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Ping An UOB Raises $500M From EQ Fund

Ping An UOB Fund Management Co. has generated $500 million with its first fund in mainland China.

Ping An UOB Fund Management Co. has generated $500 million with its first fund in mainland China. With Bank of China as the main distributor, the open-ended Ping An UOB Industry Leaders Equity Fund has been marketed in China by more than 30 distributors.

It is aimed at mainland Chinese retail and institutional investors and qualified foreign institutional investors. Ping An UOB is a joint venture fund manager formed in China by UOB Asset Management, Ping An Trust Co. and Sanya Yingwan Tourism Co.

Click here for the release from UOB Asset Management.

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