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By Liam Kennedy2021-04-29T11:27:00+01:00 APG and E Fund Management are cautiously exploring the possibility of opening their €900m China A-Shares strategy to like-minded institutional investors and are already in discussions with one entity, according to both organisations. The strategy has returned 10-12 percentage points above benchmark on an annualised basis since inception, and currently holds around 27 stocks, according to Ronald van Dijk, deputy CIO at APG. The strategy was billed as China’s first concentrated equity fund with an ESG focus when it was launched in September 2017. ...

In case you needed reminding, both China’s equity and fixed-income markets are the world’s second-largest after the US. Outstanding government, quasi government and corporate bond issuance exceeded $27.4bn (€22.9bn) as of last August, according to the International Capital Markets Association. The equity market hit an all-time high of $10trn in market capitalisation terms last October, as calculated by Bloomberg. The weighting of China in international equity indices is also now notable, and index inclusion has resulted in strong inflows to Chinese capital markets over recent years. Bon...

APG’s partnership with E Fund Management has produced tangible results

APG’s partnership with E Fund Management has produced tangible results Any business venture will ultimately be judged by what it yields. In the case of the almost five-year partnership between the €568bn APG, Europe’s biggest pension provider, and E Fund Management, one of China’s largest asset managers with CNY2trn (€260bn), the experience so far has been fruitful. APG deputy CIO Ronald van Dijk, speaking in early April, points to annual 10-12% above-index return for the flagship concentrated equity strategy, which invests in about 27 mainland China A-share stocks.  APG and E Fund...

Public equity funds all the rage among youth By LIU YUKUN and ZHOU LANXU | China Daily | Updated: 2021-03-17 07:07 Share CLOSE Suddenly everyone around me started talking about funds, even for those who had zero experience. It's interesting that talking about funds is now a good conversational icebreaker. [Photo/Sipa] High-profile star managers leading frenzy of activity, attracting people into the fast-growing market in China It's human nature to want to make an easy buck. But things can get complicated when a surge of mainly young i...