Fortune SG has plans for much-expanded asset base
The Chinese firm posted faster AUM growth than any other fund house in Asia last year, with a fourfold increase overall and a 13-fold rise in its flagship money market fund. It has several launches planned.
As the fastest-growing asset manager in Asia Pacific in the year to end-September, Fortune SG saw its AUM leap fourfold to $41.8 billion from $10.3 billion, largely due to institutional flows into a single money-market fund.
In order to tap its newly expanded client base, the firm intends to launch a range of equity and commodity exchange-traded funds and bond funds in 2016.
The firm’s Xianjin Tianyi MMF jumped 13-fold from Rmb15.6 billion ($2.4 billion) to Rmb217 billion year-…
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