China’s mutual fund sales hit new record high in first half of year despite tepid stock market
STOCKS
China’s mutual fund sales hit new record high in first half of year despite tepid stock market
STOCKS

China’s mutual fund sales hit new record high in first half of year despite tepid stock market

 

>>REAL-TIME UPDATES IN THE WIRE. CLICK HERE<<<

 

 

Mutual fund sales in China have continued to surge, with asset management companies selling a record amount of new products in the first half of this year.

The onshore money managers sold 1.6 trillion yuan ($248 billion) of newly launched funds, an all-time high for the six-month period, according to the Securities Times. That followed unprecedented annual sales that topped 3 trillion yuan last year.

According to data from Wind Information, China saw 790 new mutual funds in the first half of the year, raising a total of 1.54 trillion . . .

Sign In or Subscribe To Get Full Access. 

 

Join Us Now

 

We Are Live On THE WIRE Every Trading Day. Don't Miss Out. Grab Limited-Time Welcome Offer!

See Samples

 
 
 

Users' reviews 

 

They work with us

Sign Up For Free Weekly China Market Highlights HERE!Â