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 $205 billion Aware Super says that around 15 per cent of assets in its high-growth option are exposed to the AI thematic, but says that finding the portfolio's true concentration will require looking beyond simple dollar aggregation. Head of investment strategy Michael Winchester unpacks the approach and why the fund has to be “really discerning” with where it allocates to in the future.
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