CHINA - Fortis Investments has launched a new fund providing access to the Chinese market for institutional investors.
The new equity opportunities China fund aims to exploit opportunities in both Chinese listed equities (A and B-shares) and Chinese equities listed in overseas markets, such as h-shares, red chips and p-shares. It may also invest in short-term deposits in RMB and, where possible, take short positions in index futures.
Simon Godfrey, senior product specialist for Pan Asian Equities at Fortis Investments, said: “How can investors continue playing the Chinese equity market? With the launch of this new fund, investors can fine-tune their exposure to Chinese equities, taking a position in foreign-listed Chinese stocks. This fund completes our range of solutions available to international institutional investors with a long time horizon.”
In a separate development, at the end of August 2007, Global Pensions reported that institutional investors have committed US$382m into a fund to invest in technology that extracts methane gas from coal mines in China and uses it to generate electricity.
The money was subscribed in the second stage of asset-raising from the China Methane Recovery Fund (CMRF), according to the fund’s sponsor, Man Investments.
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.