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Abrdn to cut China from emerging markets fund
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Abrdn to cut China from emerging markets fund
Sep 22, 2024 9:11 AM

LONDON, Sept 20 (Reuters) -

British fund manager abrdn is cutting out

investments to China from one of the company's emerging market

funds, in response to client demands for greater choice in

managing their exposure to the country, the company said in a

statement.

Abrdn ( SLFPF ) will relaunch its Emerging Markets Sustainable Equity

Fund to exclude China and re-brand the product the Emerging

Markets Ex China fund, the statement said.

Abrdn ( SLFPF ) said the decision was about giving clients

flexibility, and did not reflect a call on the Chinese market.

The move nonetheless comes against a backdrop of rocky

conditions for Chinese investments in recent years, after a

downturn for the country's economy.

Nick Robinson, deputy head of global emerging markets

equities said: "we do appreciate that some investors want more

flexibility in their approach to China. So, this is ultimately

about choice."

The Financial Times first reported the move.

Abrdn ( SLFPF ) will continue to offer China exposure across a

range of other funds, the fund manager added.

(Reporting by Chandni Shah in Bengaluru and Iain Withers in

London, Editing by)

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