News

William Blair launches China fund

China growthUS-based fund manager William Blair Investment Management is the latest firm to launch a mutual fund targeting China’s equities market. The China Growth Fund will be managed by Casey Preyss and Vivian Lin Thurston, two portfolio managers from the firm’s global equity team. As much as 80% of the fund’s net assets will be invested in the stocks of Chinese companies, including A-shares listed on the Shenzhen and Shanghai stock exchanges. “Over the past several decades, the world has witnessed the transformation of China from a smokestack economy to a lab-tech economy,” said Preyss. “Urbanisation, rising income, and growing number of millennials have been driving significant consumption in the Chinese middle class.” According to Thurston, China’s domestic market is “largely inefficient, uncorrelated to other major market indices and under-represented in many investors’ portfolios”. ©2021 funds global asia

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