Ogier advises on "ground-breaking" MegaTrust fund launch

Ogier has advised on the launch of Hong Kong-based MegaTrust's new fund focusing on China A-shares.

Partner Kate Hodson led the Ogier Hong Kong team advising on the Cayman law aspects of the launch of Yangtze Fund IV by MegaTrust Investments, a boutique fund manager specialising in Chinese equities.

The fund is utilising a Cayman structure to trade A-shares through China-Hong Kong Stock Connect, a cross-border access scheme that has been available since 2014 and covers roughly 1,500 A-share stocks. The fund is MegaTrust's  first China A-share equity fund for foreign investors.

"We were impressed by Ogier's professionalism and execution", said Qi Wang, CEO of MegaTrust Investment (HK), the investment manager of the Fund.

"This is a ground-breaking product and yet Ogier efforts assisted to ensure a smooth launch of this fund."

Ogier's team worked with Proskauer Rose, lead counsel on the launch.

Kate said: "We were very pleased to advise MegaTrust on their successful launch, building on its impressive track record over the last nine years."