HONG KONG—China’s biggest money-market fund is experiencing a pickup in withdrawals following a slide in yields, as people take out more cash to spend and invest in other products with higher returns.
Ant Financial Services Group’sflagship money-market fund, which has drawn investments from more than a third of China’s population, has seen a significant increase in redemptions over the past month, according to people familiar with the matter. One of the world’s largest mutual funds, the seven-year-old Tianhong Yu’e Bao fund...
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That’s the way the ball bounces. Not going to lose sleep over it. 👑🇬🇧🇺🇸💎🇩🇪🇯🇵🇦🇺🇮🇳✝️
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