Global Asset Management (HK) says it is consulting a number of banks and insurance companies on how it might be able to help in the MFP market.
The company does not expect to become a major player but, like other fund managers, it expects to have an important role in providing fund management.
'Our resources are not geared towards providing the necessary administrative and dealing support for the scheme,' Alan Liu, director of GAM Institutional (Asia Pacific), said.
'Instead of competing against banks and insurance companies, we try to fit in with their plans by providing the suitable mutual funds for employees' choice which will be an important part of the MPF scheme.' Mr Liu said GAM offered 14 authorised funds in Hong Kong investing in the major equity markets.
He said funds suitable for employees under the scheme would include GAM's global, regional and single market funds for major markets such as Japan and the United States.
Global Asset Management (HK) mutual funds marketing director Betty Yeung said products such as the GAM Universal Fund and the GAM Pan European Fund would be best suited for the scheme.
She said: 'The MPF is a long-term scheme, so you should not put the savings in any risky investments.' Ms Yeung said there was still a lot of work to be done on the scheme before the details were finalised.
