MILAN, Sept 17 (Class Editori) - Neuberger Berman, the independent and totally employee-owned fund manager with assets under management worth about 357 billionU.S. dollars, has launched the new Neuberger Berman China A-Share Equity fund managed by Ning Meng, a senior portfolio manager with a 19-year-old experience in the sector.
The investment strategy selects the best quality companies, managed by a highly experienced team, with constant long-term performances characterized by strong businesses, in order to benefit from the strong domestic growth supported by government policies and sectoral trends. The Fund relies on a high conviction approach driven by bottom-up fundamental research.
The fund's benchmark is the MSCI China A (Onshore) Index. The portfolio is made up of 30-50 stocks and aims at a tracking error of 4-8 percent. Working alongside Neuberger Berman's global ESG team, the fund will also regularly review the ESG (environment, social, governance) score of its investment portfolio.
Ning Meng manages the portfolio from Shanghai and is supported by a team of analysts with an extensive network of local relationships and expertise that can rely on the company's equity research division based in Taiwan and Hong Kong, covering the communications, consumer, financial, industrial & IT sectors, but also by the team dedicated to equity investments in emerging countries.
"We select high quality Chinese companies and this guarantees us a long-term positioning. This strategy is particularly suitable to China, because the A-share market is deeply volatile and it often gives the opportunity to take positions in these companies at affordable conditions", Meng explained, "we see, in particular, a strong growth potential in 'new infrastructure' and in the real estate sector".
"Between the economic crisis caused by COVID-19 and the trade tensions with the USA, the new technologic infrastructure projects supported by the government, which include artificial intelligence, 5G, the Internet of Things (IoT) and charging stations for electric vehicles, are going to become the driving factors for China's long-term economic growth", the fund manager has added.
Jose Cosio, Head of Intermediary for the EMEA area and Latin America, has added: "The Chinese A-share market is now the second largest market worldwide in terms of market capitalization and average daily turnover. It has become incredibly popular among international customers who want to have access to the many best-managed Chinese companies within the Chinese market."
Last April, Neuberger Berman applied to the China Securities Regulatory Commission in order to establish a company to manage and sell mutual funds in China; the chief of the Asia-Pacific area, Nick Hoar, stressed that he sees "China as an important market opportunity", by reiterating the long-term commitment of the group to creating a full-service asset management company in the country.
(Source:Class Editori)
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