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The fund was originally launched in November 2008 as part of a renewed focus on single-country and regional strategies.

Baillie Gifford said with China rising in the economic sector, now was the perfect time to try and attract inflows from a wider investment pool.

The product is a sub-fund of the Baillie Gifford Overseas Growth funds and is managed by Mike Gush and Richard Sneller.

The portfolio invests directly and indirectly in companies listed on the stock exchanges of mainland China, Hong Kong and Taiwan, as well as those securities listed on other exchanges, but that derive their main revenues or profits from those countries.

Mr Gush said the re-emergence of China as a world economic power was "perhaps going to be the single-biggest investment opportunity we have seen for a generation".

He added: "It is very likely that it will be the most important global economic event since the Industrial Revolution."

Ken Edwards, head of intermediary sales, conceded Baillie Gifford may be a little ahead of the curve in being so bullish on China, but added he was confident it was a strong asset class in the making.

The fund's A share class has a minimum investment of £1,000 and a reduced initial charge of 3 per cent on direct sales to retail clients from July 1 to August 28.