two southbound funds under the MRF Scheme." says Elvin Yu, Head of International Sales & Client Relationships of ICBCCS International. "These are the flagship funds with among the longest track records managed by our investment team in Beijing. The two funds have different but complementary investment styles that cater to different investment needs and appetites. We shall continue to enhance our lineup of investment solutions, and provide best-in-class China and RMB solutions to investors".

*The name of the fund is not indicative of the fund's performance and return

About ICBC Credit Suisse Asset Management (International)

ICBC Credit Suisse Asset Management (International) is the wholly-owned subsidiary and international unit of ICBC Credit Suisse Asset Management, which is the asset management joint venture between the Industrial and Commercial Bank of China (ICBC) and Credit Suisse, established in 2005. It is the leading China manager with over 500 people, including around 150 investment professionals focusing on China and RMB-based investment solutions, serving over 12 million institutional and retail clients. The firm has more than RMB900 billion in assets under management as of end of December 2015.

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ICBC Credit Suisse Asset Management (International) Co. Ltd.

Source: ICBC Credit Suisse Asset Management (International) Company Limited
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