China. ETFs fast gaining popularity
Chinese fund management companies should ride the boom of pension fund-of-funds providers and work closely to develop more exchange-traded fund products for longer-term retail wealth, according to a new survey.
Assets under management of China’s outstanding ETF products reached 381 billion yuan ($55.4 billion) in 2018, hitting a historical high, according to a study by consultancy Oliver Wyman released on Wednesday.
Meanwhile, assets under management rapidly grew with close to 40 new funds launched during the year. ETFs are gaining popularity among both retail and institutional investors with increasing adoption.
In 2018, a total of 20 fund management companies issued 38 ETFs, compared to only nine ETFs issued by six fund management companies in 2016.
Read more @Global China Daily
