This content is from: ThinkTank

China To Float Wine Investment Fund

China is rolling out its first wine investment fund.

China is rolling out its first wine investment fund, Financial Times reports. The Dinghong Fund, which will be co-founded by Ling Zhijun, intends to raise $156 million and also invest in vintage wines.

The close-end fund expects to raise its first tranche of $31.2 million by the end of next month. The product anticipates delivering annual returns of approximately 15%.

Click here for the story from Financial Times.

Click here for additional coverage from Expressindia.

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