SHANGHAI : China's mutual fund managers raised 4.8 billion yuan ($668.20 million) for active equity fund products in July, the lowest level since August 2019, according to data compiled by fund consulting firm Z-Ben Advisors. The weak fundraising came as the post-pandemic economic recovery faltered, and C
SHANGHAI : China's mutual fund managers raised 4.8 billion yuan for active equity fund products in July, the lowest level since August 2019, according to data compiled by fund consulting firm Z-Ben Advisors.
China's near-220 million retail investors, households and enterprises have become more risk-averse, and have instead kept money in bank deposits, which are at near-record levels. Some investors are pinning hopes on policy support signalled by China's top leaders in the Politburo meeting last week, which lifted the benchmark index into positive territory for the year.
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