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.
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