Fidelity International is launching a U.K. Oeic version of the China Consumer Fund, Financial Times reports. The £115 million strategy, managed by Raymond Ma, is benchmarked against the MSCI China Index.
The fund purchases stocks listed in China, Taiwan and Hong Kong that sell goods directly to Chinese people. The U.K. fund comprises a £1,500 minimum investment and a 3.5 percent initial charge.
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