Investec Asset Management builds on Asian investment record with RQFII allowance
Investec Asset Management is set to grow its strong investment track record on the Asian continent by directly accessing the mainland Chinese equity and bond markets. The firm today announced that it has been awarded an RQFII (Renminbi Qualified Foreign Institutional Investor) licence by the China Securities Regulatory Commission, and has subsequently been allocated its first RQFII investment quota by the Chinese State Administration of Foreign Exchange.
The firm can access these assets across their global and regional products, including within its flagship Luxembourg-domiciled UCITS range of daily dealing funds.
“Reform in the Chinese investment markets over the past few years has provided an opportunity for international investors to participate through local investment in this dynamic economy undergoing structural change at attractive valuations,” says John Green, Global Head of Client Group at Investec Asset Management.
Supporting the growth of its international footprint and global client base, this new capability will allow Investec’s investors to allocate their capital on a global basis and to access the future growth potential of China, in a product structure which offers both flexibility and liquidity.
In the near future, Investec Asset Management intends to utilise its RQFII licence and quota to launch two new daily dealing funds within its Luxembourg-domiciled UCITS range*, one focusing on Chinese equity exposure and the other on onshore Chinese bonds. This builds on its range of dedicated Asian investment strategies, including the Investec 4Factor All China Equity Strategy and the Investec Asia ex Japan and Investec EM Equity Strategies.
“These developments demonstrate our belief in and commitment to the positive investment opportunity in China. We have responded to client demand by expanding our investment opportunity set as well as our Asia presence, both from a client service and investment perspective,” says Green.
