Convoy Asset Management has partnered with Zeal Asset Management to launch a new fund that focuses on Chinese stocks.

The Voyage Zelec China Fund invests in China-focused stocks listed in Hong Kong and high growth B-shares listed in Shenzhen and Shanghai. Convoy will be the sole distributor of the fund.

"Many lesser-known companies, which are often smaller, are growing very rapidly and are becoming significant drivers of the economy. However, since they are not often covered by major indices, they do not show up on mainstream fund houses' research radar screens. Our objective is to help investors capture the attractive opportunities in this segment by investing in non-mainstream stocks," Jacky Choi, chief investment officer of Zeal Asset Management, said in a statement.

Voyage Zelec China Fund will be available to the public from 6 to 17 September 2010 and accepts a minimum subscription of HK$50,000 ($6,400). The subscription fee equates to a maximum of 5 per cent of the net asset value.