BoComm-Schroders leads China fund rebound

Four of the top 10 best performing mutual funds in China during the second quarter were managed by Bank of Communications Schroders, according to a survey by Shanghai-based consultancy Z-Ben Advisers. Thanks to strong performance in China's equity markets in the spring, the second quarter of 2009 saw mutual fund industry assets under management rise by nearly 15%. This is the first double-digit growth for the industry since the heady days of summer 2007. The combination of relativel…