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DWS Investment Trust Managers launching China investment trust

DWS Investment Trust Managers is launching a China investment trust in the New Year to be managed by Lillian Peng. The trust, which DWS hopes will raise 50m, will invest in both Hong Kong-listed shares and direct in shares listed on the mainland. Timing of the launch depends on the short-term outlook but the group is convinced the long-term picture is sound. Peng runs a Greater China institutional fund for the group.

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