Planned AC One China Fund aims to forecast changes in Chinese economy

By Toni Weeks

San Diego, Dec. 30 - Managed Portfolio Series announced plans for a new fund that will attempt to identify and forecast changes within various sectors and industry groups of the Chinese economy before the markets react to such changes.

According to an N-1A filing with the Securities and Exchange Commission, the AC One China Fund will launch in March with investor class and institutional class shares.

The fund seeks to provide capital appreciation and income and will invest at least 80% of its net assets, plus any borrowings for investment purposes, in the equity securities of issuers located in China or that are economically tied to China.

The portfolio managers will be Patrick Pascal, Woon Sang Baik, Frederick J. Ruopp Sr., Frederick J. Ruopp Jr. and Wonmyoung Lee.

Investor class shares will carry a maximum sales charge of 5.5%, whereas the institutional class will not incur a sales charge. Both classes will have a redemption fee of 2% of the amount redeemed within 60 days of purchase.

Management fees for both classes will be 1.25%. Total annual fund operating expenses have not yet been finalized.

The fund's investment adviser is Los Angeles-based AC One Asset Management, LLC.

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