SHANGHAI : Chinese investors are starting to shift money from bonds to stocks, betting on a robust recovery for riskier assets as the government's policy pivots to boost growth, the latest report on mutual funds showed.
China's stock benchmark is up nearly 20 per cent from an October low, while the five-year Treasury has surged more than 25 basis points as bond prices slumped. The assets under management of Chinese equity mutual funds rose 8.7 per cent to 2.47 trillion yuan in the fourth quarter, after dropping 7.3 per cent a quarter earlier, while that of bond funds fell 6.9 per cent to 7.4 trillion yuan after rising for six straight quarters, according to TX Investment Consulting.
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