Aberdeen to launch China-A share fund on Monday

Singapore

ABERDEEN Asset Management is launching a China-A share fund on Monday to capitalise on the long-term growth potential of mainland China. The new fund, domiciled in Luxembourg, will make use of Aberdeen's 600 million renminbi (S$133 million) RQFII (renminbi qualified foreign institutional investor) facility that was granted to the group's Asian arm late last year.

The Fund will be marketed to investors in Singapore and Hong Kong with a minimum investment of US$200,000. Other share classes will be on offer for European-based investors with a higher minimum US$1 million initial investment.