Neuberger Berman is to hard close its NB China Equity fund to new investment following a soft close in September, as the product approaches its $1.5bn capacity limit.
The fund was soft-closed at around $1.1bn on 19 September but the firm said the size of the vehicle has continued to increase to near its limit of $1.5bn. As a result, the firm said it would close the fund to all subscriptions from 18 October 2017. However, it will remain open to redemption and exchange requests. Existing investors are advised to contact their investment manager if they wish to invest further in the event of capacity becoming available in the future. John Redwood: Why China now faces more difficult decisions There will be no change to the investment policy and ...
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