China fund profits surge in Q2

Jul 22, 2012

Equity funds contribute the most to the improved earnings despite their net outflows and a lacklustre stock market, but QDII fund profits turn negative.

China's struggling mutual funds industry seems to have gained a new lease of life, with mainland asset managers posting combined profits of Rmb61.9 billion in the second quarter, despite the A-share market trading flat in the period.

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