11-04-2020, 03:17 PM
- More than 1,100 new mutual funds in China have launched this year, for a scale of issuance that’s topped 2.5 trillion yuan ($373.1 billion) as of Friday, according to data from the Wind financial information database.
- Lower interest rates, new regulations and changes in Chinese investor preferences helped drive the growth, analysts said.
- ″(It’s) a clear opportunity for most mutual fund companies and managers, especially for those with (a) good track record, strong distribution network and established brand name,” said Cliff Sheng, partner leading the capital market service line of McKinsey in greater China.