Aberdeen Standard's new private fund in China invests primarily in the A-share market, aiming to deliver sustainable investment returns by capturing the Middle Kingdom’s long-term growth potential.
Aberdeen Standard Investments (ASI) has launched its first onshore private fund in China and successfully completed the initial fund offering to eligible domestic investors, according to a media statement on Thursday. The new China A-share fund is available to high-net-worth and institutional investors in mainland China. It is managed by the Shanghai-based investment team, with support from the China and Asian equities teams in Hong Kong and Singapore.
«China’s continued market liberalization is set to create enormous new opportunities for both global and domestic investors. The launch paves the way for our long-term growth. In tandem with the development of the local asset management industry, we are fully committed to expanding our onshore business,» said Amy Wang, head of China at ASI.
Focus on Consumer and Services Sectors
The fund invests in about 30 A-shares which demonstrate potential to be long-term winners, with an initial focus on the consumer and services sectors. The investment team believes that China’s transition towards a consumption-driven economy bodes well for the future of quality companies in the consumer, travel, financial services (wealth management) and healthcare industries.
