High net worth individuals in China now have access to products from a subsidiary of the Singapore state wealth fund.
Fullerton Fund Management launched its first private fund in China. The product was developed through its wholly foreign-owned enterprise in China, Fullerton Investment Management (Shanghai), the firm said in a press release.
The new fund is being distributed by one of China’s largest brokerages and investment bank, China Galaxy Securities. The fund invests primarily in China A stocks and is available to high net worth individuals and institutional investors.
Fullerton Investment Management in Shanghai received its private fund management licence in 2017 allowing the firm to offer onshore investment products to wealthy investors in China. The company first established its presence in China in 2007, with a representative office housing onshore equity analysts.
