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 October 2006 00:00
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Investments
The $80 billion Mercer Super has delivered a fourth consecutive year of double-digit returns to most members of its SmartPath lifecycle product. Global equities did a lot of heavy lifting, but chief investment officer Graeme Miller tells Investment Magazine that the fund is now looking further afield for returns.
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