BlackRock expands Asian equity fund range with China fund
BlackRock has expanded its Asian equity fund range by launching the BlackRock Global funds (BGF) China Flexible Equity fund.
The fund is designed to enable a growing number of investors seeking to access opportunities in both onshore (A-shares) and offshore (H-shares, Red-chips, P-chips, American Depositary Receipts [ADRs], etc.) Chinese equity markets without having the need to allocate to two separate strategies.
The BGF China Flexible Equity fund is managed by Helen Zhu, head of Chinese Equities at BlackRock, and is supported by a team of ten dedicated China-focused research analysts based in Hong Kong and Shanghai.
The fund is managed under a flexible approach, and invests across A-Shares and Chinese offshore equities, market capitalisation, sectors and factors. It seeks to take advantage of the nuances in the Chinese equity markets, including valuation differences between markets, factors which work favourably in different market cycles, or sector specific opportunities.
It is a long-only, fundamentals-driven and concentrated portfolio, investing in between 20 and 50 companies from a universe of over 3,300 onshore and 1,000 offshore stocks.
Helen Zhu, manager of the BGF China Flexible Equity fund, said: “The fund aims to blend the best opportunities, taking advantage of the nuances in the Chinese equity markets. Through flexible allocation, it can invest across the full range of market capitalization and Chinese stocks listed globally, whether they are listed in mainland China, Hong Kong, the US or elsewhere.”