UBS aims for China fund

Switzerland's UBS Asset Management looks set to open a fund in China by the end of the year.

That's according to Reuters, who report that UBS plans to open a private fund in the country, which will invest in either bonds or stocks.

Switzerland's UBS Asset Management looks set to open a fund in China by the end of the year. [File Photo: qq.com]

They quote Aries Tung, head of China strategy at UBS Asset Management, as saying:

''We help foreigners invest in China, and also help Chinese invest overseas. Now, we will help Chinese invest locally.''

The attractions of opening investment funds in China's fast-growing economy are clear.

European investors have made huge returns in the country.

British registered investment funds were amongst the best performing in China, with a 19 percent average return figure being significantly higher than expectations for such investments.

Indeed, the Financial Times reported that ''funds investing in China delivered the best returns to UK investors in the first half of 2017.''

Sturdy economic growth in China has been credited with boosting returns, alongside measures taken by the Chinese government to ease access for foreign investors to the Chinese domestic market.