Equity funds now constitute less than half of all Chinese open-end, mutual fund assets under management, new research shows.
Cerulli Associates, Boston, released this finding in a summary of results from a new report, “Asset Management in China 2012: A Five-Year View, 2012-2016.” In its eighth iteration, the study examines the asset management opportunities presented by China’s retail and institutional segments, focusing on market sizing, product trends, distribution patterns, fees and profitability.
The report shows that equities fell in June to 25.6 percent of open-end mutual fund assets under management. This compares to 48.8 percent in 2011, 54.5 percent in 2010 and 59.4 percent in 2007.
Balanced mutual fund portfolios also declined as a share of AUM, falling to 25.6 percent in June 2012 from 28.1 percent in 2011 and 32.7 percent in 2010.