Investments

Aberdeen Standard launches onshore private fund in China

According to a statement from the asset manager, it has completed its initial fund offering to eligible domestic investors.

Aberdeen Standard Investments has launched its first onshore private fund in China.

According to a statement from the asset manager, it has completed its initial fund offering to eligible domestic investors.

The new China A-share fund is available to high-net-worth and institutional investors in the mainland China.

The fund will primarily invest in the A-share market, aiming to deliver sustainable investment returns by capturing China’s long-term growth potential, the asset manager said.

According to the statement, the fund will invest in about 30 A-shares, which demonstrate long-term potential, in the consumer and services sectors. 

Aberdeen Standard said that China’s transition towards a consumption-driven economy bodes well for quality companies in the consumer, travel, financial services (wealth management) and healthcare industries.

The fund will be managed by the Shanghai-based investment team, with full support from the China and Asian equities teams in Hong Kong and Singapore.

At the end of 2017, the firm’s wholly foreign-owned enterprise, Aberdeen Standard Asset Management (Shanghai), was registered as a private securities investment fund manager with the Asset Management Association of China. 

Aberdeen Standard currently manages USD778.8 billion of assets worldwide.