The Chinese mutual fund blockbuster is back

Guangfa is rumoured to have raised over Rmb12 billion for its new equity fund - shades of 2004Æs boom and bust, or is this something more durable?
May 14, 2006
Recent launches of equity mutual funds in China have fared well. Now the market is abuzz with rumours that Guangfa Fund Management, a Guangdong-based fund management company established in 2003, is on track to raise Rmb12 billion $1.5 billion in a new fund launch that began last week.

This figure could not be confirmed, as the one-month marketing period only began on Monday, May 7, and Guangfa officials could not be reached by press time.

What is certain, however, is that equity funds in China are hot once more. Peter Alexander of Shanghai-based consultancy Z-Ben Advisors estimates that the Guangfa fund IPO will help drive total fund assets raised year to date over Rmb100 billion,...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222