Neuberger Berman, the US money
manager, has launched the Greater China Equity Fund, a mutual fund for US investors investing in equity securities from
mainland China, Hong Kong, Taiwan,
and Macau.

The fund is managed by 13 portfolio managers, strategists, research
analysts and traders, based in Shanghai
and Hong Kong. Led by managing directors Yulin Yao and Lihui Tang, the fund will invest in 30-50 large- and
mid-cap equity securities in the Greater China region. The team will employ a
bottom-up, research-driven style with a value bias and has the latitude to
invest in securities beyond the MSCI China index.

According to Yao, the team will focus on two broad themes where it
believes domestic demand will benefit from economic growth: Consumption-driven
sectors, including agriculture, autos, entertainment, food and beverage, healthcare, and retail and infrastructure, which includes equipment, machinery and
utilities.

"We believe valuations for domestic and overseas-listed Chinese
equities are at their lowest point in recent years, at roughly half their
historical averages, and we think this is a great time for US investors with a
longer-term outlook to consider investing in the Greater China region," Yao said.

Neuberger Berman is a privately-owned investment manager, with $214 billion
in assets under management as of June 30, 2013.