Azimut launches Renminbi Opportunities fund

Pietro Giuliani

Azimut a leading Italian asset management company has launched a Renminbi Opportunities Fund. The fund is Azimut's first since establishing a direct presence in Hong Kong and Shanghai, targeting European businesses with industrial and commercial relationships with China and is a sub-fund of the Luxembourg company, AZ FUND investing in banking deposits in Renminbi or in government and corporate bonds in the same currency and with a short duration.

Azimut's Renminbi Opportunities Fund offers direct exposure to the Chinese currency through a UCITS III vehicle, diversification of investment through a new currency and asset class displaying strong growth, whilst delivering limited volatility with relation to Chinese equities' funds and unlimited liquidity. In it's first phase the fund targets businesses with industrial and commercial relationships with China and has an Institutional minimum investment of €250,000 and soon the fund will be open to retail clients.

Azimut's Chairman and CEO, Pietro Giuliani says, "Product innovation, characterizes Azimut Group, and is a strategic component of our international presence; launching new products which offer existing and prospective clients new possibilities to reach asset classes normally reserved to institutional investors. It's a tangible sign of a multinational dimension which we are pursuing cautiously yet well determined".