FUELLED by big demand for China-linked stocks, the US-listed Templeton China World Fund has more than quadrupled from US$60 million to more than $260 million. The increase made the newcomer on the New York Stock Exchange the largest listed China fund in the world. Shares in the fund started trading on Thursday at $15 each. They ended unchanged. The fund's investment manager, Templeton Investment Management (Hong Kong), said yesterday more than $260 million was raised for the fund. This compares with $60 million proposed in the preliminary prospectus on August 20. A Templeton Investment official said that in response to the huge demand, the fund issued about 19.2 million shares, instead of the four million proposed in the preliminary prospectus.
