Feb 28, 2023 07:52 PM

FINANCE

How China’s Investment Funds Fared in 2022

By Quan Yue, Yue Yue and Zhang Yukun

Chinese mutual funds that invest in listed stocks had their worst year in four as they chalked up an average negative return of 20%, a sharp decline from the big net gains of the previous two years.

Chinese mutual funds that invest in listed stocks had their worst year in four as they chalked up an average negative return of 20%, a sharp decline from the big net gains of the previous two years.

It was a pretty good year for managers of China’s mutual funds in 2022, but less so for their investors.

As of August, the total assets under management (AUM) by China’s mutual funds hit a record high of 27.3 trillion yuan ($4 trillion), almost double the amount three years earlier. The surge was partly driven by growing popularity of mutual funds among retail investors.

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