One of China's biggest asset managers is looking to bring China and Asia-focused mutual funds to U.S. institutional and retail investors.

Harvest Fund Management, which manages some $50 billion in assets, last month announced a joint venture between its international subsidiary, Harvest Global Investments, and Jonathan Krane, who founded Krane Capital in 2009 to advise Chinese and U.S. investors on cross border transactions, to create Harvest Krane. The venture is based on the continued Chinese growth story and the increasing demand and realization among U.S. investors to capitalize on it. "We saw U.S. investors long being interested in exposure to China, the second-largest economy, which will likely become the largest in coming years," said Krane.

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