ChinaAMC (China Asset Management Company), China's second largest asset manager, has announced plans to launch an investment fund in Brazil in 2025.

The manager is awaiting approval from the Chinese government to launch a cross-listed exchange-traded fund (ETF), which will allow access to products focused on Chinese assets, Reuters reported. According to CEO Li Yimei, this is the first initiative of its kind in the country.

In addition to Brazil, ChinaAMC is looking for a partner in the United States to develop funds aimed at the American retail public. 

The move is part of an effort to rekindle international investors' interest in Chinese assets.

(Source: Terra, on January 16)