New flavour for funds

The capital guaranteed fund market in Hong Kong has taken a slightly new twist, with the launch of two guaranteed funds linked to a basket of funds by French bank SG, a division of Société Générale.

The performance of the two funds – the Global Managers Guaranteed Fund and the Altus Guaranteed Fund – are both linked to baskets of three funds managed by different asset managers aimed at giving global exposure. While capital guaranteed funds in the Special Administrative Region (SAR) have proved

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