Aberdeen Standard launches onshore China fund

Aberdeen Standard Investments (ASI) has launched its first onshore private fund in China and successfully completed the initial fund offering to Chinese investors.

According to a statement issued yesterday by ASI, the China A-share fund will be available to UHNW and company investors in mainland China. It is managed by a Shanghai-based investment team, with support from the China and Asian equities teams in Hong Kong and Singapore.

said Amy Wang, head of China at ASI, said: “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.”

In a statement, Nicholas Yeo, head of China equities: “As the progressive financial reforms continue to improve the accessibility and liquidity of the domestic market, it is presenting active managers like us with new opportunities.”

The China A-share fund will have an initial focus on consumer and services sector, with investments in 30 A-shares.

ABOUT THE AUTHOR
Christopher Copper-Ind
Christopher Copper-Ind is Editor of International Investment.

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