AMP Capital Investors plans to list a fund that provides access to China’s ‘Class A’ share market on the ASX by the end of this year.
Class A shares are those traded on the Shanghai and Shenzhen stock markets. The fund will seek to raise up to $330 million. AMP Capital Investors is the first Australian company to gain a Qualified Foreign Iinstitutional Investor (QFII) license and one of only 48 companies worldwide as at the end of September. AMP Capital has been given approval from China’s State Administration of Foreign Exchange (SAFE) to invest up to $US200 million directly into China A shares and bonds.
24/10/2006
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Investments
Some investors are “missing the point” of geopolitical risks by equating them to the disruptions from conflicts and wars, according to GIC chief economist Prakash Kannan, but in reality, geopolitical risk is no longer episodic or peripheral. This means investors need to think harder about inflation and country composition in their portfolio.
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