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Chinese Investors Pile Into Money Market Funds, Dumping Stocks

By Tony Seruga

Falling stocks, bond defaults contributed to money fund inflow
World’s top fund Yu’EBao has biggest quarterly outflows ever

Chinese investors flocked into money-market products at a rate outpacing equities and bonds last quarter, adding to what is already the biggest segment of the nation’s mutual fund industry.

Mutual funds investing in low-risk, short-term debt instruments grew 5.4 percent last quarter to 7.7 trillion yuan ($1.1 trillion), compared to the 3.7 percent increase in bond funds and a drop of 1.3 percent in equity funds, data compiled by the Asset Management Association of China show…

Chinese Investors Pile Into Money Market Funds, Dumping Stocks

Categories : Finance

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