Barings Asset Management will close its China Growth fund in April after six years.
Aberdeen head of global emerging markets Devan Kaloo has said the asset class will avoid a 1998-style collapse despite the sharp slides in currencies seen in recent weeks.
A continuation of the crisis in emerging markets will spell further pain for developed equity markets, Carmignac Gestion managers have said.
M&G's Mike Riddell has questioned the sharp rise of China's investment to GDP ratio, comparing the figure with former bubble countries including Iceland and Asian countries during the 1997 crisis.