Henderson to close offshore China Opps fund

Henderson is to close the offshore version of Charlie Awdry’s China Opportunities fund following a redemption from a significant shareholder.

The Luxembourg-domiciled fund will close on 30 September, Henderson's fund board decided, as assets under management will fall below €5m (£4.4m) following the investor's withdrawal. At the end of July AUM stood at €6.8m.

It was initially announced the fund would be merged into the Henderson Horizon China fund, run by Andrew Mattock and Caroline Maurer, at the time of Gartmore acquisition.

A statement said: "The directors have reluctantly concluded it is no longer economically viable for the fund to operate, and therefore resolved to liquidate the fund."

After 30 September all subscriptions will be suspended and switches free of initial charge are offered into any other sub-fund in the Henderson Gartmore SICAV range.

The onshore version of the Henderson Gartmore China Opportunities fund currently has AUM of £701.2m.