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Chinese giant sets up first European mutual fund

Launch represents the latest step in the international expansion of Harvest Global Investments, which is 30% owned by Deutsche Bank

Chinese giant sets up first European mutual fund
Photo: iStockPhoto

Harvest Global Investments, one of the biggest fund managers in mainland China, is pressing ahead with its aim of managing European consumers' investments in its homeland, with the launch of the first fund from its London office.

Harvest is launching its China Evolution Equity Fund for sale to investors in the UK, Luxembourg, Finland and Switzerland. The fund will invest in mainland China via Harvest's international subsidiary in Hong Kong, using the "stock connect" services set up between the territory and the stock markets in Shanghai and Shenzhen in the past few years.

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