Aberdeen to manage The Greater China Fund
Aberdeen Asset Management Asia has assumed responsibility for the management of The Greater China Fund, effective 9 January, following the special meeting of stockholders held on 8 January.
The Greater China Fund is a closed-end investment company listed on the New York Stock Exchange with current total assets of approximately USD325m.
"We are delighted that the fund's shareholders have approved Aberdeen's appointment as fund manager," says Gary Marshall, head of Americas at Aberdeen. "We look forward to bringing our knowledge and experience of investing in China and the greater Asia-Pacific region to the fund. Aberdeen established its presence on the ground in Asia in 1992 when it set up its Asian regional headquarters in Singapore and we've expanded our capabilities throughout the region ever since: Aberdeen's first dedicated Chinese equity fund was originally launched in 1992. Every year, Aberdeen investment managers visit more than 1,000 Asian companies, including those in China."
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