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Money-market products drive China fund AUM to new peak

Toby Yiu
Chinese mutual fund assets nearly doubled last year to a record high of Rmb8.4 trillion ($1.3 trillion), driven largely by money-market products, which analysts say have stabilised the industry.
Money-market products drive China fund AUM to new peak

Chinese mutual fund assets saw their biggest rise for eight years in 2015, jumping 85% to hit a new high of Rmb8.4 trillion ($1.3 trillion), according to the Asset Management Association of China (Amac). This was mostly driven by flows into money-market funds (MMFs) in the second half, a trend that analysts expect to continue this year, in light of ongoing market turmoil.

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