The Chinese mutual fund blockbuster is back

Recent launches of equity mutual funds in China have fared well. Now the market is abuzz with rumours that Guangfa Fund Management, a Guangdong-based fund management company established in 2003, is on track to raise Rmb12 billion ($1.5 billion) in a new fund launch that began last week.This figure could not be confirmed, as the one-month marketing period only began on Monday, May 7, and Guangfa officials could not be reached by press time.What is certain, however, is that equity funds…