China AMC’s assets under management jumped by 46 percent in 2009, to $45 billion, according to the China 20, Institutional Investor’s exclusive ranking of the country’s largest money managers. Those gains lift the company well above industry rivals.
Harvest Fund Management Co. holds on to the No. 2 spot in the ranking, with assets of $35.1 billion, up a more modest 23 percent. Bosera Asset Management Co. follows in third place, with $30.7 billion, up 30 percent.
E Fund Management Co. moves up one place, to fourth, thanks to a 78 percent surge in assets, to $27.9 billion. And Penghua Fund Management Co. advances one place, to fifth, following a 25 percent rise in assets, to $19.4 billion.
How the Ranking Was Compiled Institutional Investor’s sixth annual ranking identifies China’s top 20 fund managers by assets. New York–based Senior Editor Jane B. Kenney, with the assistance of Researcher Carol To in Hong Kong, compiled the ranking from a variety of sources, including questionnaires filled out by the institutions themselves. II refined this data through follow-up e-mails and telephone calls. When official data were unavailable, II obtained figures from Web sites and other public sources. All figures are as of December 31, 2009, converted to dollars using year-end 2009 exchange rates.