Mutual Fund

Investors pull money out of bond funds, pour it into equity funds

Recent outflows from bond funds mark a dramatic shift for the fixed-income world, says David Santschi. Photo: YouTube

Investors poured US$54.2 billion into all-equity mutual funds and exchange-traded funds last month, the third-largest inflow on record, data from TrimTabs Investment Research showed on Sunday.

Monday, 4 November, 2013, 1:53pm

Chinese broker lifts stake in asset firm

CITIC Securities plans to buy back a 10 per cent stake in mutual fund house China Asset Management.

Citic Securities, the mainland's largest brokerage, plans to buy back a 10 per cent stake in mutual fund house China Asset Management, in a move to boost its sliding margins.

The company said it would spend up to two billion yuan (HK$2.53 billion) to buy the stake from Wuxi Guolian Development Group, raising its ownership of the asset management firm to 59 per cent.

23 May 2013 - 4:27am

China mutuals told to buy more stocks to boost market

The increase in minimum holdings by stock-focused funds came is being seen as sign of Xiao's determination to underpin the mainland stock market. Photo: Reuters

The mainland's securities regulator is ratcheting up pressure on mutual funds to increase equity purchases after the key stock market indicator lost nearly 3 per cent this week. The move was seen as the first substantial step by the newly appointed chief regulator, Xiao Gang, to support the beleaguered stock market since he took office five weeks ago.

27 Apr 2013 - 5:56am

Beijing liberalises mutual fund market

A Ping An Insurance building in Shanghai. Photo: Reuters

The decision is expected to introduce more than 50 new competitors to the mutual fund sector as the China Securities Regulatory Commission (CSRC) strives to drive up the key indicators.

20 Feb 2013 - 2:20am

2012: How Wall Street got it wrong

In a year of financial mis-forecasting, Morgan Stanley predicted Standard & Poor's 500 Index would lose 7 per cent in 2012. Photo: Bloomberg

From hedge fund manager John Paulson's call for a collapse in Europe to Morgan Stanley's warning that US stocks would decline, Wall Street got little right in its prognosis for the year just ended.

5 Jan 2013 - 3:13am

Brokers and insurers allowed to manage mutual funds on mainland

China Securities Regulatory Commission posted draft rules allowing mainland brokerages and insurers to set up and manage mutual funds. Photo: Xinhua

The mainland plans to allow brokerages and insurers' asset management units to set up and manage mutual funds available to the public as regulators seek to bolster the equities market.

31 Dec 2012 - 4:58am

Investment: volatility gains

US economist Benjamin Graham.

As the global economy resets, the prospects are for lower returns and increased volatility. The US stock market took 25 years to regain its highs after 1929. Japanese stocks (down 75 per cent from their peak) and property markets (down between 50 per cent and 70 per cent) have still not recovered 1989 levels.

26 Nov 2012 - 2:17am

Interest in China's once lucrative mutual fund sector wanes

ING was one of the first into the market but has now sold its 33 per cent holding in China Merchants Fund Management. Photo: Reuters

The exit of ING Group from one of the mainland's earliest securities investment joint venture marks overseas players' waning interest in the once-vaunted mutual fund market.

12 Nov 2012 - 4:27am

Beijing cuts broker fees 20pc to shore up market

Beijing will cut brokerage trading fees by 20 per cent to bolster the weak market, following a 25 per cent reduction last month.

21 Jul 2012 - 12:00am

Investors may look 'gift' ETFs in mouth

So much for the high hopes and hoopla over a 'through train' that mainland investors could board to fill up their suitcases in Hong Kong with shares listed on its stock market.

Three years on, and the heavily hyped cross-border exchange-traded funds (ETFs) look like they might end up as nothing more than good intentions.

9 Jul 2012 - 12:00am

Mutual funds get go-ahead for bonds

Beijing has approved the mainland's two trillion yuan (HK$2.5 trillion) mutual fund industry to invest in the newly created high-yield bond market, offering fund managers a new alternative.

20 Jun 2012 - 12:00am

Doubts over market incentives

The increase of the qualified foreign institutional investor (QFII) quota came as a shot in the arm for the mainland's flagging stock market, but analysts are uncertain about whether the rally will sustain.

9 Apr 2012 - 12:00am

ICBC raises 3.15b yuan for QDII product amid poor market

The newly launched qualified domestic institutional investor fund by a venture controlled by Industrial and Commercial Bank of China has raised 3.15 billion yuan.

This was barely more than 10 per cent of the amount raised by four similar products last year as retail investors shy away from the volatile global equity market.

16 Feb 2008 - 12:00am

History guides the search for profits

China is a complex nation comprising distinct markets and that makes investment decisions highly complicated, warn the authors of a new book about doing business on the mainland.

In From Wall Street to the Great Wall, Jonathan Worrall and Peter O'Shea provide a historical context for how and why China is emerging as 'the leading economic power of the 21st century'.

14 Jan 2008 - 12:00am

Shock collapse provides second wake-up call

Global stock markets began the nerve-wracking job of hauling themselves back from the brink this past week, but for Hong Kong fund investors the turmoil provided a second valuable wake-up call this year to review risk exposures and rebalance portfolios, said wealth managers and analysts.

5 Aug 2007 - 12:00am