China Alert – Mutual fund registrations overhauled

  • Fixed Income, Mutual Fund Companies, mutual fund sector, Mutual Funds
Mutual fund registrations overhauled           Window guidance from CSRC has signaled equity product registration will be fast-tracked. On the other hand, fewer fixed income products are expected to be permitted and those that do will face tighter fundraising restrictions. While competitive dynamics may be tested in the long term, an immediate concern […]
Read More

China Mutual Fund Series: Quarterly Assessment – 2Q19

  • AUM, institutional investor, Mutual Fund Companies, mutual fund sector, Mutual Funds
Market performance and bank takeovers combined to trim mutual fund AUM in 2Q19. Outflows continued, but fundraising mostly held strong across the board. This quarterly update from Z-Ben Advisors examines exactly how some fund managers are increasingly looking to diversify both institutional and retail product lines. As competition in new spaces ramps up, those strategies […]
Read More

China Alert – Quantity and quality clash on distribution

  • Distribution, distributors, IFAs, mutual fund sector
Quantity and quality clash on distribution      Mutual fund subscriptions increased 13% in 2018, but there’s more to the story. While the bank channel grows, rising IFAs are cementing their role with new tactics. For investors to truly benefit, distributors will need to begin shifting priorities to quality flows. Please note that full versions […]
Read More

China Mutual Fund Series: Quarterly Assessment – 1Q19

  • AUM, Mutual Fund Companies, mutual fund sector, Mutual Funds
A rebounding market in the first quarter of 2019 took mutual fund AUM to new highs. But organic flows revealed more layered results to fundraising and demand. In this quarterly update, Z-Ben Advisors reviews industry profitability in 2018 and the evolving dynamics of market concentration. As the dust from this latest boom settles, managers will […]
Read More

China Mutual Fund Series: Quarterly Assessment – 4Q18

  • Mutual Fund Companies, mutual fund sector, Mutual Funds
The end of 2018 saw many of the trends observed earlier in the year continue to play out – passive inflows, institutional demand, and more. However, a market turnaround in the first quarter of this year has the potential to force a reassessment of gaps in active management coverage. This quarterly update will identify those […]
Read More

China Mutual Fund Series: Quarterly Assessment – 3Q18

  • Mutual Fund Companies, mutual fund sector, Mutual Funds
Reaching yet another AUM high, market uncertainty has proved itself not to be a drag on overall mutual fund growth in the third quarter. Going into the new year, managers’ resolve will be tested by competition from banks – running revamped mutual fund-like wealth management products. In this quarterly report, we examine how managers are […]
Read More

China Mutual Fund Series: Quarterly Assessment – 2Q18

  • AUM, ETF, Mutual Fund Companies, mutual fund sector, Mutual Funds, Public mutual fun
The second quarter saw new mutual fund industry AUM records on the books. This, despite uncertain markets and a continued push by regulators to modernize the industry. It isn’t just resilience in the face of headwinds – new business lines being built from the ground up provide optimism for future growth. In this quarterly report, […]
Read More

China Mutual Fund Series: Quarterly Assessment – 1Q18

  • AUM, ETF, Mutual Fund Companies, mutual fund sector, Mutual Funds, Public mutual fun
Public mutual fund AUM reached another high, with money market funds now accounting for just shy of 60%. This is likely to be the peak, which raises two key issues for fund managers: subsequent AUM flows and necessary business model adjustments. In this report, Z-Ben Advisors looks at how managers are seeing demand across active […]
Read More

China Mutual Fund Series: Quarterly Assessment – 4Q17

  • Mutual Fund Companies, mutual fund sector, Mutual Funds
Long-awaited market liberalization reforms were announced in the fourth quarter, effectively redefining the terms of engagement within the mutual fund industry in the process. At the same time, a series of important regulatory changes occurred with implications for fund managers seeking to position for yet another round of rapid industry growth. In this report, Z-Ben […]
Read More

(China Alert) FMC profitability: Institutional demand boosts margins

  • FMC, mutual fund sector
-Strong institutional flows drive mutual fund profit growth -Product strategy is shifting to cater to this demand -Sticky AUM should lead to more stable dividend payments for foreign partners Update: The release of China’s mutual fund industry annual results paints a bright picture. Based on Z-Ben Advisors’ calculations, profit margins averaged 28.9% in 2015, up […]
Read More
Login
Follow us