16.2.12

GF SECURITIES AFFILIATE LAUNCHES 1ST RQFII FUND

AsiaInfo Services
02-03-2012
GF Securities Affiliate Launches 1st RQFII Fund

GUANGZHOU, Feb 03, 2012 (SinoCast Daily Business Beat via COMTEX) -- GF Asset Management (Hong Kong) Co., Ltd., a wholly-owned subsidiary under GF Securities Co., Ltd., recently launched GF China RMB fixed income fund, the first renminbi qualified foreign institutional investor (RQFII) product.

The fund has been publicly sold in Hong Kong since February 2, with minimum subscription amount being CNY 10,000. The interest rate will be distributed every quarter accordingly.

Vice president of GF Securities said because of uncertainty in the Mainland stock market and relatively promising bond market, the fund investment strategy for this year was to spend not less than 90% of the capital in RMB bonds issued in domestic market by focusing on state bonds or bonds rated at AAA.

Source: www.ccstock.cn (February 03, 2012)

KEYWORD: GUANGZHOU INDUSTRY KEYWORD: Investing & Securities SUBJECT CODE: Investing & Securities
Security Brokering
SinoCast China Business Daily news
Subsidiary
fixed income fund
interest rate
state bond

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