Yangzijiang Financial taps ADDX to distribute its capital markets products
This includes the company’s maritime fund and cash management fund.
SGX-listed Yangzijiang Financial has tapped private market exchange, ADDX, to serve as an additional distribution channel for the funds it manages.
Under the memorandum of understanding (MoU) signed by both parties, ADDX will help distribute Yangzijiang Financial’s capital markets products.
These products include Yangzijiang Financial’s maritime fund and cash management fund.
Yangzijiang Financial’s maritime fund has a target fund size of US$600m and has secured capital commitments of US$500m.
Meanwhile, its cash management fund will be established under the Variable Capital Company structure, with multiple sub-funds, which segregate assets and liabilities from each other.