TMTPOST – British asset management giant M&G Investments has announced the launch of a new Chinese equity fund, expressing optimism about China as "one of the most attractive long-term stock investment markets globally." M&G said that the fund's introduction comes as China's stock market is at a valuation trough, with many companies increasingly focusing on enhancing shareholder returns. In addition, U.S. firm KraneShares launched the KraneShares Alpha Index ETF on the New York Stock Exchange at the end of August. KraneShares noted that A-shares are undervalued compared to global indices and that investing in Chinese A-shares could offer diversification benefits. They highlighted that A-shares have unique characteristics and are a significant source of alpha returns.