From: Shanghai Securities News by Zhou Hong
Compiler: http://www.fundcn.org

2007 first half of the net value of fund assets in the state last weekend officially announced. Experienced in the first half of the 181 days of struggle, the fund industry in late June give a satisfactory answer. 56 fund management companies under the 347 Fund (Fund graded separately) asset management amount to 18,000 billion, compared with the end of last year growth of 111%. End fund share reached 1.257 trillion copies, in the end of last year compared to an increase of 103.21%.

Equity Fund largest

What then most fund investors? The answer is undoubtedly yes — Equity Fund.

Wind information from the statistics, as of the end of June, The stock markets in Shenzhen and Shanghai Stock Fund total amount to 754 billion yuan in funds ranked first varieties. This figure compared with the end of last year, an increase of 114%. Last year, about a quarter is 10 times the size, 15 months grew by 10% — Equity Fund is an tenbegger scale.

Equity Fund to support the greatest impetus to growth from the Fund’s continued growth in sales and net worth. In the first half of 2007, the size of equity funds increased by 400.1 billion, all from the old fund to grow from within. On the market for their excellent performance and dividends (or separation) — concentrated marketing methods Many equity funds in six months, will rapidly expand.

According to statistics, the first half of this year, the fastest growth in the net value of the Fund prior to the 10 Fund, the growth in assets in more than 10 times. Within this total, the fastest rate of the Fund, and asset size in six months and turned over the 42 times. With the same period last card index rose 43% in comparison. This growth rate alarming.

General bond funds fastest growing

Equally shocking display of ordinary bonds also fund-scale expansion.

According to Wind statistical information, including stock-type, active-fund allocation of all eight varieties Fund, General Fund bonds to 222% of the growth, the first half of the year as the scale of the fastest growing fund products. The rate is not only higher than the stock-fund 113% growth rate, it is also more than the 280 billion new fund incremental positive allocation fund.

In the bond funds, the fastest time scale expansion of the Fund, including Cathay Pacific Jinlong Bond Fund Jiashi Bond Fund Changsheng Fund CITIC entire debt, China Bond Fund, rich days of profit growth bond funds. The aforementioned funds in the first half of the growth in both the scale of 300%.

Careful analysis, the above behavior is not without reason. First, the current venue of the general bond funds generally smaller scale, as a low risk and the considerable benefits fund products, bond funds should have a certain growth. Second, a substantial part of the bond funds can now be involved in issuing new shares, convertible bonds and other risks than those in the interests of the end of species. In issuing new shares soaring bull market, general bond funds can share.

Short most indebted scale injured

In the stock-type, positive-type configuration, and even ordinary seething Bond Fund, doubling the size. Short Claims Fund, the IMF and other creatures of the year, it had to endure the test of size has shrunk.

Which is particularly evident in the short Claims Fund. In the first half of 2007, short Fund debt has shrunk the size of the rate reached 56.29%. Currently, the market short of the total debt fund size from the end of last year, nearly 6 billion decline to less than 2.6 billion. Some time scale to achieve 11 billion over the short Claims Fund, the scale has fallen to 200 million-600 million around the area. 1 / 20, one of the shrinking percentage of stock funds than ten times the growth amazing.

In addition, the IMF momentum of the ransom still continued. In last year experienced a large-scale influx of the ransom, the IMF in the first half of this year, the total size dropped to 62.8 billion yuan. Compared to the beginning of 15 billion yuan reduction. And removed before the four major funds of about 300 billion size, remaining nearly 40 Monetary Fund actual size of the average less than 10 billion, IMF large scale reach 500 million yuan for the maintenance of the scale below. If in the future there IMF warning scale of the news, it should be no accident.

Copyright Fund China 2008.

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