BlackRock laajentaa aasialaisiin osakkeisiin sijoittavien rahastojen valikoimaa Kiina-rahastolla

BlackRock on laajentanut Aasian-markkinoille sijoittavien osakerahastojensa valikoimaa uudella BlackRock Global Funds (BGF) China Flexible Equity Fund -rahastolla. Rahasto on suunniteltu sekä A-osakkeista (onshore) että H-osakkeista (offshore) mahdollisuuksia etsiville sijoittajille, joiden joukko on kasvussa.

Kiinaan sijoittavat rahastot keskittyvät usein pelkästään offshore-osakkeisiin. Ulkomaisiin sijoituksiin kohdistuvista rajoituksista johtuen ulkomaiset sijoittajat omistavat Kiinan A-osakkeita eli onshore-osakkeita huomattavan vähän.

BGF China Flexible Equity -rahaston sijoituspolitiikka on joustava, ja se sijoittaa laajasti A-osakkeisiin ja kiinalaisiin offshore-osakkeisiin, toimialoihin ja faktoreihin. Rahasto pyrkii hyödyntämään Kiinan osakemarkkinoiden eroja kuten niiden välisiä arvostuseroja, eri suhdannevaiheista hyötyviä faktoreita ja toimialakohtaisia mahdollisuuksia. Rahasto ostaa osakkeita vain pitkäksi (long only) ja on fundamenttiperusteinen keskitetty rahasto, joka sijoittaa 20–50 yhtiön osakkeisiin 3 300 onshore- ja 1000 offshore-yhtiön joukosta.

BGF China Flexible Equity -rahaston salkunhoitajana toimii Helen Zhu, Head of Chinese Equities. Hänen tiimissään on kymmenen Kiinan-markkinoihin erikoistunutta analyytikkoa Hongkongissa ja Shanghaissa.

Helen Zhu, BGF China Flexible Equity -rahaston salkunhoitaja sanoo: “Kiinalaisissa osakkeissa eri sektoreiden tuotoissa on ollut paljon hajontaa[1], mikä on tarjonnut aktiivisille osakepoimijoille rikkaan sijoituskentän. Uskomme kiinalaisten osakkeiden antavan sijoittajille houkuttelevan mahdollisuuden sijoittaa tämän valtavan maan transformaatioon. Rahaston tavoitteena on yhdistää parhaat mahdollisuudet hyödyntämällä Kiinan osakemarkkinoiden eroja. Joustavan allokoinnin ansiosta rahasto voi sijoittaa kaikenkokoisiin yhtiöihin ja globaalisti pörssinoteerattuihin kiinalaisiin osakkeisiin riippumatta siitä, noteerataanko ne Kiinan, Hongkongin, Yhdysvaltojen vai muiden maiden pörsseissä.”

Michael Gruener, BlackRockin EMEA-alueen yksityissijoittamisen johtaja sanoo: “Kiinan osakemarkkinat tarjoavat hyviä sijoituskohteita sijoittajille. Tässä taustalla on maailman suurin väestö ja maailman toiseksi suurin kansantalous, jonka kasvu on yhä kestävämmällä pohjalla. Useimmat Kiinan markkinoille sijoittavat rahastot sijoittavat vain offshore-osakkeisiin, jolloin sijoittajilla ei ole pääsyä satoihin mielenkiintoisiin sijoituskohteisiin. Rahastomme kautta sijoittajat voivat sijoittaa joustavasti sekä Kiinan osakemarkkinoille että Kiinan ulkopuolella noteerattaviin kiinalaisiin osakkeisiin.” 

Alkuperäinen lehdistötiedote kokonaisuudessaan alla. Mikäli käännöksessä on eroja alkuperäiseen tiedotteeseen, alkuperäinen tiedote pätee.

 

BlackRock expands Asian equity range with high conviction China fund

• Fund invests flexibly across both onshore and offshore Chinese equity markets
• Accesses alpha opportunities from China’s structural transformation

04 December 2017, London: BlackRock has expanded its Asian equity fund range by launching the BlackRock Global Funds (BGF) China Flexible Equity Fund. The Fund is designed to enable a growing number of investors seeking to access opportunities in both onshore (A-shares) and offshore (H-shares, Red-chips, P-chips, American Depositary Receipts [ADRs], etc.) Chinese equity markets without having the need to allocate to two separate strategies.

Funds investing in China often focus solely on offshore equities, with onshore Chinese equities - namely China A-Shares – severely under-owned by global investors due to historic market restrictions on foreign investment.

The BGF China Flexible Equity Fund is managed under a flexible approach, and invests across A-Shares and Chinese offshore equities, market capitalisation, sectors and factors. It seeks to take advantage of the nuances in the Chinese equity markets, including valuation differences between markets, factors which work favourably in different market cycles, or sector specific opportunities. The Fund is a long-only, fundamentals-driven and concentrated portfolio, investing in between 20 and 50 companies from a universe of over 3,300 onshore and 1,000 offshore stocks.

The BGF China Flexible Equity Fund is managed by Helen Zhu, Head of Chinese Equities at BlackRock, and is supported by a team of 10 dedicated China-focused research analysts based in Hong Kong and Shanghai.

Helen Zhu, manager of the BGF China Flexible Equity fund, added: “Chinese equities have been demonstrating higher sector return dispersions[2], offering active stock pickers a rich investment universe. Dynamic, vibrant and now more accessible than ever before, we believe Chinese equities offer investors an attractive opportunity to invest in the transformation of this huge country. The Fund aims to blend the best opportunities, taking advantage of the nuances in the Chinese equity markets. Through flexible allocation, the Fund can invest across the full range of market capitalization and Chinese stocks listed globally, whether they are listed in mainland China, Hong Kong, the US or elsewhere.” 

Michael Gruener, Head of EMEA Retail at BlackRock, comments:“Backed by the world’s largest population, the second largest economy and an increasingly sustainable growth path, Chinese equity markets are a rich hunting ground for investors. Most funds investing in China still tend to focus solely on offshore equities, meaning investors are missing out on hundreds of potential investments. Through this fund, we are giving clients the opportunity to access both mainland and offshore Chinese equity markets with one flexible strategy.”

 

ENDS

Geeta Kana
+44 (0) 207 743 4361
geeta.kana@blackrock.com

 

About BlackRock

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[1] Lähde: BlackRock, MSCI-indeksidatan pohjalta; tilanne syyskuussa 2017

[2]Source: BlackRock, based on MSCI index data; as at September 2017