Fidelity launches onshore version of China Consumer fund

Chinese_lanternsFidelity Worldwide Investment has launched a UK onshore version of its China Consumer fund, which aims to take advantage of the pro-consumption government policies and urbanisation. Raymond Ma, the manager, aims to create a portfolio with a pure exposure to China’s consumer market. He invests predominantly in companies which produce products specifically tailored to the needs of Chinese consumers. “What really excites me about managing this fund is the fact that as Chinese consumption grows so does the number of potential investment opportunities,” Ma says. “The Chinese consumer sector is expanding rapidly with over 100 consumer-related initial public offerings now being made every year.” Ma typically selects between 80 and 120 local companies for his portfolio. Chinese consumer companies have launched almost $485 million (€565 million) in initial public offerings in Hong Kong, according to market reports. While this may be seen as a sign of confidence following several weeks of no deals, investors have turned cautious as markets worldwide remain volatile. The new onshore version is a mirror image of the offshore fund launched in February. ©2011 funds europe

Executive Interviews

INTERVIEW: Put your money where your mouth is

Jun 10, 2016

At Kempen Capital Management, they believe portfolio managers should invest in their own funds. David Stevenson talks to Lars Dijkstra, CIO of the €42 billion manager.

EXECUTIVE INTERVIEW: ‘Volatility is the name of the game’

May 13, 2016

Axa Investment Managers chief executive officer, Andrea Rossi, talks to David Stevenson about bringing all his firm’s subsidiaries under one name and the opportunities that a difficult market...


ROUNDTABLE: Beyond the hype

Oct 13, 2016

The use of smart beta investing continues to grow. Our panel, made up of both providers and users, discusses what the strategy actually means, how it should be used and the kind of pitfalls that may arise when using this innovative investment technique.

MIFID II ROUNDTABLE: Following the direction of travel

Sep 07, 2016

Fund management firms Aberdeen and HSBC Global meet with specialist providers to speak about how the industry is evolving towards MiFID II.