Fund Management
What's New In Investments, Funds? - BlackRock
The latest in funds and investments across Asia-Pacific.
BlackRock
BlackRock, the
US-listed asset management titan, has reportedly created its
first onshore equity fund in China for institutional investors
and high-net-worth individuals.
The launch is a “significant milestone” in its strategy of doing business in mainland China, BlackRock was quoted by AsiaAsset as saying. WealthBriefingAsia has sought to confirm details.
The BlackRock China A-Share Opportunities Private Fund 1 was set up by BlackRock Investment Management (Shanghai) Co Ltd, BlackRock’s wholly foreign-owned enterprise, and registered with the Asset Management Association of China.
The fund will invest in the Chinese onshore capital market. BlackRock, along with a raft of other foreign organisations, is taking advantage of Chinese investment quotas for non-domestic investment houses.
Earlier in May BlackRock launched the BlackRock Global Funds (BGF) – Dynamic High Income Fund, designed to widen income sources for Hong Kong-based investors. That fund is managed by Michael Fredericks, Justin Christofel and Alex Shingler of BlackRock’s Multi-Asset Income team. It seeks to deliver high income and total return through asset classes complementary to traditional income investments. These asset classes include global real estate investment trusts, preferred stocks, floating rate loans, mortgage-backed securities and equity covered call options.
