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Where Did All the Money Go? Money Market Funds Such as Alibaba's Yu'e Bao See Record Decline of AUM

作者: wangxiu@wallstreetcn.com

After a series of new highs in AUM (Asset Under Management), China's money-market fund giants have seen a record decline in fund scales. In June, their gross AUM was down by 576-141bn shares, the biggest monthly drop since December 2016. Equity funds and bond funds, however, saw their respective scales increase by 14.468bn and 9.87bn units.

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