Mainland mutual funds gathered a record RMB 8.52trn ($1.28trn) in assets last month after experiencing a net outflow in the first half, according to data from the Asset Management Association of China.
Category: Fund news
Asia Region Funds Passport still going nowhere
The clock is ticking for the five countries – Australia, Japan, Korea, New Zealand and Thailand – to come up with agreed tax guidelines under the ambitious Asia Region Funds Passport (ARFP) scheme.
Pictet AM unveils its first HK-domiciled fund
The firm has launched a multi-asset income fund and has high expectations for emerging Asia equities over the next five years.
China ETFs gain traction
Mainland exchange trade funds reported strong August inflows, in particular the first ETF tracking China’s State-owned enterprises.
Schroders rolls out China-focused multi-asset fund
The firm believes improving investor sentiment for China and the demand for income will attract investors to its China Asset Income Fund.
The promise of cross-border ETFs
ETF trading on the Shenzhen-Hong Kong Stock Connect still has many unknowns, but the hope is that the passive offerings will encourage mainland investors to look beyond money market products, said Jackie Choy, Morningstar director of ETF research for Asia.
Northbound MRF fund sales set record in July
The four Hong Kong-domiciled funds selling in the mainland through the Mutual Recognition of Funds scheme drew RMB 1.1bn ($166m) of net sales in July, the highest since the sales started at the beginning of the year, according to the latest data from State Administration of Foreign Exchange.
Money still leaving China-focused funds
One year after the surprise yuan devaluation and subsequent market crash, $4.5bn has flowed out of funds focused on China equities, according to data from Morningstar.
More China insurers move into mutual funds
Two more mainland insurers have set up a mutual fund business in July.
Fund managers unmoved by BOJ announcement
The Bank of Japan’s unsurprising move last Friday is a relief for banks, but fund managers are not adjusting their portfolios.
