Fund China

By: Hou Jiening
Compiler: http://www.fundcn.org

World-renowned fund information companies — Lipper recently released the latest “China Fund Market Insight report.” The report points out that QFII fund the first half of the A-share earnings reached 66.05%, lower than the domestic equity funds. Open-return gratifying report shows that the first half of an open-end fund returns gratifying, and the stock-type, mixed-ahead, Mixed flexible, balanced mixed fund rose 70.89%, 65.82%, 61.98%, 53.17%. But with the Shanghai and Shenzhen 300 Index 84.42% increase compared to the stock-and enterprise-fund performance was below the average index. Equity Fund in June there were 11 months since the first loss, But in June Equity Fund and the pro-everyone outperform the index, Shanghai and Shenzhen 300 index declined in June reached 4.17%.

The report points out that the first half of this year and the pro-stock-fund has the following characteristics : the rapid rise in the overall loser when running, drop outperform large platter. Lipper Zhouliangzhi for China Studies said that the cause of this situation, there are two main reasons : First, located next control, overall, no Mancang operation; 2 embodies the shares of blue chip varieties compared to the overall market’s ups feature.

Closed-end fund high-yield market report that the first half of closed-end funds with a return in excess of the market value of open-end fund, extend beyond the last open-end fund records. Shanghai Stock Index Fund 71.57% growth rate, exceeding the stock and progressive style and flexible open-end fund returns. However, this is mainly because of the closed-end funds Shejialu: narrow, rather than its net growth beyond the open-end fund. Closed-end fund net growth continues as a similar open-end fund. More than two billion shares a large fund at the end of June Shejialu: significantly reduced to 25%.

Closed-end funds in June fly against the wind, the overall decline in the circumstances, the Shanghai Securities Fund index rose 11.03%. June has also seen Buzhang closed-end funds, and then started to prepare an adjustment. This phenomenon shows that closed-end funds is a big adjustment Buzhang greater pressures on a reference.

QFII Fund A shares in June receipts HSBC report pointed out that June statistics into seven QFII A shares yuan fund to calculate the average total return of 2.33%. higher than domestic-stock funds and aggressive Fund. This was mainly due to QFII Fund A shares are mostly used Mancang investment strategy Shanghai and Shenzhen 300 Index in the month decreased by 4.17% under the circumstances, to make such income is fairly remarkable. QFII Fund for the first half of the A-share earnings reached 66.05%, lower than the domestic-stock funds, But higher ahead Fund.

Data show that the A-share fund QFII the latest asset size of 5.367 billion U.S. dollars, according to the same statistics, compared to narrow the nearly 500 million U.S. dollars, the second consecutive month, a large-scale reduction. Mainly due to AMEX, A50 China fund of about 500 million U.S. dollars net redemption.

Zhou Liang pointed out that through the QFII A-share funds and other similar funds in the domestic contrast, on the A-share investment, the domestic fund management companies not inferior in any way inferior to their international counterparts. With the SFC fund companies, securities companies QDII products, With domestic companies to foreign markets and international counterparts athletic opportunities will increase in the offshore market competitiveness.

Copyright Fund China 2008.

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