Veritas Asset Management is launching a long/short China fund at the beginning of October.
The Veritas China fund will be managed by Ezra Sun, working closely with Raymond Foo in Hong Kong.
It will invest in equities in China and Hong Kong, and will be structured as a Ucits III vehicle. The managers will take a thematic approach to investing, looking at social, political and economic themes within the region. They will seek stocks with earnings momentum and dividend yield.
The fund will sit alongside the group’s existing Asia strategies, the Asian fund and the Real Return Asian fund.
The China fund will target an annual return of between 15% and 20%. Veritas plans to cap it when assets under management reach $500m (£307m).