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NAV of publicly offered funds approaches RMB17 trln in China by end March
Net asset value (NAV) of publicly offered funds in China hit a new all-time-high of 16.64 trillion yuan by the end of March, according to data released by Asset Management Association of China (AMAC) Tuesday.
New funds in China raise over RMB500 bln in Q1
New public funds offered in China in the first quarter of this year had raised 511.2 billion yuan by March 28, reflecting the market's craze for equity funds with the amount of funds only next to those raised in the fourth quarter of 2019 and the second quarter of 2015.
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