Neuberger Berman is to hard close its NB China Equity fund to new investment following a soft close in September, as the product approaches its $1.5bn capacity limit.
The fund was soft-closed at around $1.1bn on 19 September but the firm said the size of the vehicle has continued to increase to near its limit of $1.5bn. As a result, the firm said it would close the fund to all subscriptions from 18 October 2017. However, it will remain open to redemption and exchange requests. Existing investors are advised to contact their investment manager if they wish to invest further in the event of capacity becoming available in the future. John Redwood: Why China now faces more difficult decisions There will be no change to the investment policy and ...
To continue reading this article...
Join Investment Week for free
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes