大摩创立美国首支A股封闭式投资基金

&p/}K(k.K0s*F^4LR0Today, I just happaned to learn that we had a China A share focused fund set up in this Sept.in the US, which was launched by MS. The closed-end fund is now traded in NYSE with $200 million of investable capital. 中国华尔街博客空间w lGq#_W

k4xq%i}JP
v\0To my knowledge, this is the first U.S. based fund that mainly invests in China A Share market. I went to the conference call's wen link and listened to what they said. There were two speakers, one of which had an indian accent and one of them was obviously a Chinese lady. The first guy introduced the current situations on China's stock market and the economy, as well as the key drivers behind their investing strategies. The Chinese lady, in particular, highlighted the growth of mechinary industry in China.中国华尔街博客空间U@c3p+`6~(j/c

g/HQ S;p%c,t.y0These guys use bottom-up approach to select and manage their portfolios. There seemed to be 25-70 stocks in their portfolio.I was thinking this might be the first wave for U.S. based investors who take China's A share serious....I expect, as the US dollar weakening vs RMB, more such kind of funds will be on their ways and more money shall be pouring into China's A share market. The flip side of this----is that the A share market will see more volatilities ahead....中国华尔街博客空间:j7S$s1xDN-m

FYI, the fund is called Morgan Stanley China(CAF.NYSE).