shanghai feb 18 reuters  two chinese mutual fund firms have failed to launch planned funds over the past two weeks while dozens more have extended subscription periods hit hard by a sharp decline in investor risk appetite and underperformance by the industry tongtai asset management co said in a statement this week it was abandoning plans for a hybrid fund after a threemonth subscription period without sufficient interest that follows boc international china cos announcement last week that a planned exchangetraded fund targeting new energy vehicle battery stocks had failed to attract enough interest risk appetite is low given the backdrop of the fed tightening and russiaukraine tensions said ivan shi head of research at shanghaibased fund consultancy zben advisors the federal reserve is widely expected to raise rates next month shi also noted the industry had not been performing well an index tracking chinas active funds csi930890 has lost 11 so far this year compared with a 6 decline in the benchmark csi300 index csi300 fundraising by chinese mutual fund houses slumped to 1188 billion yuan in january down 61 from a month earlier and down 76 from a year ago according to zben funds that target expensive tech and healthcare stocks have suffered the most with chinas techheavy chinext chinextc and star star50 markets having tumbled more than 13 this year reporting by samuel shen jason xue and andrew galbraith editing by edwina gibbs