Lyxor Asset Management, the subsidiary of Société Générale, has launched a new fund that invests mainly in China-related equities. 

The Lyxor Selection China A Fund was created under the $100 million quota granted by the State Administration of Foreign Exchange in China under its qualified foreign institutional investor licence. 

The fund is open-ended, with an exposure to China A-shares ranging from 70 to 100 per cent of its assets and a minimum investment requirement of $3,000. A-shares are generally available only to Mainland citizens and foreign investment is only allowed through the QFII system. 

Fortune SG Fund Management has been chosen as advisor of the management of A-shares portfolio. Fortune SG is a joint venture between Baosteel Group and Société Générale Group and currenctly has RMB36.7 billion ($5.8 billion) in assets under management.

Lyxor Asset Management focuses on four core areas of asset management: tracker funds, structured funds, alternative funds and quantitative management.