Neuberger Berman’s China’s equity team, based in Hong Kong, which already manages a Greater China Equity European hedge fund and a Dublin-domiciled UCITS, will also manage a new fund for U.S. investors using the same strategy. The Greater China Equity Fund is slated to launch in July.
According to the SEC filing, the fund will be available in class A shares with an expense ratio of 187 basis points, class C shares with an expense ratio of 262 bps and class I shares with a expense ratio of 151 bps.
The portfolio managers of the fund will be Yulin (Frank) Yao and Lihui Tang.
The fund will normally invest at least 80% of its net assets in equity investments that are tied economically to the Greater China region. The Greater China region is considered to include mainland China, Hong Kong, Macau and Taiwan. The fund’s equity investments include both equity securities and equity-linked investments, which may be listed or traded on recognized or over-the-counter markets located both inside and outside of the Greater China region, including, without limitation, in the United States, the United Kingdom, Singapore and Japan. An equity investment will be considered to be tied economically to the Greater China region if the issuer is domiciled in the Greater China region or has at least 50% of its assets in, or derives 50% or more of its revenues or profits from, the Greater China region, or if the equity investment’s returns are linked to the performance of such an issuer.
As the fund has not yet launched, a spokesman for Neuberger Berman declined to comment.