Offers investors access to the broader China A-Shares market and ultimately the rise of China’s booming economy KUALA LUMPUR, Sept 13 (Bernama) -- Eastspring Investments Berhad (“Eastspring”) today announced the launch of its Eastspring Investments Islamic China A-Shares Fund (“Fund”) in Malaysia.
Investing in Shariah-compliant equities, the Fund aims to provide investors with capital appreciation in the long-term via a diversified portfolio in China A-Shares that offer upside potential. It will focus on companies that have a consistent track record of earnings growth or upward earnings revisions, and high dividend yielding Shariah-compliant equities in the China A-Shares market.
Raymond Tang, Chief Executive Officer at Eastspring said, “We are very excited to introduce another China-themed fund to investors in Malaysia. Interest in China equities has been strong in the last three years, evidenced by the growth in asset under management for our Eastspring Investments Dinasti Equity Fund, which grew 79% from 1 Jan 2020 to 30 June 2021 despite the impact of the global pandemic. Today, we are delighted to bring this compelling investment solution that offers access to China-A Shares market as well.”
The Shanghai and Shenzhen stock exchanges have nearly 4,200 listed companies in total and a combined market capitalisation of USD12.2 trillion at the end 2020. It is now the world’s second-largest stock market after the United States (USD45 trillion).
Furthermore, onshore A-Shares and Hong Kong–listed Chinese equities tend to focus on different sectors of the Chinese equity market, offering greater diversification to investors who are keen on tapping into China’s dynamic growth. Generally, energy and utility companies are better represented among China equities listed in Hong Kong, while new economy companies and small- to mid-cap stocks in sectors such as consumer, IT, industrials and healthcare, tend to be better represented in China A-Shares.
“The China market today is vastly different from that of the past. Rapid innovation and rising domestic consumption are powering higher quality Chinese growth, creating opportunities for discerning investors. As China’s economic and technological dominance grow, investors will likely need to consider making a more direct and deliberate allocation to China’s financial markets”, said Mr Tang.
China A-Shares have also shown low return correlation with global equity markets. Institutional exposure into China A-Shares has gradually helped to stabilise the market, which will in turn contribute towards the performance stability of the Eastspring Investments Islamic China A-Shares Fund.
Complemented by global investment experts, Eastspring’s local team in Malaysia has more than 12 years’ experience investing in Greater China via its Eastspring Investments Dinasti Equity Fund, and today, manages a total of RM1.5 billion (as of 30 June 2021) in Chinese equities. The company has invested in China as early as 2000 where its parent company, Prudential plc, established the first Sino-British insurance joint venture in China.
Units of the Eastspring Investments Islamic China A-Shares Fund are available at RM0.5000 per unit during the Initial Offer Period (“IOP”) from 13 September to 3 October 2021, The price of units after IOP will be subject to market valuations. The minimum initial investment is RM1,000 by lump sum or RM100 by regular investment. The Fund is distributed through Eastspring’s unit trust consultants and selected authourised distributors.
ABOUT EASTSPRING INVESTMENTS
Eastspring Investments is a leading asset manager in Asia that manages over USD 254 billion in assets on behalf of institutional and retail clients (as at 30 June 2021). Operating in Asia since 1994 in 11 major markets plus offices in North America and Europe, Eastspring Investments is the asset management business of Prudential plc, one of the world’s largest financial services companies.
ABOUT EASTSPRING INVESTMENTS BERHAD
Established in 2000 and based in Kuala Lumpur, Eastspring Investments Berhad is one of the leading asset management companies in Malaysia in both institutional and retail, with RM51.5 billion in assets under management in the country as at 30 June 2021. It manages unit trust funds, wholesale funds as well as private mandates.
Source: EASTSPRING INVESTMENTS BERHADFOR MORE INFORMATION, PLEASE CONTACT:Name: Judy YapDirector Brand and CommunicationsTel: 03 – 2789 3389 / 012-2877410Email: judy.yap@eastspring.com --BERNAMA 
