} ?>
(Yicai Global) Sept. 26 -- Overseas securities firms have shown resolve in the face of a bear market and established new mainland China-based funds at an accelerating pace in the past months, which results in an increased number of investment products for foreigners.
Offshore companies have issued 18 funds from November last year to September this year, digital news outlet China Fund, hosted by People's Daily, reported. During the first ten months last year, only one fund, namely Fidelity China Bond No. 1 Private Fund, was set up.
China stocks have had a tumultuous year so far as the country is dealing with a protracted trade dispute with the US. A prolonged period of bearish investment sentiments has caused the country to lose its earlier position as the world's second-biggest stock market to Japan in early August, Bloomberg data shows.
The newly created investment products come in many forms such as active investment, bond, quantitative, absolute return funds and other types of funds, mostly equity funds. China mainland units of Swiss UBS Group, UK-based Fidelity International and Hong Kong's Value Partners Group have listed three mutual funds that mainly focus on mainland stocks, also called as A-shares.
The 14 companies that have acquired private equity fund management certifications are:
BlackRock Investment Management Shanghai
FIL Investment Management Shanghai
Fullerton Investment Management Shanghai
Man Investment Management Shanghai
Value Partners Investment Management Shanghai
UBS Asset Management Shanghai
Invesco Investment Management Shanghai
Neuberger Berman Investment Management Shanghai
Aberdeen Standard Asset Management Shanghai
Schroder Investment Management Shanghai
AZ Investment Management
Winton Investment Management Shanghai
Bridgewater China Investment Management
APS China Asset Management
Some 12 of these agencies have issued up to 19 private funds while Bridgewater and APS have not issued any funds so far.
Editor: Emmi Laine