Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Chinese Asset Manager Breaks into U.S. Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, June 11, 2013

Chinese Asset Manager Breaks into U.S.

Reported by Nicole Spector

In a noteworthy first effort, the China-based Harvest Fund Management is branching out to the U.S.

The asset management firm has launched Harvest Krane, a joint venture between Harvest's international subsidiary, Harvest Global Investments and a team headed by Jonathan A. Krane will distribute China and Asia-focused mutual funds to institutional and retail investors in the U.S.

The first product to be rolled out is Harvest Funds Intermediate Bond Fund (HXIIX), which is posed for long-term total return through a combination of capital appreciation and current income by investing in investment grade and high-yield, high-quality China bonds.


Company Press Release

Harvest Launches U.S. Distribution

Leading Chinese Asset Manager Brings China and Asia-Focused Mutual Funds To U.S. Institutional and Retail Investors through Pioneering Joint Venture

NEW YORK--(BUSINESS WIRE)--Harvest Fund Management (“Harvest”), one of China’s leading asset management companies, today announced that it has launched Harvest Krane, a pioneering joint venture between its international subsidiary, Harvest Global Investments, and Jonathan A. Krane and his team of industry veterans, which will distribute China and Asia-focused mutual funds to institutional and retail investors in the U.S.

The first offering in the U.S. is the Harvest Funds Intermediate Bond Fund (HXIIX) (the “Fund”) advised by Harvest Global Investments. The Fund’s investment objective seeks long-term total return through a combination of capital appreciation and current income by primarily investing in investment grade and high-yield, high-quality China bonds. The Fund marks the first time that an investment product actively managed by a Chinese asset manager is available in the U.S. Harvest Global Investments and Harvest Krane are working together on additional fund launches designed to bring a broad range of professionally managed Chinese and Asian investment opportunities to help investors in the U.S diversify their portfolios.

“We are extremely excited and proud to enter the United States market. We have created a unique, first-of-its-kind platform that allows U.S. investors to diversify into the compelling long-term growth trends in the Chinese and Asian economies through funds managed by Harvest professionals based in China,” said Henry Zhao, Chief Executive Officer of Harvest Fund Management. “We will deliver to U.S. institutional and retail investors an invaluable perspective and insight into Asia and China, the world’s fastest growing major economy, through our leading portfolio managers on the ground, while at the same time introducing the U.S. investment community to our international subsidiary Harvest Global Investments.”

“Our Harvest Krane joint venture, headquartered in New York, has been built from the ground up for this purpose,” said Peng Wah Choy, CEO of Harvest Global Investments. “It brings world-class U.S. investment sales and management talent together with Harvest’s international distribution team, with a singular focus on building trusted relationships that aim at delivering results. We are very pleased to partner with Krane in that effort,” Peng Wah Choy continued.

“Most U.S. investors are under-allocated to China and Asia, particularly in light of China’s growing role in the global economy,” said Jonathan A. Krane, Chief Executive Officer of Harvest Krane. “The opportunity to close that allocation gap is extraordinary. We are delivering to the U.S. investor community income and growth opportunities from the Chinese and Asian capital markets, leveraging our local Chinese research and managers.” 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2019: Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use