Fund manager Abrdn is cutting out investment exposure to China in one of its emerging market funds to focus on the region more broadly, in an attempt to give investors a greater choice of products as the Chinese market has lagged behind international rivals.
Abrdn will relaunch its Emerging Markets Sustainable Equity fund to exclude China and will rebrand the product the Emerging Markets Ex China fund.
Nick Robinson, deputy head of global emerging markets equities at Abrdn said although China is “home to some fantastic companies”, some investors “want more flexibility in their approach to China”. He added this was “not a call on the Chinese market”.
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