Fund launches & closures

Fuh Hwa eyes Greater China small cap space with $40m launch

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Fuh Hwa SITE Asset Management (Hong Kong) has rolled out a -China small cap fund with $40 million in initial assets.

The fund will target non-index stocks listed in the Greater China equity markets, and combine short selling of individual shares and index futures.

Small to medium-size companies in China have a simpler management hierarchy and faster decision-making process. They often gain a significant market share in niche markets and benefit from the Chinese government's increasing support in terms of financing and preferential tax arrangements.

Most of these small and mid-cap companies are in consumer-related industries, and are