Hedge Funds Review Magazine- Magnum has launched the Magnum China Fund, a fund of funds that seeks to make substantial gains by investing in several of the top-performing funds that have interest in the Greater China region. Many of these funds would be difficult to access directly due to lack of capacity or restrictively high minimum investment levels.
China’s economic growth rate has averaged 9% since the start of the 1980’s, and is currently over 10% a year. China’s savings rate is over 35%, compared to just 2% in the U.S., and 40% of China’s output goes to exports, resulting in no crippling foreign debt. China attracted nearly $70 billion in direct foreign investment during 2006, which, combined with its trade surplus, has brought Beijing’s foreign currency reserves to over $1.3 trillion, the largest in the world. In one decade, China’s manufacturing base for durable goods increased 100-fold, and China’s fixed assets — ports, bridges and roads — are doubling every 2 1/2 years.
