Echoes of 2015 in current China slump
Beijing lowered its growth targets last week as exports recorded their sharpest year-on-year decline in three years
Beijing lowered its growth targets last week as exports recorded their sharpest year-on-year decline in three years
Country’s economy remains overwhelmingly dependent on oil and gas
Specialist emerging and frontier markets manager East Capital is to launch a fund investing in socially responsible emerging market companies.
The huge surge in money flowing into Hong Kong stocks, which pushed the Hang Seng Index up to a seven-year high earlier this month, has been linked to a recent change in the Stock Connect initiative. But fund managers said the change was only a catalyst for the influx in funds.
East Capital said its UCITS-compliant China fund has become the first to be allowed to invest up to 100% of its portfolio in Chinese A-shares through the Stock Connect program.
East Capital has launched a new frontier markets fund focused on “young and fast-growing” markets with an emerging middle class and strong consumption growth.