Singapore-based Lion Global Investors has launched three funds that will invest in China under the renminbi qualified foreign institutional investor (RQFII) scheme.
The firm was awarded an RQFII licence in October and subsequently gained an investment quota worth 1 billion renminbi ($161 million).
The new products are Singapore-registered unit trusts and consist of an equity fund, a bond fund and a balanced fund that invests in both equities and bonds.
"Although the anti-corruption drive and economic reform by the current administration continue to be headwinds to the markets, we think it's a good time for investors to enter the Chinese onshore markets as valuations are reasonable," says Gerard Lee, chief executive of Lion Global Investors.
The funds will be managed in Singapore by Lion Global's team, who have an average of more than 18 years experience in the finance industry.
©2015 funds global asia