China bond funds flourish amid industry stagnation
China bond funds are growing at the expense of balanced and money-market products and as institutions increasingly favour 'tailor-made' mutual funds over segregated accounts.
Chinese bond funds have seen strong asset growth this year thanks to numerous launches, in contrast to flat or declining AUM for other mainland products, as investors have sought stable income amid equity volatility.
Another driver of the shift into bond strategies have been stricter rules being imposed on bank’s wealth management products (WMPs) and capital-guaranteed funds. This has led to institutions – notably commercial banks – outsourcing more fixed income investments to ext…
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