GUANGZHOU (Fund China) - According the fund defensive ability list, Desheng Fund Research Center published monthly shows that since June last year, the first time issued to the end of 2007 , in the half year, Changsheng Value Growth Fund ,Guotai Golden Dragon Industries Fund, China AMC Return Fund, BOC International China Opportunities Fund, and the Harvest Growth & Income Fund, the equtiy fund or weight holding in shares fund appeared in the forefront of the list, especially the Changsheng Value Growth Fund, ranking the first palce of sit consecutive months shows a strong defensive ability.

Seeing from the data, the defensive fund gains a moderate performance and moderate yield due to the position. According to the Morningstar statistics, up to the Dec. 28,2007,the most defensive fund, Changsheng Value Growth Fund net yield growth rate is 96.78% at that year, ranking 131 among the 172 funds, and the Harvest Growth & Income Fund net growth rate 94.43% ranked the 31 place among the 52 active allocation funds. Guotai Golden Dragon Industries Fund, China AMC Return Fund, BOC International China Opportunities Fund all gained a good performance with the respective net value gorwth rate 140.09%,120.91% and 127.40% achieving a double earning.

When talking of which fund management’s funds are more defensive, Jiang Saichun, the chief analysts of Desheng fund research centre told the reporter, from the fund annual defensive performance in 2007, the Southern Fund Management’s funds are preferably tracking the market trend and change and are more defensive among the large fund managements. The Bosera Asset Management’s funds also have a better defensive ability and risk control ability. The Southern Fund Management’s funds gain a larger product differentiation and can still gain a good performance in a big market turbulence. In the medium fund managments, the Guangfa Fund Management, and Franklin Templeton Sealand Fund Management’s funds play an outstanding performance in the medium term. Among the bank funds, the BOC International Investment Managers and the ICBC Credit Suisse Asset Management also generally pay more attention to the risk control and their funds paly an important role in the defensive performance.

For the fund defensive ability ranking, Jinag Saichun reminded investors to think of this reference, and whether the defensive list to be used as a decision-making fundament or not, depends on the investors’ general consieration of self-risk tolerance ability and many other factors.

Copyright Fund China 2008.

You Might Like: