The Singapore-based asset manager said the new product plans follow the receipt of an RQFII licence from the China Securities Regulatory Commission.
The fund house is now seeking an investment quota from the State Administration of Foreign Exchange to fully participate in China’s onshore equity and fixed income markets.
“The RQFII license allows us to continue with our roll-out of onshore RMB funds. In addition to A-shares, we can now add RMB onshore bonds and balanced funds to our list of offerings,” Gerard Lee, Lion Global Investors’ chief executive said.
Bank of China, the fund house’s onshore custodian bank in China, facilitated the licence application.
Lion Global Investors was granted the Qualified Foreign Institutional Investor license in May 2012 and received a $50m investment quota in March 2013.
The firm said it has been managing QFII China A-shares portfolios since June 2010 and Chinese equities since April 1994.
The fund house currently offers Lion Global China Growth which seeks to invest in the equities of companies in China, Hong Kong, and Taiwan.
Set up in 1986, Lion Global Investors had $25.8bn in assets under management as of 30 June.
Lion Global Investors is 70% owned by Great Eastern Holdings Limited, a subsidiary of OCBC Bank and 30% owned by Orient Holdings, a wholly-owned subsidiary of OCBC Bank.
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Over a five-year period, the Lion Global China Growth fund performance versus the benchmark MSCI Dragon Index and category of Greater China funds from the Singapore universe:
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