Negative Chinese stock-market performance has hurt domestic mutual-fund returns, with not a single mainland asset manager making a profit in the second quarter.
Tag : bny mellon western
Hu Bin of BNY Mellon Western Fund Management says now is a good time to invest in China’s A-share market on valuation grounds as he looks to launch the firm’s first equity fund.
But BNY Mellon Western and Zheshang may be the last firms to obtain such licences this year, says Z-Ben Advisors.