China’s Fullgoal readies structured hybrid funds

With equity products proving a tough sell in China following the mainland stock market rout, Fullgoal Fund Management is working with banks to develop hybrid structured funds that invest largely in mainland bonds but include other assets to provide a return kicker. The strategies will make bets on interest rate levels, corporate bond arbitrage and initial public offerings, said Huang Cheng, assistant general manager and managing director of strategy and product development.  Sha…