China Fund Market Summary August 2007-Is It Time to Take Profits?

By Fund China
Published: 09:10, September 15th, 2007

From: Lipper

• The Asian markets all slid down in July, except for the surging A-Share market in China. The accumulated increase of the Shanghai&Shenzhen 300 index of the last 12 months reached 295.67%.
• All China open-end fund categories recorded positive returns in August. The Equity, Mixed-Asset Aggressive, Mixed-Asset Flexible, and Mixed-Asset Balanced fund categories chalked up 16.97%, 14.98%, 13.99%, and 12.90%, respectively.
• The Shanghai closed-end fund index rose 11.06% in August. The discount rate of large-capitalization closed-end funds increased to an average 26.06%.
• QFII A-Share funds had a 16.48% gain on average—a little lower than domestic equity funds but higher than Mixed-Asset Aggressive funds.
• If investors are too confident in a “buy and hold” strategy, they may neglect the chance to take profits from the high price level.

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Copyright Fund China 2009.

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