China's mutual fund industry assets climbed 30% in 2012

01/10/2013 | AsianInvestor.net

Mutual fund assets under management in China rose 30% in 2012 to US$450 billion, helped by the launch of 260 funds and a late-year rally in the A-share market. Money market funds in particular were a big gainer, accounting for 20% of all AUM in 2012, up from 14% a year earlier. Overall, the mutual fund industry is expected to have another banner year in 2013.

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