Deals
China Life in Funds Management Venture With AMP Capital
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China Life Insurance Co., the nation’s largest insurer, and a unit of Australia’s AMP Ltd. formed a funds management joint venture targeting Chinese retail and institutional investors.
AMP Capital, which managed A$130 billion ($116 billion) as at March 31, will invest A$15 million for a 15 percent stake in China Life AMP Asset Management Co., Anthony Fasso, international head of AMP Capital’s global clients division, said in a telephone interview from Melbourne today.