OMGI renames Lee's China fund as part of mandate revamp

More focus on mainland China

Old Mutual Global Investors has renamed Diamond Lee's Greater China Equity fund and changed the mandate to focus more on mainland China.

The $67m fund, run by Lee (pictured) since January, will become the China Equity fund from 20 November.  This will also see a change in the fund's remind, giving it more flexibility to invest in equities related to mainland China and removing the specific minimum exposure requirements to Taiwan. The fund currently has 48% allocated to China, 15% in Taiwan and 22% in Hong Kong. The fund's benchmark is also changing from the MSCI Golden Dragon index to the MSCI Zhong Hua 10/40 index. MSCI index shake-up challenges China managers Lee said he expects China to become increasingly ...