Schroders RMB fund raises US$ 750 million; exclusively marketed by UBS and Merrill Lynch

2 December 2010 | 1 minute read

A Schroders RMB fund, domiciled in the Cayman Islands and allowing exposure to both RMB and relatively undervalued A Shares has been fully subscribed. The fund raised a total of US$ 750 million and was exclusively marketed by UBS and Merrill Lynch. While UBS has confirmed its involvement in the fund, industry insiders speculate that it took “the lion’s share”…

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