In December last year, the Swiss private bank became the first to receive a QFII licence from the State Administration of Foreign Exchange in China, paving the way for this fund launch. Under the licence, Julius Baer was granted a $100m trading quota, which will be utilised with the launch of the Julius Baer China Fund.
Kenneth Ho, head of products Asia Pacific, said: “We are in a unique position as a private bank to provide our clients globally with the opportunity to invest directly onshore in China, a market which is growing rapidly and offers so many interesting options for investors.
“China’s economic growth remains above-trend and retains strong fundamentals, representing a key driver of global economic growth, despite recent tightening measures. We believe the CNY will further appreciate this year.”
Julius Baer said the fund will be invested based on the country’s macro outlook and in themes and industries which will benefit from Chinas twelfth five-year plan as well as bottom-up stock selection based on quantitative and qualitative analysis.
