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Shenyin Wanguo Asset Management (Asia) Limited (“SYWGAM”) is launching its first China A-share fund-of-funds, SWS China Transformers Fund, which is not authorized by the Securities and Futures Commission in Hong Kong and will not be available to the retail public in Hong Kong. The Fund will invest in other collective investment schemes managed by local “superstar” fund managers based in the People’s Republic of China (PRC), who have already delivered promising track records pursuing absolute return investment strategies. In a market (China Ashare) that does not allow shorting and with few available hedging instruments, successful absolute return managers generate returns from exceptional tactical asset allocation (stocks vs. bonds. vs. cash), superior stock-picking, with utilization of some long arbitrage strategies to mitigate market downside risk.

Geoffrey Lam, SYWGAM’s Director of Asset Management, said that “we are witnessing the rising of the first generation of absolute return fund managers in the PRC; we only pick the creme de la creme in the market.”

Currently, the vast majority of the PRC-based absolute return managers only have on-shore investment products that are sold to high net worth individuals in China. “By investing in underlying investments with access to QFII (Qualified Foreign Institutional Investor) investment quotas, we are making these hidden treasures in China available to overseas investors.”

The China A-share market is a semi-clo......................

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