AmInvest launches new fund to capture consumer demand

The fund will feed into the ICBC CSOP S&P New China Sectors ETF, which tracks the performance of the S&P New China Sectors (A-shares Capped) Index. theSun theSundaily banks Investment news

: AmInvest has launched its New China Sectors Index Fund for investors to ride on the potential growth of consumer and consumer-related sectors in China due to the country‘s rising local purchasing power.

Commenting on the launch, AmInvestment Bank Bhd CEO Tracy Chen Wee Keng said the fund is timely as it is positioned to capture potential new growth sectors of China, which has transitioned from an investment-led to consumption-led growth model. AmFunds Management Bhd chief executive Goh Wee Peng added that demographics and consumer trends will continue to shape China’s consumer landscape for the next decade of growth.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

theSundaily /  🏆 25. in MY

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Partner concerned for health of journalist detained in ChinaSYDNEY, June 2 — The partner of Chinese-Australian journalist Cheng Lei — detained by Beijing authorities since August 2020 — said he has serious concerns about her declining...
Read more »

China halang wartawan tanya soalan pada Wang YiWang Yi ketika ini dalam lawatan kerja rasmi ke lapan negara Pasifik selama 10 hari
Read more »