New fund for small and medium-sized enterprises in China
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Dec. 17, 2009 (China Knowledge) - HSBC Jintrust Fund Management Co, a joint venture between HSBC Global Asset Management and Shanxi Trust and Investment Corp, said yesterday that it has raised RMB 2.25 billion for a new fund which focuses on small and medium-sized companies listed in domestic stock exchanges.
HSBC Jintrust Small-Mid Cap Equity Fund, established on Dec. 8, will invest between 85% and 95% of its funds in equity markets. The new fund will invest in the consumption sector, export-related industries such as electronics and textiles, as well as energy saving and environmental protection industry. Shanghai-based HSBC Jintrust said that China launched nine open-ended actively managed equity and balanced funds with an average size of RMB1.98 billion in October and November. HSBC Jintrust, set up in November 2005, has a registered capital of RMB 200 million. |
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