Citywire - For Professional Investors

Register to get unlimited access to all of Citywire’s fund manager database. Registration is free and only takes a minute.

Investec AM plans double fund launch using RQFII licence

Investec AM plans double fund launch using RQFII licence

Investec Asset Management is planning a double Ucits fund launch to further utilise its Renminbi Qualified Foreign Institutional Investor (RQFII) licence.

The asset manager said it will unveil a Chinese equity fund and an onshore Chinese bond fund ‘in the near future’.

The proposed Investec funds come in the wake of the asset management group receiving a quota under the RQFII programme, which is designed to allow financial institutions to use offshore yuan to invest in the mainland's securities markets, including in stocks, bonds and money market instruments.

In addition, Investec said it would make up of the ability to invest in the Chinese domestic equity market using the Shanghai-Hong Kong Stock Connect, which was launched in November last year. Investec said it is the first global investment manager of Ucits funds to invest using the Stock Connect.

Commenting on the announcement, Greg Kuhnert, who is Citywire A-rated and manages five different strategies including the Investec GSF Asian Equity fund, said the A-share market represents the other 50% of the China pie previously closed to foreign investors.

'This market appears rich with opportunities for investors such as us who are focused on companies demonstrating improving profitability, return on capital, capital discipline and valuations,' he added.

Investec Asset Management’s range of dedicated Asian investment strategies includes the Investec 4Factor All China Equity Strategy and the Investec Asia ex Japan and Investec EM Equity Strategies. It also follows moves by Investec last summer to launch a Ucits-compliant RMB bond fund.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Events
  • Citywire Asia Retreat 2016

    Citywire Asia Retreat 2016

  • Citywire Asia Retreat 2016

    Citywire Asia Retreat 2016

  • Citywire Asia Retreat 2016

    Citywire Asia Retreat 2016

  • Citywire Thailand 2016

    Citywire Thailand 2016

  • Citywire Thailand 2016

    Citywire Thailand 2016

  • Citywire Thailand 2016

    Citywire Thailand 2016

  • Citywire Hong Kong 2016

    Citywire Hong Kong 2016

  • Citywire Hong Kong 2016

    Citywire Hong Kong 2016

  • Citywire Hong Kong 2016

    Citywire Hong Kong 2016

  • Citywire Singapore 2016

    Citywire Singapore 2016

  • Citywire Singapore 2016

    Citywire Singapore 2016

  • Citywire Singapore 2016

    Citywire Singapore 2016

  • Citywire Singapore 2015

    Citywire Singapore 2015

  • Citywire Singapore 2015

    Citywire Singapore 2015

  • Citywire Hong Kong 2015

    Citywire Hong Kong 2015

  • Citywire Hong Kong 2015

    Citywire Hong Kong 2015

  • Citywire Asia 2014

    Citywire Asia 2014

  • Citywire Asia 2014

    Citywire Asia 2014