APG and E Fund explore outside investment for China A-shares

APG and E Fund Management are cautiously exploring the possibility of opening their €900m China A-Shares strategy to like-minded institutional investors and are already in discussions with one entity, according to both organisations.

The strategy has returned 10–12 percentage points above benchmark on an annualised basis since inception, and currently holds around 27 stocks, according to Ronald van Dijk, deputy CIO at APG. The strategy was billed as China’s first concentrated equity fund with an ESG focus when it was launched in September 2017.