CAMC to launch foreign equities fund

Stock Markets

Thursday, October 16, 2008 00:34:04

	CAMC to launch foreign equities fund By STAFF EDITOR Published: September 25, 2007 08:37 PM China Asset Management Corp confirmed Monday it plans to raise US$4 billion for its first overseas equities fund, cashing in on interest from local investors to diversify risks by investing offshore, the Shanghai Financial News reported. The company will start selling funds with a weighting of at least 60% in overseas stocks. It has chosen T Rowe Price Group as its ... You are currently reading 61 words of 185 total words in this article. To continue reading this article, you must be a subscriber. Log in now. Buy this article now for $10 USD. Not a subscriber? Start your 7-day free trial now. bookmark \| digg \| Permalink \| Tell a Friend Tags for this article: investment , stock market , foreign exchange , management , QDII	More Articles in Stock Markets > Today’s Daily Briefs E-Mail Sign up for a roundup of the day’s top stories, sent every day. RELATED ARTICLES > China Merchants Property wins approval for US$1.17b share issue Hunan Publishing to list units Citic Securities’ 1H profit down 5.65% to US$96m Mainland firms raise US$7b in 56 Q2 IPOs P&G to offer offshore stock options to mainland staff Shanghai banks lose US$405m last year to stock markets Three fund companies break RMB1b profit barrier

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