AmInvest unveils new fund

Aminvestment Bank chief executive officer Tracy Chen Wee Keng said the fund is timely as it is positioned to capture the potential new growth sectors of China which economy has been transitioning from an investment-led to consumption-led growth model

KUALA LUMPUR: AmInvest has introduced its new China sectors index fund that will enable investors to ride on the potential growth of the flourishing consumer and consumer-related sectors in China.

It said the fund, launched in view of China’s rising local purchasing power, will feed into the Industrial and Commercial Bank of China and CSOP Asset Management Ltd S&P new China sectors exchange-traded fund which tracks the performance of the S&P new China sectors (A-shares capped) index.

Aminvestment Bank chief executive officer Tracy Chen Wee Keng said the fund is timely as it is positioned to capture the potential new growth sectors of China which economy has been transitioning from an investment-led to consumption-led growth model. — Bernama