Fullgoal Asset Management has received approval from the Securities and Futures Commission (SFC) to offer the Fullgoal China Small-Mid Cap Growth Fund to Hong Kong’s retail investors.
This will be the firm’s first retail fund in Hong Kong.
The China Small-Mid Cap Growth Fund is a Luxembourg-domiciled Ucits Sicav product and was launched in 2016 to professional investors.
The product is co-managed by chief investment officer Zhang Feng and fund manager Ning Jun, both of whom are based in Hong Kong.
Strategy
At least two-thirds of the fund invests in Hong Kong- and US-listed stocks of companies with operations mainly in China, Hong Kong or Macau.
The top three holdings — Shanghai Fudan Microelectronics, New Oriental Education and Alibaba — make up almost 20% of the entire portfolio.
The managers may also invest up to 30% of its assets in China A-shares via the Hong Kong-China connect schemes or through the renminbi qualified foreign institutional investor (RQFII) programme.
Our sister publication Fund Selector Asia sought more information, but the firm was not able to provide more details in time for publication.
For more insight on asset and wealth management in Asia, please click on www.fundselectorasia.com
