HSBC offers $3.6bn China fund onshore

UK investors given onshore access to manager for first time through revamped China vehicle

HSBC Global Asset Management is revamping its Greater China fund to a pure China portfolio managed by Richard Wong. Wong currently runs the group's $3.6bn Chinese Equity Sicav, which the group claims is the world's largest actively managed fund investing in the country. This will be the first time UK investors can access Wong in an onshore vehicle. Greater China is currently managed by Philip Mok and invests across China, Hong Kong and Taiwan. At the end of July, it had 41% in Hong Kong, 39% in Taiwan and just 20% in mainland China. Subject to shareholder approval, HSBC will chang...