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KUALA LUMPUR: UOB Asset Management (M) Bhd (UOBAM Malaysia) has launched the United Great Dragon Fund to provide retail investors with access to China-listed companies set to become the future growth drivers of China’s economy.
The fund invests primarily in UOB Asset Management Ltd’s United China A-Shares Innovation Fund (target fund), which focuses on companies in China’s A-shares market.
"These companies are likely to be major beneficiaries of technology, innovation and long-term growth trends such as rising consumer affluence and growing urbanisation,” UOBAM Malaysia said in a statement today.
Chief executive officer Lim Suet Ling said China offers long-term potential for Malaysian investors who seek to capitalise on its growth opportunities.
She said the country is forecast to replace the United States as the world’s largest economy by 2028, as it shifts from an export-driven economy to one that focuses on high-growth industries driven by technological advancements.