Aberdeen plans to launch Chinese trust by year end

Aberdeen Asset Management is market testing a UK-based China unit trust with intermediaries. Gary Marshall, sales and marketing director at Aberdeen, said the fund would be launched by the end of the year providing it attracts adequate interest. The fund, to be called China Opportunities, would be based largely on Aberdeen's £20m Dublin-listed, dollar-denominated China Opportunities Fund. That was launched in 1992 and is managed from Singapore by a team led by Yoon Chou Chong and Hugh Young. Marshall said the fund has an excellent track record, being ranked second out of 29 funds over t...