Fidelity has a new closed-end fund to offer its U.K. customers: a $950 million China fund.
The Fidelity China Special situations will invest in a portfolio of China and Hong Kong-listed securities and will be managed by the U.K. version of Warren Buffet, Anthony Bolton (no relation to Micheal).
I’m not suggesting that anyone invest in this fund. What I am pointing out is that another billion dollars of investment money is going to be pouring into Chinese stocks.
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