Mapletree Investments is planning to launch new mutual fund focused on commercial property in China, AdvisorOne reports. The new portfolio will invest between $401 million and $801 million in commercial property after the deployment of the money in its existing fund.
The China-focused fund will be backed by both internal and outside investor funds. The Singapore-based firm, which is owned by state investor Temasek, is also planning to launch a Vietnam fund in 2013.
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