Stocks could be rangebound in the second half as a result of a lack of catalysts, according to UBS Group. Photo: EPA-EFE Stocks could be rangebound in the second half as a result of a lack of catalysts, according to UBS Group. Photo: EPA-EFE
Stocks could be rangebound in the second half as a result of a lack of catalysts, according to UBS Group. Photo: EPA-EFE
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China’s first-half mutual fund sales hit record as industry boom continues amid lacklustre stock performance

  • Onshore money managers sold 1.6 trillion yuan (US$248 billion) of newly launched funds, an all-time high for the six-month period, according to the Securities Times
  • The euphoria for mutual funds shows no signs of abating in spite of the dreary performance of stocks in 2021

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Stocks could be rangebound in the second half as a result of a lack of catalysts, according to UBS Group. Photo: EPA-EFE Stocks could be rangebound in the second half as a result of a lack of catalysts, according to UBS Group. Photo: EPA-EFE
Stocks could be rangebound in the second half as a result of a lack of catalysts, according to UBS Group. Photo: EPA-EFE
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