China's Mutual Funds Implode at Fastest Pace in Five Years as Stocks Sink
(Bloomberg) -- A meltdown in Chinese shares is wreaking havoc on the country’s asset management sector, pushing mutual fund closures to a five-year high in another sign of waning investor confidence.Most Read from BloombergBlinken’s Return From Davos Was Delayed After Plane Broke DownYouTube and Spotify Won’t Launch Apple Vision Pro Apps, Joining NetflixPakistan’s Army Strikes Back at Iran as Both Sides Urge CalmAirstrikes on Yemen Bring New Level of Chaos to Shipping in the Southern Red SeaTrum
Source: yahoo.com