With equity funds proving a tough sell in China, Shanghai-based Fullgoal is moving to develop structured hybrid bond products, but will also launch more equity strategies this year.
As the fallout from last month's Shanshui Cement default continues, mainland asset managers are being urged to strengthen their credit analysis capabilities.
The Chinese asset manager will set up a range of Luxembourg Sicav funds by the end of the year in a move to target European investors.
China’s structured funds have been suffering from significant losses due to their leverage and volatile A-share prices. Market observers say tighter listing rules and more investor education is urgently needed.
The Canadian bank is looking to become an equal partner vis-a-vis Fullgoal''s existing five shareholders.