AI100: Money market funds help China set pace in 2017
Tianhong Asset Management’s huge, Alipay-linked money market fund helped drive China's sizzling AUM increase, though regulatory pressures may stifle 2018 growth.
Assets under management at Chinese fund houses posted the fastest growth in Asia last year and accounted for the largest share of the overall regional pie, turbo-boosted by lucrative links to online payment platforms, AsianInvestor’s newest AI100 survey shows.
With regulatory pressures building, though, that growth rate may have now peaked, analysts warn.
AUM in China expanded at a 15.9% clip in 2017 and accounted for 18.3% of all Asia-sourced AUM, compared with 17.3% in the pr…
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