China asset managers largely missed July equity rally, says Z-Ben

Aug 9, 2010

Mainland firms recorded small net inflows last month, but they should improve their market timing, says the Shanghai-based consultancy.

Organic asset growth, new product inflows and returns were all up for mainland China fund managers in July, registering Rmb19.14 billion, Rmb7.79 billion and Rmb171.14 billion, respectively. This is a positive signal that confidence may be returning, estimates Shanghai-based consultancy Z-Ben Advisors.

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