The fund is managed by 13 portfolio managers, strategists, research analysts and traders, based in Shanghai and Hong Kong. Led by managing directors Yulin Yao and Lihui Tang, the fund will invest in 30-50 large- and mid-cap equity securities in the Greater China region. The team will employ a bottom-up, research-driven style with a value bias and has the latitude to invest in securities beyond the MSCI China index.

According to Yao, the team will focus on two broad themes where it believes domestic demand will benefit from economic growth: Consumption-driven sectors, including agriculture, autos, entertainment, food and beverage, healthcare, and retail and infrastructure, which includes equipment, machinery and utilities.

"We believe valuations for domestic and overseas-listed Chinese equities are at their lowest point in recent years, at roughly half their historical averages, and we think this is a great time for US investors with a longer-term outlook to consider investing in the Greater China region," Yao said.

Neuberger Berman is a privately-owned investment manager, with $214 billion in assets under management as of June 30, 2013.