Fast-growing ChinaAMC closes gap on Tianhong

The dash by Chinese investors into fixed income after last year’s mainland stock market rout gave a boost to many domestic fund houses, with China Asset Management a major beneficiary. The Beijing-based firm saw its bond fund assets nearly double year-on-year to $78 billion as of September 30, narrowing its AUM gap to the biggest player, Tianhong Asset Management, to $2.6 billion from $21.1 billion the year before. ChinaAMC had been China’s largest fund house by AUM since 2007 b…