China Construction Bank (CCB) has selected BNY Mellon as global custodian for the qualified domestic institutional investors (QDII) fund in China. The fund is to be launched by Manulife Teda Fund Management.
The new portfolio will be known as the Manulife Teda New Economic Pattern Fund. BNY Mellon won its first global custody mandate for a QDII fund in 2007.
Click here for the release from PR Newswire.