China’s mutual funds rose 12% or more across a range of categories in August, with domestic equity funds up 17%, Reuters reports.
Balanced stock funds were up 12.9% and balanced bond funds increased 14.98%.
The CSI300 index, based on 300 A shares, was up 18.75% during the month.
Analysts don’t expect China’s markets and funds to fare as well in September, however, pointing to a 6.5% increase in consumer price inflation in August, the highest in 11 years, and expectations that the central bank will increase interest rates.
