BNP Paribas Investment Partners (BNPP IP) has launched a fund that offers access to Chinese ‘A’ shares through its RMB Qualified Foreign Institutional Investor (RQFII) status.
BNPP IP was granted RQFII status by the China Securities Regulatory Commission in September 2014.
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The newly launched BNP Paribas Flexi 1 CSI 300 Index Fund will aim to replicate the performance of the CSI 300 Price Return Index, the French group said.
The CSI 300 Index – a commonly used index to track local market performance – comprises the 300 stocks with the largest market capitalisation and liquidity from the entire China ‘A’ Share market, including both the Shanghai and Shenzhen Stock Exchanges.
Tino Moorrees, CEO for Hong Kong and head of Asia cross border sales at BNP Paribas Investments Partners, said: "The BNP Paribas Flexi 1 CSI 300 Index Fund provides unique access for our clients to one of the world’s most dynamic markets, that is widely expected to benefit from ongoing reforms and positive sentiment, as well as recent monetary easing.
"This new fund is a key addition to our UCITS range, offering international investors a straightforward way to make dedicated investments in China in order to diversify their asset allocation in an area that exhibits low correlation with other global assets."
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