China equity funds 'unloved' in September as demand for long-term funds slows

Data from Morningstar shows this is a €4bn decrease from August, and almost €14bn less compared to July. Weakened demand for equity and allocation funds led the ongoing slowdown, while outflows from various commodity products also played a part. It was the worst month for the equity spectrum since July 2020, according to the report. The asset class pulled in €18.9bn.  "Among the detractors, eurozone large-cap equity and China equity funds were very much unloved during the month," Morningstar stated. Separately, the Bank of America raised concerns last week regarding Chinese stocks,...