Martin Currie is to launch a China A-Share fund in mid July. The group believes the long-only fund i...
Martin Currie is to launch a China A-Share fund in mid July. The group believes the long-only fund is the first of its type in the world that can invest in the Chinese domestic market.
The Bermuda-domiciled and Dublin-listed fund will be managed by Chris Ruffle.
Ruffle, who is based in Shanghai, also runs the group's other funds in the region, including the China Heartland and China Absolute Return portfolios.
The aim of China A Share is to outperform the Shanghai A share index through a concentrated portfolio of 20-30 stocks.
Although the A share market is not open to mainstream investors, Martin Currie is able to invest in A shares by joining with UBS, which has status as a Qualified Foreign Institutional Investor (QFII). A spokesman for Martin Currie said it is too small to qualify for QFII status itself.
The annual management fee on the fund is 1.5%.
Putting the tech into protection
Square Mile’s series of informal interviews
Fallout from Haywood suspension
Launching later in 2019
£80bn funds under calculation