(Bloomberg) -- China's mutual fund assets jumped 33 percent to more than a trillion yuan in the first quarter as a surging stock market encouraged investors to pour savings into equities, an industry researcher said.
Total assets at Chinese funds grew 33 percent to 1.14 trillion yuan ($148 billion) in the three months to March 31 from 856.45 billion yuan the previous quarter, Shanghai-based Z- Ben Advisors Ltd. said in an e-mailed report that was received today. The benchmark CSI 300 Index jumped 36 percent during the period, after more than doubling in 2006.
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