CSOP, Hermes ready RQFII 'sunshine' product
The Ucits RQFII fund will be the first to work with private hedge fund managers in China as subadvisers to provide exposure to the A-share market. It is due to launch next month.
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CSOP Asset Management has partnered the UK's Hermes to launch a landmark A-share fund that will use ‘sunshine’ private hedge fund managers as sub-advisers under China's renminbi qualified foreign institutional investor (RQFII) scheme.
The Ireland-registered Ucits vehicle was officially approved by the country’s regulator on Tuesday last week, and the IPO funding period is slated to finish at the end of this month.
The fund has attracted almost $50 million since it was incepted o…
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