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Threadneedle backs domestic Chinese shares in launch
by Dylan Lobo on Feb 16, 2007 at 10:03
Citywire has learnt that the soon-to-be-launched Threadneedle China Opportunities fund will be managed by Gigi Chan and will have an exposure of around 25% to the domestic A-share market.
Chan joined Threadneedle Investments in 2000 and is a member of Vanessa Donegan’s emerging markets team.
Threadneedle expects to launch the fund in the next three weeks once it gets regulatory approval.
It is believed the fund will have a 25% exposure to mainland A-shares at launch with the remainder invested in H-shares. Citywire believes the fund will hold between 40 and 60 stocks and aim to deliver 3% outperformance of the MSCI China index.
Chan will select investments through a thematic approach. Five key themes are expected to dominate the portfolio at launch: domestic consumption; infrastructure spending; urbanisation; deregulation and global leadership.
Meanwhile, Celeste Dias has been appointed head of product development at Threadneedle. She takes over from Lothar Mentel, who is joining Rothschild as head of investment product in its private banking and trust businesses.
Dias joined Threadneedle in 2006 from Barclays Wealth Management where she led the launch of the Barclays Multi Manager fund range. She will be responsible for managing Threadneedle's product ranges on both the retail and institutional sides.
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