Tag: Implode

China’s Mutual Funds Implode at Fastest Pace in Five Years as Stocks Sink

(Bloomberg) — A meltdown in Chinese shares is wreaking havoc on the country’s asset management sector, pushing mutual fund closures to a five-year high in another sign of waning investor confidence. Most Read from Bloomberg About 240 local mutual funds were liquidated last year, according to Bloomberg-compiled data dating back to 2014. That’s the most […]