China’s Retail Investors Pile Into New Funds as Stocks Rally
- Funds raised in Jan.-Feb. grew fivefold from a year ago
- Tech-heavy STAR50 Index rose 9% during the same period
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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 ($7.8 billion) 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. The number of such funds launched also jumped 76% year-on-year, the data showed.