Fourth-quarter rally drives China MF industry
AUM rises 30% in 2012 after an A-share rebound and contrived flows into money-market funds. Industry assets could surge to a new high, with equity managers in line to benefit.
A late rally in China’s A-share market helped drive mutual fund industry AUM to expand 30% to Rmb2.8 trillion ($450 billion) this year, with similar growth forecast for 2013 to a new high.
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