A fund companies invented portfolio funds
GUANGZHOU (Fund China) – Fund companies will curve issued FOF ( “fund of funds”). Fund industry sources, a joint venture fund management company in Shanghai “will be packaged Fund”, the Fund will “invest” in his company’s multi-only fund to form one yuan issued to investors, the alternative “FOF” has been treated as a domestic fund innovative new attempt. According to reports, the program has been submitted to the regulatory authorities.
For example, assume that the company’s equity funds currently a net 4 yuan/share were mixed type-B net current 3 yuan/share, the current C bond funds net 2 yuan/share, the current D money market funds net 1 yuan/share, the launch of its “Bundles Fund “one yuan sale, its steady accounts every 10 shares may include A, B, C, D, as an Fund; radical accounts every 10 shares may include two A, half of B and C.
Copyright Fund China 2009.
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