Abrdn China Investment Company: ACIC (formerly Aberdeen Emerging Markets : AEMC and before that Advance Developing Markets :ADMF) aims to produce long-term capital growth by investing predominantly in Chinese equities.
The company invests in companies listed, incorporated or domiciled in the People’s Republic of China, or companies that derive a significant proportion of their revenues or profits from China operations or have a significant proportion of their assets there. The portfolio will normally consist principally of quoted equity securities and depositary receipts although unlisted companies, fixed interest holdings
or other non-equity investments may be held. Investments in unquoted companies will be made where the manager has a reasonable expectation that the company will seek a listing in the near future. The portfolio is actively managed and may be invested in companies of any size and in any sector.
The company is expected to have an ESG rating equal to, or better than, the MSCI China All Shares Index and have meaningfully lower carbon intensity than the Index.
The company aims to outperform the MSCI China All Shares Index in sterling. Its portfolio is expected normally to comprise between 30 and 60 securities (including any unlisted securities held) but may hold up to 100. No individual issuer will represent a greater weight in the portfolio than the lower of (i) 10% or (ii) its weight in the MSCI China All Shares Index (in Sterling) plus 5%, as measured at the time of investment.
We interviewed the fund manager ahead of the launch of the company – you can watch this here
You can access the company’s website here