China’s retail investors pile into new funds


Equity mutual funds raised 56.4 billion yuan (US$7.8bil) in the first two months of the year. — Bloomberg

BEIJING: The excitement over China’s technology development that pushed the nation’s stocks to outshine their global peers has attracted a substantial inflow of money from retail investors at home.

Equity mutual funds raised 56.4 billion yuan (US$7.8bil) in the first two months of the year, a five-fold increase from the same period last year and the biggest amount since 2021, according to Bloomberg calculations based on Morningstar Direct data.

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