Chip sell-off helps boost China’s private funds as US$83.3b is pulled out of mutual funds
The assets managed by China’s private funds grew last month as those of its mutual funds shrank, with investors diversif
ying their portfolios amid a sell-off of semiconductor shares. The net assets under management (AUM) of domestic mutual funds shrank by 560 billion yuan (US$83.3 billion), or 1.4 per cent month on mon...
via South China Morning Post
The assets managed by China’s private funds grew last month as those of its mutual funds shrank, with investors diversif
ying their portfolios amid a sell-off of semiconductor shares. The net assets under management (AUM) of domestic mutual funds shrank by 560 billion yuan (US$83.3 billion), or 1.4 per cent month on mon...
via South China Morning Post
