HK firms create 'non-mainstream' China mutual fund
Convoy Asset Management and Zeal Asset Management are seeking to raise HK$100 million for a fund made up of non-mainstream stocks to tap China’s economic growth.
An independent financial advisory firm has joined forces with a fund management team in Hong Kong to launch an open-ended mutual fund for retail investors to tap into China’s economic growth.
Although there are more than 100 China-focused mutual funds in the Hong Kong market, the financial adviser, Convoy Asset Management, claims that this is a fund with a difference.
“Most of these China funds have picked constituent stocks of the MSCI China Index, with the top 10 holdings of some …
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