Manulife launches fund for China, Hong Kong equities

MANILA, Philippines — The Manulife Asset Management and Trust Corp. (MAMTC), the asset management arm of the Manufacturers Life Insurance Co. Philippines Inc. (Manulife) ,yesterday launched a new fund which will provide investors access to China and Hong Kong’s equity markets.

Dubbed as the Dragon Growth Equity Feeder Fund, the new fund will allow clients to invest in a diversified portfolio of equity related securities from public companies listed in Hong Kong and China, for a minimum investment of P5,000 or $100.

 “The Dragon Growth Equity Feeder Fund enables investors to take advantage of China’s transformative growth store and access its impressive domestically driven economic,” Aira Gaspar, president and chief executive officer of MAMTC said.

According to MAMTC, the fund will adopt “flexible and dynamic” allocations between China and Hong Kong equities, depending on changes in market conditions, government policies and industry trends. 

It will be supported by the Hong Kong and China investment team of Manulife Asset Management, which consists of over 40 investment professionals.

 “With China’s rapidly changing economic structure, its equity markets will inevitably continue to liberalize and evolve. With the new Dragon Growth Equity Feeder Fund, investors can draw on the talents of our experienced and nimble team who are equipped to seize emerging opportunities and navigate China’s new investment landscape,” Gaspar said.

Kai Kong Chay, managing director and lead portfolio manager of China or Hong Kong equities at Manulife Asset Management, cited “favorable factors” which make Chinese equities an attractive investment for Filipinos.