December 2012 - January 2013 Vol.17/18 No.12/1
Sentiment warms following harsh spring
Category: Asia, Global
By Toby Garrod
China mutual funds down by over 520 billion yuan in 2011
China’s mutual fund sector was down 127.6 billion yuan (US$20.2 billion) in the fourth quarter of 2011, an improvement on the 264.4 billion yuan loss recorded in Q3. Overall, the sector, including outflows, suffered losses of more than 520 billion RMB over 2011, according to consultancy firm Wind Information. China AMC and E Fund – China’s largest asset management firms – reported fourth-quarter losses of 10.6 billion yuan and 10.9 billion yuan, respectively.
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