Mutual fund rating agency Morningstar has given China a B+ rating for its good fund investment environment.
Mutual fund rating agency Morningstar has given China a B+ rating for its good fund investment environment.
The US-based rating agency made a survey on the investment environment of mutual fund investors in 16 counties in Asia, North America and Europe.
China, the world’s third largest economy, ranked number two among the 16 countries.
The US ranked number one with an A rating and New Zealand took the last place with a D- rating.
The 1.5 per cent management fee ratio of most Chinese stock funds is higher compared to that of the US’s, Wang Rei, a fund analyst with Morningstar China, said in an interview. It is one of the reasons that caused the nation to be placed behind by the US. Management fees of US funds can be adjusted in accordance with the market and it is a main reason that the US took the first place.
