Julius Baer launches downsized China fund
The bank aims to invest mostly in value-driven A-shares. Its fund started trading two weeks ago and has raised $65 million already, with a Europe roadshow on the horizon.
Swiss private bank Julius Baer has launched a private-placement China fund for its wealthy clientele that it plans to market to its European investors later this month.
The firm initially applied for a $200 million qualified foreign institutional investor (QFII) quota, but then downsized this to $100 million on account of turbulent market conditions, says Kenneth Ho, Asia-Pacific head of products for Julius Baer.
It received its $100 million quota in mid-May, after which it has …
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