The French fund house will cut poorly performing and overlapping funds and focus on products close to client preferences, as it aims to build Asia AUM, said the group deputy CIO.
Asian fund investors may continue to pay fund fees that are higher than other parts of the world as the region's commission culture is unlikely to change.
China's money market fund may see slower fund flows, as regulator releases new rules on mutual funds' liquidity management.
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.
China's investment industry is set to continue its rapid expansion, as institutions increasingly outsource investments to both mandates and mutual funds, says rating agency Fitch.
Studies have shown returns for some low-volatility ETFs have not delivered against similar funds. Jessica Cutrera has urged investors to do their homework on smart-beta products.