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China’s Monster Money-Market Shrinks and Rivals Reap Rewards

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At one point this year, assets under management at this Chinese money-market fund were twice those of their biggest American peer

 

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Rivals Reap Rewards as China’s Monster Money-Market Fund ShrinksBeijing is forcing the world’s largest money-market fund, Ant Financial’s Tianhong Yu’e Bao, to shrink, creating a bonanza for the dozen other money-market funds that Ant has added to its investment platform. Interesting
Source: WSJ - 🏆 98. / 63 Read more »