ChinaAMC raises Rmb20 billion for CSI300 fund

Jul 9, 2009

Index funds have become a dominant force driving fund sales in China.

China Asset Management (ChinaAMC), China's current largest fund house by asset size, has cut short its fundraising effort for its latest index fund linked to the CSI300 after collecting around Rmb20 billion ($2.93 billion) in just three days. That tops an earlier record high set by Changsheng Asset Management when it raised Rmb10 billion ($1.46 billion) for its fund.

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