Invesco China JV raises $1.77 bln for investment via Stock Connect

April 14, 2015 8:29 AM

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SHANGHAI, April 14 (Reuters) - Invesco Ltd's China fund venture has raised about 11 billion yuan ($1.77 billion) for China's first mutal fund product to buy Hong Kong stocks under the Shanghai-Hong Kong Stock Connect, said two sources with knowledge of the situation.

The fund will be the first of its kind after Beijing in late March allowed domestic mutual funds to invest in Hong Kong via the Connect. The fund was launched by Invesco Great Wall Fund Management, which completed its subscription process on Monday.

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