歐洲首批投資中國內地的主動型基金出爐
Ashmore will today launch what are believed to be the first European-domiciled actively managed funds investing in the mainland Chinese market.
安石投資管理有限公司(Ashmore)今日將發起據信是首批歐洲註冊、投資於中國內地市場的主動型基金。The London-based emerging market specialist will unveil three Luxembourg-domiciled Sicav funds, encompassing equity, debt and a multi-strategy mix of these two asset classes.
這家總部位於倫敦、專注於新興市場投資的公司將推出三家盧森堡可變資本(Sicav)投資基金，涵蓋股票、債務和這兩個資產類別的多策略組合。
The fund range will tap Ashmore’s Rmb3bn (£294m) RQFII (Renminbi Qualified Foreign Institutional Investors) quota that allows foreign managers to access the mainland Chinese market. Ashmore became the first manager outside Greater China to receive it in January.
這一系列基金將利用安石的30億元人民幣（合2.94億英鎊）的人民幣合格境外投資者(RQFII)投資額度。外國基金管理公司可以通過RQFII額度投資於中國內地市場。安石於今年1月成爲大中華區之外第一家獲得RQFII額度的基金管理公司。
Until now, foreign investors have only had access to Hong Kong-based actively managed mainland funds, although Deutsche Bank, Source and ETF Securities operate European-domiciled passive exchange traded funds that have combined assets of $900m.
此前外國投資者只能投資於香港註冊、針對內地的主動型基金，不過德意志銀行(Deutsche Bank)、Source和ETF證券公司(ETF Securities)運營着總資產達9億美元的歐洲註冊的被動型交易所交易基金(ETF)。“We have been eagerly awaiting this day. It has been a long time coming,” said Christoph Hofmann, global head of distribution at Ashmore. “We think that China should be a bigger part of people’s asset allocation than it has been. It is the second-largest economy in the world but local markets have been largely inaccessible to foreign investors.
“我們一直在熱切等待這一天的到來。已經等得太久了，”安石全球分銷主管克里斯托弗•霍夫曼(Christoph Hofmann)表示，“我們認爲，中國應當在人們的資產配置中佔據比以往更大的比重。中國是全球第二大經濟體，但其國內市場基本不對境外投資者開放。”“We think many institutional investors will look at China as a country they want to have a dedicated permanent exposure to, as they do with the US. I would expect other [fund managers] to follow.”
“我們認爲，許多機構投資者將把中國視爲一個他們希望建立專門、永久敞口的國家，正如他們對待美國那樣。我預計，其他（基金管理公司）將會跟進。”To date, most outsiders have accessed Chinese equities through the H shares market of mainland companies listed on the Kong Kong exchange.
迄今，大多數境外投資者通過在香港交易所上市的中國內地企業構成的H股市場來投資中國股票。Fees range from 1.15 to 1.5 per cent for institutional investors and UK “RDR” share classes, and 1.75 to 1.95 for other retail investors.
對機構投資者和英國“零售分銷審查”(RDR)股票類別而言，費率爲1.15%至1.5%；對其他散戶投資者而言，費率爲1.75%至1.95%。
