China has leapfrogged the UK and France to become the world’s fifth-largest fund domicile. The Asian country pulled ahead of established asset management markets France, the UK, Japan and Australia to seize 4.1% of worldwide fund assets.
China’s ETF market crosses the $100 billion mark
European markets were down last week with a decrease in the FTSE 100 of 2.2%, Stoxx Europe 600 -3.28% and the DAX -3.32%. U.S. equities were down 2.22% for the same period.
