GUANGZHOU (Fund China) – The total net value of 363 funds reachs 3.275403 trillion yuan at the end of 2007, growing 282% from 0.85646 trillion in 2006, data from Galaxy Funds Research Center. The respective asset scale of China Asset Management，Bosera Asset Management，and Harvest Fund Management is over 0.2 trillion yuan, ranking the top three.

Specifically, the 329 open-end funds’ total assets net value is 3.043259 trillion yuan, taking 92.91%,the big part of all the funds’ assets net value. The 34 closed-end funds’ assets net value is 0.232144 trillion yuan, gainning a small part 7.09% declined from 18.96% in 2006. And among the open-end funds, the 130 equity funds’ asset net value is 1.656494 trillion yuan,with the ratio moving up 11% to 50.57% than 2006, while the 17 index funds taking a part of 6.28% with a net value of 0.205637 trillion yuan. The total asset net value of the 58 share heavy holding funds( open-end mixed funds) is 683.841 billion yuan taking a part of 19.05%, the 24 balanced funds’ net value is 223.08 billion yuan with a proprotion of 6.81% and the 31 bond funds’ net value is 6.714 billion yuan with a 2.05% proportion.

And if seeing from the fund managements,then biggest public offering fund asset management is the China Asset Management Co. amounted to 247.992 billion yuan taking a 7.57% proportion while the Bosera Bosera Asset Management Co taking the second place from the fifth in 2006 with an amount of 221.585 billion yuan, and the Harvest Fund Management Co. takes the third place with an amount of 206.977 billion yuan.

ICBC is still the largest bank trusting a total of 84 funds, with the funds net value taking a 29.69% proportion and the China Construction Bank trusts a number of 68 funds taking a part of 22.85% proportion. And the Bank of China ranks the third place trusting 56 funds with a 17.37% market share.

Copyright Fund China 2009.

You Might Like: