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| The Primera Equity China B Fund is a compartment of the Luxembourg Primera fund, Sicav Part1, but not registered in any country (Belgium, Luxembourg, Netherlands). It is exclusively reserved for Overseas Institutional Investors. |
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| The objective is to deliver strong absolute return by investing in good quality companies listed in China B-shares. The maximum capacity is US$ 150 million. |
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Investment opportunities in China B-share
- An alternative way to invest in China
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- Participating China¨s high growth which we believe will continue into the next decade.
- B-share is reserved for foreign investors without capital repatriation restrictions.
- Although quoted in foreign currency, B-shares are local Chinese companies and
investors can benefit from RMB¨s appreciation. |
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- Bottom-up opportunities
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- Although the B-share market is small and less liquid, we are able to find good quality companies
- Taking advantages of sharp discounts in comparison with A-shares
- Potential of M&A and buy-out opportunities by foreigners |
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| - Potential of a B-share restructuring in the future |
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- B-share may be merged or be converted into A-share in the future restructuring
- Close to such restructuring, share price of B-share may converge with A-share. The
discount to A-share will narrow and eventually disappear, giving B-share investors a
good return in the process |
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| Fund concept: Primera Equity China B |
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- A diversified B-shares portfolio.
- Managed by a locally based investment advisor, Fortis Haitong Investment Management.
- Focusing on bottom-up stock picking. Combining core buy-and-hold positions and
tactical positions. Turnover of the Fund is expected to be low.
- Longer investment period given the low liquidity of the B-share market.
- Suitable for long-term, patient investors. |
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