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)