China fund managers face survival battle amid falling AUM

China’s fund management industry saw AUM fall in the first half of 2011 amid tepid investor sentiment and market volatility, with forecasts for the second half offering few signs of encouragement despite an expected equity-market rebound. The struggling sector recorded a decline of Rmb100 billion in assets under management to $2.3 trillion ($356 billion) as at the end of June amid poor returns, net outflows from redemptions and limited gains in new products. This means the indus…