The funds will be managed by Lynda Zhou and Freddy Wong.

Fidelity International’s wholly foreign-owned enterprise (WFOE) private fund management company has launched two new funds, including its first equity A-Share private fund and its second fixed-income fund. 

The two new funds are Fidelity China Equity No 1 Private Fund (The Equity Fund) and Fidelity China Bond Opportunity No 1 Private Fund (The Fixed Income Fund), the firm said in a statement.

The Equity Fund will primarily invest in China’s A-share market, leveraging on Fidelity International’s on-the-ground research capabilities and its knowledge of investing in the A-share market. The fund is Fidelity International’s first onshore equity fund in China. The fund is managed by Lynda Zhou, who will be based in Shanghai and will work closely with the local and global equity research team. 

The Fixed Income Fund marks the second fixed income private fund of Fidelity International and it aims to achieve income and capital appreciation. It will be managed by Freddy Wong. He is also the portfolio manager of Fidelity International’s first onshore Chinese fund launched in May 2017.

“This further diversifies our product offering and demonstrates our continuing commitment to serving the needs of China’s eligible institutional and high net-worth investors,” Jackson Lee, country head of China, Fidelity International, said. “This first equity fund, with a focus on the A-share market, is a natural addition to our product range. A-share inclusion to MSCI is a further step forward in the opening up of China’s capital markets which will be positive for investors. We are looking forward to continuing to develop our product offering in the next two to three years to help investors in China meet their investment needs.”

Fidelity International’s WFOE in Shanghai was established in September 2015. According to the firm, it was the first global asset manager to register with the Asset Management Association of China (AMAC) as a private fund management company in January 2017. 

Before the WFOE entity establishment, Fidelity International set up representative offices in Shanghai and Beijing as early as 2004 and 2008. It also has an operation and technology centre in Dalian that has almost 500 staff. Fidelity International has been investing in China for 20 years.