HSBC Jintrust Fund Management Company Limited (HSBC Jintrust) has launched the HSBC Jintrust Large Cap Equity Fund. The heaviest equity-biased product from HSBC Jintrust, the Fund allows Mainland investors to capture the long-term growth of China’s economy.
Jointly managed by Tom Lin, Chief Investment Officer, and Ally Wang, investment manager, the HSBC Jintrust Large Cap Equity Fund will have equity holdings between 85% and 95% – the highest level permitted by the regulator. The Fund is HSBC Jintrust’s sixth product since the inception of the joint venture in 2005.
“The Fund will invest mainly in the leading large cap stocks in the sectors benefitting most from the government’s RMB4 trillion economic stimulus package,” says Lin. “These sectors, including railways, highways and airports, have relatively attractive valuations now, and will be the key drivers for China’s recovery from the global economic slowdown. We have set a high level of equity weightings to give investors greater exposure to the long-term growth of China’s economy.”
Lin, who has 11 years of industry experience, is one of the most experienced fund managers in the Mainland equity market. He is also the fund manager for the HSBC Jintrust Dragon Growth Equity Fund, which had RMB1.44 billion in assets at the end of March 2009. Ms Wang has more than eight years of industry experience and was selected as one of the top three analysts in the country in 2005 by Mainland publication, New Fortune.
D.C.