PenghuaÆs A-share listed fund raises Rmb2 billion

Apr 7, 2009

Passive products are witnessing a good run in China this year, as investor appetite for actively managed funds remains lukewarm.

Shenzhen-based fund house Penghua Fund Management says it has raised Rmb2 billion ($293 million) for its new A-share fund listed on the Shenzhen Stock Exchange.

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