Fidelity International has unveiled a new portfolio in China that gives an opportunity to investors to tap the country’s consumer market. The Fidelity Funds China Consumer Fund provides investors a direct exposure to the companies set to benefit from China’s consumption boom as it spreads from the top affluent groups to the middle class.
Hong Kong-based Raymond Ma will be the manager of the new portfolio, which will hold between 80 and 120 China-listed stocks, in companies involved in the development, manufacture or sales of goods or services to Chinese consumers. The performance benchmark for the fund is the MSCI China Index NR.
Click here for the release from Fidelity.