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?
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...
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