Fears rise over China money market fund risks
Money market products account for 51% of China's mutual fund assets, and Tianhong's Yu'e Bao makes up nearly a third of MMF assets. Analysts are worried about concentration risk.
Fears continue to rise about the concentration of risk in China's swelling money-market funds, as they increasingly dominate the country's mutual fund landscape.
Tianhong Asset Management extended its lead as the biggest mutual fund house in China in the first half of 2017, thanks to a dramatic 80% increase in assets at Yu’e Bao, its money market fund (MMF).
Yu’e Bao now accounts for 28% of China MMF AUM, with the next two biggest – both ICBC Credit Suisse products – accounting …
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