BlackRock launches BGF China fund

The fund invests over 70% of its total assets in the equity securities of companies domiciled in, or exercising the predominant part of their economic activity in the People’s Republic of China. Its benchmark is the MSCI China 10/40 Index. The BGF China fund is available in the UK and Hong Kong and joins BlackRock’s flagship Global Funds umbrella, a Luxembourg SICAV, which totals 61 funds. Co-managed by Jing Ning and Alan Wang based in Hong Kong, the China fund will aim to maximise total returns by exposure to growth in the Chinese economy, driven by increased consumer spending, stron...