China Merchants Fund to launch Bric Index QDII fund
The company will issue the product in January to gain broader emerging-market exposure via ADRs and GDRs listed in the US and UK, and Chinese stocks in Hong Kong.
China Merchants Fund (CMF) is planning to launch a product for qualified domestic institutional investors (QDII) next month to invest in stocks on the S&P Bric 40 Index.
Tony Liu, deputy director of CMF’s product department, says its Bric index fund will be listed on the Shenzhen Stock Exchange after the January launch.
The constituent stocks of the S&P Bric 40 are mostly blue-chips in the energy, materials, financial and technology sectors across the four Bric markets. They i…
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