China reforms won't spark wave of fund closures: Cerulli
Asset managers running funds that don't meet a new AUM threshold are more likely to change strategy than liquidate the products so as to not spook investors, says the research house.
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Despite new Chinese rules that make it easier for asset managers to launch small mutual funds but harder for them to continue if they do not attract sufficient inflow, research firm Cerulli Associates does not expect a glut of product terminations or mergers.
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