The mainland China fund launch continues a busy run of news at the asset management business.

HSBC Global Asset Management, part of HSBC, has launched the HGIF China A Fund for investors seeking exposure to the China A-share equity market.

The actively-managed fund is designed to capture the long-term growth opportunities in mainland China shares. It holds a portfolio of 40-80 stocks with a large-cap bias. The fund is co-managed by HSBC Global Asset Management’s Jintrust team in Shanghai and the offshore team in Hong Kong. 

The Jintrust team manages more than $2.1 billion in onshore equities as of June this year. 

“China’s onshore equities have a market capitalisation of $7.8 trillion and more than 3,500 listed companies, many of which offer unique investment opportunities that can’t be accessed elsewhere,” Mandy Chan, head of China and Hong Kong equities and the lead manager of the HGIF China A Fund, said.

“The HGIF China A fund offers global investors the opportunity to gain exposure to China’s economic transformation and some of the most exciting structural stories in the ‘New China’ sectors – such as healthcare, consumer products and technology. Bolstered by supportive government policies, these companies have achieved better growth than the overall market in recent years, beating out “old economy” rivals,” Chan said. 

The HGIF China A Fund is a sub-fund of the Luxemburg-domiciled HSBC Global Investment Funds, HSBC's global flagship fund range. 

Among recent developments, HSBC Global Asset Management appointed one of its senior figures, Joanna Munro, to take up the post of global chief investment officer, replacing Chris Cheetham who is retiring from the role, as announced in May. HSBC Global also appointed Nicolas Moreau as chief executive to lead its asset management arm. Moreau departed Deutsche-owned asset manager DWS last October, where he was CEO. He took over from Sri Chandrasekharan who has run operations there for the last seven years.