goldman-launches-china-ashare-fund

Goldman launches China A-share fund

GSAM offers global institutions access to its $200 million China A-share quota.
Goldman Sachs Asset Management has launched a fund investing exclusively in China A-shares. The Dublin-domiciled fund accesses ChinaÆs domestic stock market via its own license as a qualified foreign institutional investor QFII.

GSAM is one of a handful of asset managers with a QFII license, in this case for $200 million, which the firm says was oversubscribed several times. It has marketed the fund to pension funds and other institutions in Europe, Japan and other Asian countries other than China. A small amount has also been allocated to high-net-worth clients.

Vincent Duhamel, Hong Kong-based managing director for Asia ex-Japan at GSAM, says the firm intends to ask the China Securities Regulatory Commission for...
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