CMG, SSB Citi try to lure Hong Kong's savings dollars

CMG, SSB launch guaranteed healthcare funds aimed at Hong Kong market.
CMG First State Investments and SSB Citi Asset Management have both launched funds aimed at parting cautious Hong Kong residents from their bank savings. Both offer prospective investors an opportunity to bet on health and biotechnology stocks with limited risk to their capital.

CMG's guaranteed health and biotechnology fund plans to invest 80% of the fund in treasury bonds and the remaining 20% in 43 actively managed drug, biotech, specialty pharmaceutical and medical technology stocks. Of these, 60% will be pharmaceutical stocks and 14% biotechnology stocks. As long as investors don't withdraw their money before the fund matures in March 2004 they will get back, at a minimum, their principal, minus...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 3 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222

Share our publication on social media
Share our publication on social media