JF launches second QFII fund
Around 75-85% of the fund will be exposed to a basket of 30 to 40 high conviction stocks; the rest will be invested in exchanged-listed bonds.
Following on from the success of its JF China Pioneer A-share Fund launched in 2006, JF Asset Management says it has successfully applied for a new qualified foreign institutional investor (QFII) quota from the Chinese regulator and is launching its second QFII fund.
With a maximum capacity of $107 million ($75 million for onshore QFII investments), the JF China New Generation Fund will provide investors with 70-85% exposure to A-shares, with another 15-30% exposure to exchange-trade…
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