China's Private Funds Ride the Semiconductor Sell Off The recent sell off of semiconductor shares has sent shockwaves through global markets, but for China's private funds, it's been a lucrative opportunity.
According to data released by the Asset Management Association of China, private fund assets under management grew 8. 7% in July to a record high of 25. 73 trillion yuan.
This growth is particularly noteworthy given the decline of mutual fund assets under management. Domestic mutual funds saw their net assets shrink by 1.