China Alert – Right product, right time

E Fund, ETFs, Organic flow, Products, QDII, Zhong Ou

Right product, right time One ETF has had USD7.5bn of inflows since early last year. Retail speculation is the key driver. This behavior looks to be here to stay. Please note that full versions of our China Alert are for clients only, if you would like more information about a subscription please contact us: Tel: […]

AUM, BoC, Bosera, competition, E Fund, equity, First State Cinda, Fixed Income, Fundraising, GF, Harvest, Mutual Funds, Orient, Penghua, Ping An, Tianhong

Leader and laggard managers in 2020 Even excluding MMFs, the largest onshore managers are now at the centi-billion-dollar threshold. However, in some cases churn from older funds has eroded recent fundraising. The key question for all managers going into 2021 will be how to best calibrate product development efforts. Please note that full versions of […]

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 […]

ABC-CA, E Fund, First Seafront, Fullgoal, Invesco Great Wall, onsistency, Performance, Wanjia

A longer-term view of performance Evidence continues to mount that consistent outperformance can drive equity fund flows. Over five years, industry veterans and newly-cultivated talent alike have proven their worth. Finding consistency is vital to topping the charts. Please note that full versions of our China Alerts are for clients only, if you would like […]

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 […]

CIB, DWS, E Fund, GF, Harvest, Invesco Great Wall, Orient, QDII, Quota, SAFE, Wanjia, Yinhua

Guess who’s back with quota It has been 17 months since the last QDII quota was issued. QDII utility in ETF connectivity schemes with Hong Kong and Tokyo explain part of the recent batches. Global managers will now be looking for relaxation of the MRF and QDLP channels. Please note that full versions of our […]

Active funds, CCB Principal, ChinaAMC, DWS, E Fund, Eurizon, Fixed Income, GF, Harvest, Market share, Penghua, PowerCorp

Short-term gains, long-term growth Heightened equity demand favored managers with market-ready solutions. Active managers enjoyed the most visible market share improvements. In the past, similar market conditions have helped firms secure long-term asset accumulation. Please note that full versions of our China Alerts are for clients only, if you would like more information about a […]

Active equity, AEGON-Industrial, AUM, China Universal, Distribution, E Fund, MMFs, Mutual Funds, UBI Banca, Zhong Ou

The big reallocation in detail The verdict is in: investors are moving from MMFs to active equity. Not going away is the nagging issue of hyperactive fund churn. This is being intensified by business models at the heart of online distribution platforms. Please note that full versions of our China Alerts are for clients only, […]

China Alert – Right product, right time

China Alert – Leader and laggard managers in 2020

China Alert – Shock and awe fundraising

China Alert – A longer-term view of performance

China Alert – Fund hauls: 2020 in perspective

China Alert – Guess who’s back with quota

China Alert – The big reallocation in detail