Fidelity Launches Key China Fund in Bet on Retirement Boom

Fidelity International Ltd., one of the world’s biggest pension managers, is taking a key first step in the Chinese market to tap a growing thirst for retirement solutions as the aging of the world’s second-largest population quickens.

The firm’s Shanghai-based unit said on Thursday it has set up its first multi-asset public fund of funds that caters to investors seeking stable returns for retirement. It’s based on a strategy the company said can readily produce products eligible for the nation’s fledgling individual pension plan once it wins regulatory permission.

In an early sign of strong investor demand, the ...