The Chinese market has shown a lack of saturation in important industries like financial and telecommunication services. This is being seen around the world as an exciting opportunity when even on the brink of trade wars, China continues to grow its trade surplus to the U.S. essentially.
Top five Chinese Mutual fundsThe Chinese economy is expected to not only benefit from its own growth but also from the development of other countries, especially in the Asian region. The top performing mutual funds in China are:
Future of Chinese Mutual FundsWith the Chinese and U.S. governments still locked in an ever-intensifying trade war, tensions persist in the market. The Chinese mutual funds market had experienced tremendous growth for almost two decades when last year the China Securities Regulatory Commission (CSRC) launched the ‘Fund of Funds’ to help keep the growth on track. The first batch of six asset management companies was launched in September 2017 with an expectation that they would attract almost $121.5 billion in investments. By the end of December, the private fund industry was already worth $1.63 trillion. Chinese mutual funds market continues to grow, riding on tremendous developments in infrastructure and technology that the country has initiated not only on home soil but abroad as well. The Silk Road Initiative is a prime example.
Global investment groups continue to target China as a profitable avenue to invest in because of the improving outlook of the region. Vanguard Group, one of the largest mutual fund holders in the world, is expanding its portfolio in the country. This was revealed as part of the future plans of the company by their China Chief. This is an exciting prospect for other investment groups and individuals to gauge the potential for growth and stability in the market. More than anything, it goes to show that the Chinese mutual fund market is strong and will continue to hold for the foreseeable future.
Dr. Victor Chukwuemeka
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