GFAM Eyes Hong Kong Retail Market

Hong Kong-based GF Asset Management is seeking to convert one of its private funds into a mutual fund.

Hong Kong-based GF Asset Management (GFAM) is seeking to convert one of its private funds into a mutual fund, Asian Investor reports. The move is aimed at venturing into Hong Kong’s retail market, which is otherwise difficult due to lack of brand recognition and track record.

As an alternative to launching a new mutual fund, which is a costlier affair, the investment arm of GF Securities will make the China equity fund available to retail investors. The group’s brokerage unit GF Securities (Hong Kong) may refer clients to GFAM.

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