HFT looks overseas in bid for asset growth

Mainland retail investors are making heavy withdrawals from their mutual fund investments amid poor returns from the share market, but HFT Investment Management, one of China's oldest mutual fund managers, is looking to more than double its assets in three years.

The fund aims to grow assets under management from the current 85 billion yuan (HK$105.81 billion) to more than 200 billion yuan by the end of 2016, hoping to tap overseas institutional investors to fill the gap resulting from the outflow of domestic retail investors, said chief executive Tian Rencan.

via Business feed http://www.scmp.com/business/china-business/article/1257325/hft-looks-overseas-bid-asset-growth