A medium risk equity fund will be the first product launched by Bank of Communications Schroder Fund Management Company.
The new fund will be available to investors on August 26, holding 40 per cent in core defensive stocks, 30 per cent in cyclical growth stocks and 30 per cent in cash. It will also be allowed to invest in fixed income.
The joint venture between Bank of Communications and Schroders was announced in June. Their new fund will initially be open to Chinese investors and qualified foreign institutional investors and will be managed by Feng Zhao.