Chart of the Day: Chinese Mutual Funds Reap Rewards From AI, Offshore Investments

China’s mutual funds delivered mixed returns in the first half of this year, with those investing in overseas capital markets or riding the latest artificial intelligence (AI) craze outperforming many of their peers.

Mutual funds under the Qualified Domestic Institutional Investor (QDII) program, which acts as a conduit for local capital investing offshore, logged a return of 6% on average in the January-to-June period, according to data compiled by Wind Information Co. Ltd.