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