China Mutual Funds Archives

China Mutual Fund Series: Quarterly Assessment – 3Q22

Distribution, Flows, FMC segregated accounts, FMC subsidiaries, FMCs, Fundraising, JVs, Market share, Mutual Funds, Products, Regulation

‘Nowhere to go but up’ seems to be the 3Q22 mantra. Even as overall AUM dipped slightly, the twin factors of four-year-low benchmark valuations and MMF yield compression conspired to turn investors to selective equity allocations. Not quite risk on, but a welcome outcome for certain managers. There are changes to industry sub-structure that portend […]

Distribution, Flows, FMC segregated accounts, FMC subsidiaries, FMCs, Fundraising, JVs, Market share, Mutual Funds, Products, Regulation

It has not been an easy summer for the mutual fund industry. Fundraising for high-fee products collapsed in 2Q22, forcing managers to change course on product development. Some did so adeptly; most did not. Signs of a recovery have been few and far between in 3Q22, suggesting the situation may persist through this year. Not […]

AUM, Distribution, ETFs, Flows, FMCs, Fundraising, JVs, Market share, Mutual Funds, pension, Products, Regulation, regulations

Markets drew a challenging start to 2022. An optimistic January quickly gave way to meager demand for both equity and fixed income products. New fundraising hit a three-year low. Many product development plans were aborted, but some managers were able to pivot to maintain some semblance of momentum. As firms contend with their respective hurdles, […]

AUM, Bonds, Distribution, Fixed Income, FMCs, IFAs, JVs Fundraising, Market share, Mutual Funds, Products, Profitability

Recent months have been fraught with pessimism for the equity business. But fixed-income demand surged in 4Q21, and industry AUM rose yet again past RMB25.1tr. Industry profits in 2021 should be more than healthy. Early 2022 is bringing adjustments to distribution techniques and product strategies. Even as fundraising falters across the board, managers continue to […]

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 […]

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 […]

AUM, Distribution, FMCs, Fundraising, MMFs, Mutual Funds, Products, regulations

The action-packed year continues. Fund managers have scrambled to meet investor demand, pressing product manufacturing logistics into high gear. Flows have been massive. Key to locking in higher profitability will be sustaining AUM over the coming quarters. This edition of our China Mutual Fund Quarterly examines how changing factors are influencing manager and distributor competition. […]

AUM, Bond funds, FMCs, Fundraising, MMFs, Mutual Funds, Orient, regulations

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 […]

Active equity, AUM, Fixed Income, FMCs, Fundraising, Mutual Funds, QDII, regulations

An uncertain quarter for the market saw investors certain about committing more capital, and many fund managers were ready to capitalize. Fund launches across multiple asset classes attracted large subscriptions. This came at the same time as managers incorporated digital investor outreach in new ways and market opening forged ahead. This edition of our China […]

Competitive update, Fundraising, Institutional business, Products, Regulatory update

Mutual-fund industry AUM found a new historical high in 4Q19 of RMB14.6tr. Evolving growth drivers are the result of a major ongoing shift: declining MMFs are now below 50% of industry assets. Instead, demand for active equity continued to prove resilient in the face market volatility, while institutional demand persisted despite regulatory pressures. This China […]

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China Mutual Fund Series: Quarterly Assessment – 4Q20

China Mutual Fund Series: Quarterly Assessment – 3Q20

China Mutual Fund Series: Quarterly Assessment – 2Q20

China Mutual Fund Series: Quarterly Assessment – 1Q20

China Mutual Fund Series: Quarterly Assessment – 4Q19