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Fund Industry Suffers from High Turnover
By AMY CHEUNG
Published: January 30, 2007 03:50 PM
The passion for fund investments on the mainland has created a booming financial industry, and, consequently, a shortage of qualified fund managers.  In demand, fund managers are able to take the initiative to switch jobs in search of better pay and benefits.  According to the latest statistics put out by TX Investment Consulting, the rate of turnover among fund managers averaged 38.6% in 2006.  How will this high turnover rate affect the development of China's financial industry?
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