Investec Asset Management plans two funds focusing on Chinese equities and bonds after it became the latest asset manager to receive a licence and a quota for investment in local markets.
With the renminbi qualified foreign institutional investor (RQFII) licence, Investec will be able to invest directly into A-shares listed in Shanghai and Shenzhen, and the Chinese bond market, which are restricted for foreign investors.
Investec aims to launch two funds within its Luxembourg-domiciled Ucits range, one focusing on Chinese equities and one on bonds.
The South Africa-based asset manager says this will support the growth of its international footprint and global client base.
It will also allow its investors to allocate capital on a global basis and to access the future growth potential of China in a product structure that offers both flexibility and liquidity.
John Green, global head of client group, says: "We have responded to client demand by expanding our investment opportunity set as well as our Asia presence both from a client service and investment perspective."
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