Fullerton Launches Onshore China Fund
Fullerton Fund Management (“Fullerton”) announced its wholly foreign-owned enterprise (WFOE), Fullerton Investment Management (Shanghai) Co., Ltd. (“Fullerton Shanghai”), has successfully launched its first private fund in China.
The product – Fullerton Absolute Return China A Strategy Series 1 Private Fund – was distributed through China Galaxy Securities, one of China’s largest brokerage and investment bank. Managed by the investment team in Fullerton Shanghai, the fund invests primarily in China A stocks and is available to high net worth individuals and institutional investors.
Jenny Sofian, Fullerton’s Chief Executive Officer, shared, “China is a long-term growth and strategic market for Fullerton and we are delighted that our Shanghai unit has successfully launched its first onshore private fund. This reinforces Fullerton’s investment credentials as we seek to offer our investment capabilities to qualified Chinese investors, as well as offer our China investment capabilities to the rest of the world.”
Mark Li, General Manager of Fullerton Shanghai, said, “We are privileged to have the support given to us as we marketed our first private fund product to eligible Chinese investors through a collaboration with China Galaxy Securities. This positive outcome paves the way for more launches nationwide in the future – we look forward to expanding our product offerings to meet the needs of investors.”
An award-winning asset management company, Fullerton has investment capabilities across equities, fixed income, multi-asset and alternatives. Fullerton managed its first China strategy (QFII) in 2006, and opened its first foreign representative office in China in 2007. Over the years, Fullerton has grown alongside China as the country evolved its regulatory space, through QFII, RQFII and the China interbank bond qualifications. The WFOE, Fullerton Shanghai, was established in December 2013 and successfully obtained its private fund management approval from the Asset Management Association of China in September 2017.
A full-fledged set up, Fullerton Shanghai has grown its on-the-ground team to provide a wider range of investment capabilities and services to onshore clients, bringing it to its current strength of 13 staff.