China Dashboard – December 2021

  • Active equity, AUM, ETFs, Fixed Income, Fundraising, Insurers, IPOs, JVs, Mutual Funds, Policy, QDII, Regulators, WFOE
This Dashboard will examine key developments onshore from the month of November, including: Banks vs. IFAs Prime money market funds November QDII quota issuance Investment advisory guidance Infrastructure REITs Aside from these key takeaways, we will also provide a quick analytical update on all sectors of the Chinese financial services industry. Please note that full […]
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China Mutual Fund Series: Quarterly Assessment – 3Q21

  • Active equity, AUM, Bond funds, Distribution, ETFs, Fixed Income, Flows, FMCs, FOFs, Fundraising, JVs, Market share, Mutual Funds, pension, Products, Regulation, Regulatory
Fixed-income products continued their streak from 2Q21, helping industry AUM to another high. This is not a new phenomenon, but this time, the drivers are different. These are undoubtedly difficult times for active equity lines, but some managers have persevered in collecting net inflows amid the morass. At the same time, competition among distributors is […]
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China Dashboard – September 2021

  • Active equity, AUM, Brokers, BWMPs, ETFs, FII program, FOFs, Institutions, Insurers, MRF, pension, QDII, Regulators, WFOE
This Dashboard will examine key developments onshore from the month of August, including: Credit market reforms Fidelity receives mutual fund license Expansionary policy signaled Fundraising begins for BlackRock products CSRC half-year conference Aside from these key takeaways, we will also provide a quick analytical update on all sectors of the Chinese financial services industry. Please […]
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China Mutual Fund Series: Quarterly Assessment – 4Q20

  • Active equity, AUM, equity, Fixed Income, Fundraising, Mutual Funds, regulations
The year 2020 finally passed, but industry trends march on. Mutual fund AUM continues to hit new highs as fixed-income and equity managers alike rode buoyant new fundraising. Something lurks: possible corrections will test manager’s newfound direct-to-client strategies and separate those with balanced businesses from those that narrowly advanced in 2020. In this edition of […]
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China Alert – Shock and awe fundraising

  • Active equity, AUM, E Fund, Fundraising, Mutual Funds
Shock and awe fundraising New fund subscriptions in January now stand at USD57.8bn (RMB376.8bn). In pro-rata terms, investors received an average of 32% of pledged active equity orders as of January 19th, 2021. The growth of industry AUM this year looks to be far from over. Please note that full versions of our China Alerts […]
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China Alert – Fund hauls: 2020 in perspective

  • Active equity, Bond funds, E Fund, Fullgoal, Fundraising, GF, Invesco Great Wall, WFOE, Zhong Ou
Fund hauls: 2020 in perspective Year-end totals surpassed 2015 and 2019 fundraising peaks. Demand for active equity drove most of the year’s new fundraising. While the market upturn carries into 2021, some managers will strain to retain competitiveness. Please note that full versions of our China Alerts are for clients only, if you would like […]
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China Alert – AUM leaderboard changes

  • Active equity, AEGON-Industrial, AUM, China Merchants, China Universal, Flows, FMCs, Fullgoal, Hongde, Invesco Great Wall, Mutual Funds, Penghua, Rankings, Zhong Ou
AUM leaderboard changes Onshore mutual fund industry ended 3Q20 with record AUM of USD2.6tr. Active equity was again the key driver of upward moves in the competitive rankings. Several managers have proved that it is not just new funds that are attracting flows. Please note that full versions of our China Alerts are for clients […]
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China Alert – Mega-fund hero redemption arcs

  • Active equity, AUM, Franklin Templeton Sealand, Fundraising, JP Morgan, Redemption
Mega-fund hero redemption arcs 3Q20 brought the inevitable redemption from this year’s active equity launches. The cycle shows no signs of stopping with big-name launches in the fourth quarter. Fortunately, global managers in search of a different way have a few role models onshore. Please note that full versions of our China Alerts are for […]
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China Alert – A tectonic shift in China fund flows

  • Active equity, AUM, Fixed Income, Flows, Harvest, MMFs, onshore
A tectonic shift in China fund flows Third-quarter fund flows are revealing further dislocations in short-dated fixed income. At the firm level, the partial dataset suggests some bank-backed managers have been materially impacted. Flows continue to gravitate to active equity products, reflecting steady market demand. Please note that full versions of our China Alerts are […]
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