Ping An of China Asset Management in Hong Kong has launched its first Ucits umbrella fund, in a move to target global investors.
The umbrella fund includes four sub-funds, with three of them investing in Chinese assets.
“This new Ucits vehicle provides global investors the opportunity to invest in China’s equity and fixed income markets,” Hoi Tung, chairman and chief executive of Ping An Overseas Holdings, said. “We look forward to launching more products and services that meet global investor demands.”
The firm already has distribution partners in Europe, according to a Ping An spokeswoman, noting that the firm also has plans to apply with Hong Kong’s Securities and Futures Commission to distribute the products to retail investors.
In Hong Kong, the firm manages six ETFs and one unit trust fund domiciled in the territory.
Ping An of China AM in the SAR is the offshore investment platform of Hong Kong-listed Ping An Insurance Company of China.
Details
The sub-funds includes one China equity fund, two China fixed income products and an emerging market bond offering.
The China A-Shares AI Multi-Factor Fund will make use of AI techniques for stock selection and portfolio optimization. It aims to achieve excess returns above the CSI 300 Total Return Index.
The China Green Bond Fund will invest in China and emerging market green bonds that are aligned with international standards to promote green financing.
Another China-focused bond offering, the China High-Yield Private Strategy Bond Fund, aims to achieve absolute return from investment income and long-term capital appreciation by investing in high-yielding corporate bonds.
Meanwhile, the Emerging Market Income Fund will invest at least 60% of its assets in government and corporate bonds having main operations in emerging market countries. Like the high yield strategy, it aims to achieve absolute return from income and long-term capital appreciation.
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