Tianhong cuts limit on Yu’e Bao subscription for second time

Tianhong Asset Management (Tianhong), which manages Yu’e Bao, the world’s biggest money market fund, has lowered the maximum investment ceiling in the 1.4 trillion RMB (US$210 billion) blockbuster fund for the second time this year. The move follows an unusually vocal warning from the Asset Management Association of China (AMAC) last week that the dominance of money market … http://bit.ly/2uXWA9l

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