Winners and laggards in China funds industry 2012
Consultancy Z-Ben Advisors lists the fund houses it believes were the biggest winners and losers in 2012. Eyes will be on equities this year, with MMFs and bond funds under threat.
Shanghai-based consultancy Z-Ben Advisors has picked out five winners and five laggards from China’s fund management industry across 2012.
In total, 21 managers improved their market-share standing, while 32 saw it slide. But while E Fund replaced Harvest as the second largest house, and ICBC Credit Suisse, BOC and CCB Principal all gained, Z-Ben puts this down to their jumping on the fixed-income bandwagon.
“Fixed-income flows have never been considered stable, and with a new r…
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