Guaranteed mutual funds had been a hit in Europe long before they arrived in Hong Kong, so it is no surprise that innovative funds reaching our fragrant harbour are imports from France.
A fortnight ago, SG produced a guaranteed fund based on volatility. This week it is the turn of Credit Agricole Asset Management, and it is offering an exposure based on inflation, says Nicolas Sauvage, director and head of regional sales, marketing and client servicing.
Two years ago the $166 billion CAAM, then known as Indocam, introduced the first guaranteed funds linked to inflation indices to France, and is now bringing two funds to Hong Kong, tracking the US and Australian consumer price...
