Baillie Gifford unveils China fund

The vehicle will be structured as an Oeic and managed by the group's emerging markets team, headed by Richard Sneller. He is also joint manager of the Emerging Markets Growth and Emerging Markets Large Cap Companies funds. The new fund will aim to achieve capital growth primarily through holdings in China, Hong Kong and Taiwan. The portfolio will typically have around 60 holdings, but the manager can take it down to a more concentrated 40 if he is finding fewer stock opportunities. The benchmark will be the MSCI Golden Dragon index. The group had delayed the launch of the fund b...