The Yuebao money market fund had inflows of RMB 623.5bn ($91.8bn) in the first half of 2017 thanks to its 4% yield, according to mainland media.
Tag: Mutual Funds
Taiwanese investors pour into mixed assets
In Q1, mixed asset funds were in demand in Taiwan, while pure equity funds had large outflows, according to estimated fund flow data from Morningstar.
AMAC: China’s mutual funds need revolutionary change
The industry needs to have a “supply-side revolution” as it is now too retail-oriented, focusing on short-term profitability, said Hong Lei, president of the Asset Management Association of China (AMAC).
Allfunds plans Asian expansion from new Singapore hub
Mutual funds platform operator Allfunds Bank has announced plans to expand across Asia by launching an operational hub in Singapore to service a new local business, which will open early next year, as well as businesses in Hong Kong and Taiwan.
Foreign fund managers gaining traction in Taiwan
Despite rising hurdles to launch offshore funds in Taiwan, some foreign managers are making progress, according to Cerulli.
Foreign fund assets surge in Southeast Asia
However, assets are concentrated among the larger players, according to Cerulli Associates.
China this week – 29 April 2016
A roundup of the week’s asset management news from mainland publications.
China this week – 30 Oct 2015
A roundup of the week’s asset management industry news from mainland publications.
China this week – 09 Oct 15
A roundup of the week’s asset management industry news from mainland publications.
Hot China equities prompts sector caution
The loosening of regulations to allow local mutual funds to invest through the southbound train of the Shanghai-Hong Kong Stock Connect led to a surge in Hong Kong share turnover in early April. “We would be selective and continuously flexible looking forward, in terms of sector picking and choosing between A-and H-share investment opportunities,” said […]
