Funds Data
Flows to China retreat
- Published 16 Dec 2010
Fears of further tightening in the build up to the announcement of November's soaring inflation figure deterred investors away from China.
China funds reported net outflows of $12.7m during the two weeks ending Dec 8 (chart 2.2 and 2.4). Manager flows to China equities also fell to $717m during the period, down over 30% from two weeks prior (chart 1.1 and 1.2). The central bank's decision to raise reserve requirement rates for the sixth time on Dec 8, however, is likely to help investor flows to China in the coming two weeks, said Cameron Brandt, senior analyst at EPFR Global. Shanghai's composite index closed up 2.9% on Dec 10 the first day of trading after the announcement.
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China Confidential Funds
China Confidential Funds, a new research service launched by FT China Confidential, is dedicated to illuminating the mainland fund industry. Our team of fund industry experts in Shanghai search out the interesting trends in fund performance, strategy, interactions with overseas funds, regulatory changes, distribution and management. We also use a proprietary system to track the emerging flows of Chinese money. Click here to find out more.
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