China Minsheng and SocGen team up for quant index product

CMBC Macro 1 signal index attracts $580 million as investors adapt to products without performance guarantees

Photo: Wikimedia Commons/Max12Max

Inflows into a quant index-linked wealth management product run by China Minsheng Bank have almost hit $600 million, indicating that interest in such investments has not been dimmed by the ban on offering explicit guarantees.

The Minsheng Macro 1 index was launched by CMBC’s asset management unit in partnership with Societe Generale last December. The multi-asset index uses a quantitative strategy to determine signals for when to trade. It is said to be one of the first so-called signal indexes