Value Partners, which has more than $7.2bn assets under management, launched the new UCITS fund in June this year, the firm said.
Value Partners chief executive officer Timothy Tse said that given the current challenging macro environment and the European sovereign debt crisis, investors are keen to explore fund products that have an Asian focus and exposure.
"This UCITS fund provides investors with an opportunity to access the strong growth potential in Greater China at a relatively attractive valuation through a well-recognized, regulated vehicle. We are confident that Citi’s global custody network, coupled with its regional expertise and scalable fund services platform will bring added value to our investors," Tse added.
Currently, Citi is providing fund administrative services and has more than $1.5 trillion in assets under fund administration.
Citi’s global head of securities and fund services client sales management Dirk Jones said as investors continually look for new investment opportunities across multiple geographies and emerging markets, Citi’s on-the-ground presence in over 100 markets can help leading fund managers such as Value Partners expand their reach and business.
"This mandate is testament to the strength of our global network as well as our robust fund services platform. We look forward to leveraging these resources to help Value Partners achieve their growth objectives," Jones added.
