安石

Ashmore fund first to mainland China

Ashmore will today launch what are believed to be the first European-domiciled actively managed funds investing in the mainland Chinese market.

The London-based emerging market specialist will unveil three Luxembourg-domiciled Sicav funds, encompassing equity, debt and a multi-strategy mix of these two asset classes.

The fund range will tap Ashmore’s Rmb3bn (£294m) RQFII (Renminbi Qualified Foreign Institutional Investors) quota that allows foreign managers to access the mainland Chinese market. Ashmore became the first manager outside Greater China to receive it in January.

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