China Asset Management succeeded in raising the $4 billion it aimed to raise for its first global stock investment fund, which T. Rowe Price will serve as the fund’s overseas investment advisor, Reuters reports.

China Southern Fund Management also raised $4 billion for its overseas stock fund.

Chinese investors’ interest in overseas investing comes at a time when many believe China’s market is poised for a correction, given that it has risen nearly five-fold since 2006.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.