Lion FMC's gold fund tipped as fundraising surprise of 2010

Dec 13, 2010

The firm attracts Rmb800 million on its first day of fundraising, with consultancy Z-Ben Advisors saying this could herald the start of inflation-hedging as an investment strategy.

Lion FMC’s Global Gold Fund attracted almost Rmb800 million ($120 million) on its first day of fundraising on December 10, with such a strong result possibly pointing to the start of inflation-hedging as a product-development strategy.

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