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Aberdeen Standard Investments launches first onshore private fund in China
Aberdeen Standard Investments has launched its first onshore private fund in China, completed initial fund offering
The Asset 18 May 2018

Aberdeen Standard Investments (ASI), a global asset manager, has launched its first onshore private fund in China and completed its initial fund offering to eligible domestic investors.

This follows the registration of ASI's wholly foreign-owned enterprise (WFOE), Aberdeen Standard Asset Management (Shanghai), as a private securities investment fund manager with the Asset Management Association of China (AMAC) at the end of 2017. The new China A-share fund is available to high-net-worth and institutional investors in mainland China.

The fund invests primarily in the A-share market, aiming to deliver sustainable investment returns by capturing China's long-term growth potential. It adheres to ASI's fundamental equity investment philosophy and bottom-up strategy, with an emphasis on quality, corporate governance and risk management. It is managed by the Shanghai-based investment team, with support from the China and Asian equities teams in Hong Kong and Singapore.

The fund invests in about 30 A-shares, with an initial focus on the consumer and services sectors. The investment team believes that China's transition towards a consumption-driven economy bodes well for the future of quality companies in the consumer, travel, financial services (wealth management) and healthcare industries.

Amy Wang, head of China at Aberdeen Standard Investments, said: "China's continued market liberalization is set to create enormous new opportunities for both global and domestic investors. We received a strong vote of confidence and support from eligible investors and distributors as we marketed our first onshore private fund." Nicholas Yeo, head of China equities at Aberdeen Standard Investments, said: "We take a long-term view when investing in China. The consumer and services sectors are positioned to benefit from the country's economic growth."

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