Although there were net outflows in the China onshore fund industry, equity products continue to gain traction, according to a recent report.
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Although there were net outflows in the China onshore fund industry, equity products continue to gain traction, according to a recent report.
Xuanji, a Beijing-based robo-advisor, announced plans to launch a fully automated portfolio service in Asia, its first foray outside China.
Pengyang Fund Management became China’s first mutual fund house set up by a group of domestic “private securities fund” managers, opening the door to retail market sales.
Some Chinese companies have a higher stock dividend yield than bond yield, and portfolio manager Guo Jun uses them to enhance his bond fund.
Assets in China’s onshore mutual funds fell 5.2% in the first half after investors fled domestic equities.
Mutual fund-of-funds are expected to roll out later this year after the release of a consultation paper from the China Securities Regulatory Commission.
Despite concerns on surging sour debts, Chinese banks stand out for value investors amid low valuations and long-term stable development, said Huang Ruiqing, portfolio manager and director of passive and quant investment at Bosera Asset Management said.
The firm has bond, equity and mixed asset funds ready for launch in Hong Kong on June 1, said head of intermediary business Laurence Lo.
Mainland regulators warned of the risks on guaranteed funds, as they might not be 100% guaranteed due to existing “system deficiencies”.
Principal Financial Group and CCB expect to launch two southbound funds through the Mutual Recognition of Funds scheme this month.
Part of the Mark Allen Group.