World’s No. 1 Money-Market Fund Shrinks by $120 Billion in China
The website for Yu’E Bao, an online financial product offered through Alibaba Group Holding Ltd.’s online payment affiliate Alipay.com Co., is displayed on an Apple Inc. iPad in an arranged photograph in Hong Kong, China. (Photographer: Brent Lewin/Bloomberg)

World’s No. 1 Money-Market Fund Shrinks by $120 Billion in China

(Bloomberg) -- The world’s biggest money-market fund, which once offered annualized returns of nearly 7%, is on track to lose its crown after shrinking by more than $120 billion in just over a year.
BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.