Merrill Lynch aims to woo the sophisticated

Article Abstract:

Merrill Lynch Asset Management Inc. has created a new retail mutual fund called the Asian Total Return Fund to provide diversified Asian asset classes to foreign investors. Unlike other fund houses, the retail fund is available only to institutional and corporate groups and will not post significant returns due to its low-risk nature. About 65% of the funds will be allocated to Southern Asian markets while the remaining 35% will be spread to the other Asian countries. Hong Kong-based senior fund manager Adrian Churn is the manager of Asian Total Return Fund.

Management, Merrill Lynch Asset Management Inc.

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Valuation gap sighted in Hong Kong: small-, mid-capitalization holdings beat average returns in past year

Article Abstract:

Schroder Hong Kong Smaller Companies Fund reports solid earnings for 1996 and the fact that the fund beat average equity fund return by 11% signals that a valuation gap may be forming in the Hong Kong markets. Small and Mid-capitalization companies have been unattractive business investments because of the general impression that these companies are poorly managed, have low liquidity and have poor transparency. The returns that the mutual fund posted may force investors to reconsider investing in these companies.

Hong Kong, Securities, Schroder Hong Kong Smaller Companies Fund

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U.S. fund firms court China: eyeing cash-rich stockpiles, aim is to open Beijing market

Article Abstract:

American mutual fund companies are anxiously awaiting the opening of the Chinese market to international trade. China has an annual savings rate of 35% and is characterized by little investment opportunities which means that the country has a lot of potential for foreign investment. The Chinese market however, is slow in opening up its markets to international entities, but companies remain optimistic.

China, Foreign operations, Foreign investments

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