Citywire Selector - For Professional Investors

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

East Capital to repackage China funds for SICAV range

East Capital to repackage China funds for SICAV range

Asset management firm East Capital has suspended trading on two China funds in order to change the legal structure of the portfolios and add them to its SICAV range.

The East Capital China East Asia Fund and the East Capital China Fund are closed between February 3 and February 10 in order for the legal change to take place. The funds will reopen on February 13.

The two funds will be renamed the East Capital (Lux) – China East Asia Fund and the East Capital (Lux) - China Fund.

The two newly-created sub-funds, referred to in legal documentation as ‘receiving funds’, will be added to East Capital’s SICAV range.

In a note sent to investors, East Capital said management of the portfolios will remain the same, as will the investment approach.

Explaining the rationale for the change, East Capital said: ‘An investment company with variable capital is considered a more attractive fund structure for many investors, and this increased marketability will in turn enhance the sub funds’, respectively the [two] receiving funds’, prospects of gathering additional assets and so improve the efficiency of the portfolio.’

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Events
  • Citywire Thailand 2016

    Citywire Thailand 2016

  • Citywire Paris Alt Ucits 2016

    Citywire Paris Alt Ucits 2016

  • Citywire Deutschland 2016

    Citywire Deutschland 2016

  • Citywire Zurich Alt Ucits 2016

    Citywire Zurich Alt Ucits 2016

  • Citywire Montreux 2016

    Citywire Montreux 2016

  • Citywire Latin America 2016

    Citywire Latin America 2016

  • Citywire Amsterdam 2016

    Citywire Amsterdam 2016

  • Citywire Munich 2016

    Citywire Munich 2016

  • Citywire Milan 2016

    Citywire Milan 2016

  • Citywire Paris 2015

    Citywire Paris 2015

  • Citywire Paris 2015

    Citywire Paris 2015

  • Citywire Global New Ideas 2015

    Citywire Global New Ideas 2015

  • Citywire Global New Ideas 2015

    Citywire Global New Ideas 2015

  • Citywire Berlin 2015

    Citywire Berlin 2015

  • Citywire Berlin 2015

    Citywire Berlin 2015

  • Citywire Berlin 2015

    Citywire Berlin 2015

  • Citywire Alternative Ucits Retreat 2015

    Citywire Alternative Ucits Retreat 2015

  • Citywire Alternative Ucits Retreat 2015

    Citywire Alternative Ucits Retreat 2015