Aberdeen Asset Management is launching a China A-Share fund after being granted its first Chinese RQFII licence.
The group will launch the new fund, Aberdeen Global - China A Share Equity, on 16 March, after being granted a RMB600m (£60m) investment quota late last year. The RMB600m quota was the group's first RQFII licence and follows the award of a QFII licence in July 2010, which now amounts to a total quota of $255m, invested in equities and fixed income. From an investable universe of some 2,000 companies listed in Shanghai and Shenzhen, the fund will invest in a concentrated portfolio of just 25-30 of the most high quality companies with long-term prospects. Nicholas Yeo, head of Chines...
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