More signs Chinese shares are closer to a bottom than a top, U.K. insurer Avvia becomes the...

|By:, SA News Editor

More signs Chinese shares are closer to a bottom than a top, U.K. insurer Avvia becomes the latest to exit the country's mutual fund industry. Once the must-go destination for global asset managers, China's mutual fund assets are down 25% over 5 years despite a tripling in fund offerings. A 60% decline in shares will do that.