Neuberger Berman is keen to launch more mutual funds in China after raising US$595.6 million from retail investors for its first product, as it joins other global firms in targeting the nation’s US$3.7 trillion mutual-fund market.
"The prospect of higher prices in the second half of the year, in the sort of $90-$100 range, is a real possibility," Vitol's chief executive said Monday.
Hedge funds’ affection for Chinese equities has waned over the past two weeks, with those listed in Hong Kong suffering the most in the cutback, according to Goldman Sachs.