BlackRock China launch to focus on value opportunities

BlackRock will open its China fund on 24 June, aiming for 2%-4% benchmark outperformance through a v...

BlackRock will open its China fund on 24 June, aiming for 2%-4% benchmark outperformance through a value investment strategy. The Luxembourg-domiciled vehicle will sit within the group's Global Funds umbrella and is run by CIO Nick Scott. BGF China will aim to differentiate itself from competitors via a value investment approach. "China is seen as a growth economy so investors generally take a growth approach to it," said Scott. "But over the last decade, value stocks have outperformed and MSCI China Value index has beaten the MSCI China Growth by 700%." The group put plans for a ...