China Life AMP Asset Management Company, the joint venture between AMP Capital and China Life Asset Management Company, has launched its inaugural mutual fund, China Life AMP Money Market Fund.
The new fund aims to invest in a range of short-term investments such as liquid short-term bonds and cash deposits on behalf of both retail and institutional customers.
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The fund raised RMB11.9 billion (US$1.89 billion) during its initial public offering period in December 2013. The minimum investment for investors is RMB1,000.
Stephen Dunne, CEO of AMP Capital, said: "The China Life AMP Money Market Fund analyses macroeconomic factors, monetary policy and credit supply to make a judgment on the trend of the yield curve while taking into consideration liquidity and the risk profile of different instruments.
"It will appeal to investors who are looking for both yield and liquidity. We are very pleased with the level of support we’ve seen and look forward to providing Chinese domestic investors with additional investment products down the track."
China Life AMP Asset Management Company will offer retail and institutional investors in China access to investment solutions initially in domestic listed equities and fixed income and benefits.
