Barclays Gartmore's China Opportunities Fund proving popular

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Barclays Gartmore's China Opportunities Fund proving popular

This year - the Chinese year of the pig - is set to see a continuing trend of investment in Chinese funds rather than money being placed in the old piggy bank.

This is the opinion of Philip Northey, director of Barclays Stockbrokers, who believes that the "significant increase in demand" seen last year will carry on into 2007.

At present, the most popular Chinese fund with Barclays investors is the Gartmore China Opportunities Fund. Last year saw asset investment in the Chinese fund sector grow by 220 per cent.

Henk Potts, equity strategist at Barclays Stockbrokers, stated: "Reforms to China's financial structure - and elsewhere - are setting the scene for a new wave of development, helping consumption to pick up strongly."

The Chinese economy is buoyed by an "increasingly wealthy consumer base", according to Mr Potts and considering that the country has a population of some 1.3 billion, this represents a huge market to be tapped into.

Barclays Gartmore's China Opportunities Fund was ranked 10th for all funds last year and since 2005 has seen 164 per cent growth in investment.

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