Aberdeen launches new China fund
Aberdeen Asset Management will roll out an actively managed China fund tomorrow as part of its ongoing efforts to allow Australian investors access to emerging markets.
The Aberdeen China Opportunities Fund, which the group has been offering to European investors for the last ten years, will be the first China-specific managed fund to be offered in Australia, and will be launched simultaneously with the Aberdeen Emerging Markets Fund.
“Emerging markets offer exceptional long term investment proposals. The China Opportunities Fund provides investor’s with a unique opportunity to access companies which are benefiting from China’s strong macro economic story,” Aberdeen associate director sales and marketing, Brett Jollie says.
According to Jollie, China’s low labour costs and growing middle class provide lucrative opportunities for companies inside and outside China.
“The Aberdeen Opportunities Fund and the Aberdeen Emerging Markets Fund will offer Australian investors unprecedented access to these opportunities.”
Open to investors with a minimum of $20,000 both funds will be the responsibility of Equity Trustees Funds Management.
Jollie says this is consistent with Aberdeen’s group policy to outsource non-core business.
Aberdeen has been running managed funds out of Asia for the past 18 years. Since it was launched in October last year, Aberdeen’s Asian Opportunities Fund has returned 6.8 percent while its China country fund has returned an average of 33.9 percent over the last five years.
Aberdeen’s emerging markets capability is run out of its Asian operations with an additional four managers based in London.
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