GUANGZHOU (Fund China) - It was learnt today that AIG-Huatai Fund Management Company had announced it would spend 10 million Yuan buying its new fund, AIG-Huatai Value & Growth Fund.

The company said using its own money to buy its fund was to show that the company’s management was confident with the fund’s investment team. As the fifth fund of the company, the proportion of the fund’s investing in stocks is 60 to 95 percent. The fund manager Wang Hui stressed that the operation of the new fund will focus on the safety of fund. If the economy was uncertain or the market valuation would be adjusted, the fund would maintain a minimum stock position. Meanwhile, the fund would allocate low-risk bonds and cash to help investors avoid risks so as to get a higher return.

Copyright Fund China 2008.

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