China’s most profitable fund houses unveiled

New research indicates that China Asset Management was the most profitable mainland mutual fund house last year by outright profit, while Aegon-Industrial Fund came top for profit yield – how much a firm earns in basis points per assets they manage (see table). But industry profitability is seen as likely to fall this year amid tighter regulations and market volatility. The 20 biggest Chinese mutual fund houses posted an average net profit margin of 30.4% and profit yield of 28.5 …