It has already been one of the most dynamic years for asset growth in recent memory. The year is shifting the competitive balance, as it is already clear that some managers are faring far better than others. Front of mind is how firms will endeavor to tap into highly concentrated demand while also positioning for sustained profitability growth. Add to all that a barrage of moves on market-opening.

This edition of the China Mutual Fund Quarterly Update will assess the impact of these dynamic investor preferences. Where the assets came from is key – as is where they will go next. In the near term, many managers will see swings in profitability and market uncertainty will test resolve, but history also shows that the leaderboards are at such times vulnerable to greater shakeup.

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