The first China fund for foreigners,
The fund, which will be listed on the Dublin stock exchange and which is now set to debut in late August, will invest in Chinas yuan-denominated securities markets. Chinas stock and bond markets have heretofore been closed to foreign investors, but through Chinas Qualified Foreign Institutional Investor scheme,
Martin Currie is hoping to raise $50 million to $70 million in institutional investments for its China fund. Officials at Martin Currie declined to comment on the delay, but a UBS spokesman told Reuters, "We remain committed to seeing [the fund] successfully launched."
__
The staff of Money Management Executive ("MME") has prepared these capsule summaries based on reports published by the news sources to which they are attributed. Those news sources are not associated with MME, and have not prepared, sponsored, endorsed, or approved these summaries.