Principal Global given $150m QFII quota.

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  • Additional Information
    • Subject Terms:
      CHINA
    • Subject Terms:
      PRINCIPAL Global Investors LLC
    • Abstract:
      The article reports that Principal Global Investors has been allowed by the Chinese State Administration of Foreign Exchange to invest in A-shares market in China. The U.S. asset manager was given a 150 million U.S. dollar quota under the Qualified Foreign Institutional Investor (QFII) program. The company is targeting Asian pension funds.