Reuters: China plans 1st "socially responsible" mutual fund

[riky]

China plans 1st "socially responsible" mutual fund
      

SHANGHAI (Reuters) - China's Industrial Fund Management Co
Ltd is planning to launch a fund investing in shares of
"socially responsible" Chinese listed firms, the first mutual
fund product of its kind in the country, state media said on
Tuesday. The company, which earlier this month received
regulatory approval to launch the fund, has not published a
prospectus. But analysts expect it to target companies engaged
in environmentally friendly projects.<div class="feedflare">
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