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Martin Currie looking at starting up China fund

Martin Currie is looking at setting up a China fund for manager James Chong early next year.

Chong has been running a greater China Sicav for the firm since July 2006.

The fund has returned 84.6 per cent in its first year compared with the MSCI golden dragon index return of 54.4 per cent.

Managing director of marketing Andy Sowerby says the success of the $140m fund has shown that there is scope to launch a vehicle in the UK.

Sowerby says the group plans to launch three funds, including its North American Alpha vehicle, in the next couple of years as it continues to build its specialist offering.

He says: “We have seen demand for emerging markets grow in recent times, with our own EM fund doubling in size in the past few weeks. The performance of James and our 11-strong invest-ment team that works out of Shanghai also makes this an interesting prospect should we choose to launch.

“We want to grow our offering on the guidelines of our successful model. We currently have 10 funds and we would like a few more.”

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