Funds News
- ABN AMRO fund JV to launch fund
Date: 24-Jul-2007 Sources: (Shenzhen Daily)
DUTCH bank ABN AMRO's asset management joint venture in China said yesterday it will launch a stock fund Thursday with an aim to raise up to 12 billion yuan (US$1.59 billion).
The fund, one of several products approved by regulators this month, can invest 60 to 95 percent of its proceeds in the domestic A-share market, said Beijing-based ABN AMRO TEDA Fund Management Co., in which ABN AMRO holds a 49 percent stake.
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