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15

China Mutual Funds Join Global Investors in Stocks Exodus

By Tony Seruga

Domestic funds report 44% plunge in net asset values
Retail investors have been slower to sell, Shenwan says

China’s equity mutual funds reported a 44 percent plunge in net asset values last month after the stock market extended a $5 trillion rout.

The 569 open-ended mainland Chinese stock funds had combined net asset values of 724.8 billion yuan ($113.8 billion) in August, compared with 1.3 trillion in July, according to data posted on the website of the Asset Management Association of China on Monday. The industry body didn’t explain the reason for the decline…

China Mutual Funds Join Global Investors in Stocks Exodus

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