The Fund is incorporated in the Cayman Islands and is structured as a closed-ended umbrella fund. While the fund is empowered under the Articles to issue its shares in separate classes, there is presently only one class of share that will be issued which is the China Mining Sub Fund. Further Sub Funds will be established as and when considered appropriate by the directors of the Fund.
The investment objective and policy of the fund is to seek long-term capital appreciation from equity investments in the People's Republic of China (PRC) ranging from the energy, metal and mining sectors.
The investment strategy of the Fund includes the identification of a number of potentially related industry sectors in which investment is encouraged by the PRC government.
The listing of the China Energy, Metal & Mining Fund is sponsored by MRM Securities Limited. The Securities are being listed under the regulations for Collective Investment Schemes.
Mr. Andrew Nan, Chairman of Asiavest Resources Management Limited and a Director of the Fund said, "We are excited by the investment opportunities in the PRC energy, metal and mining sectors and are pleased to have raised the profile of the Fund by securing a listing on the internationally recognised Bermuda Stock Exchange."
"The BSX welcomes the Chinese Energy, Metal & Mining Fund, which brings the total number of funds now listed on the Exchange to 130" said Mr. James S. McKirdy, Listing Manager of the BSX.