Bank of Montreal of Toronto and Fullgoal Fund Management of Beijing have agreed to develop an asset management company that will operate in China and some other markets, according to Bank of Montreal. The asset management company will create and distribute mutual fund products in China, introduce Chinese mutual funds to international investors and make available to Chinese investors a range of mutual funds from around the world, according to Bank of Montreal.

The alliance between the two companies will capitalize on Bank of Montreal's mutual fund expertise and marketing capabilities and Fullgoal's understanding of Chinese markets and the business environment, according to Bank of Montreal.

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