GUANGZHOU (Fund China) - Accroding to the fund management laster net value report(up to Jan. 11), fund holders holding different investment types will encounter an “one hand lost and the other gain” situation. There have been 92 equity open-end funds(including the share weight holding type and the active allocation type) net value higher than that of Oct. 16, 2007, setting up a new high. But unfortunately, the 4 QDII funds, taking oversea investment last year, are linger around 1 yuan.

The report shows that among the 242 equity funds, there are 92 funds whose accumulated net value more or less exceed that of Oct. 16. In which there are 61 equity funds and the top 5 are as followed: China AMC Large Cap Enhanced Fund rising 13.30%, Harvest High Quality Corporate equity fund growing 11.57%, China AMC small and medium borad ETF increasing 9.91%, Full Goal Tianrui Regional Wealth Fund enhancing 8.59% and BOC International Sustainning Growth equity fund lifting 7.85%; and there are 31 active allocation fund and the top 5 are, Hua’an Baoli Allocation Fund surging 7.87%, Everbright Pramerica New-Growth Equity Fund climbing 5.00%, Hua an mid-cap and small-cap growth equity fund growing 3.87%, China AMC blue chip core mixed fund increasing 3.79% and Industrial Global Vision Equity Fund rising 3.66%.

It is widely divergent in the QDII investing oversea. According to the Wind data, the Southern Global Enhanced Balanced Fund net value was0.927 yuan up to Jan. 14 while the CIFM Asia Pacific Advantage Fund was 0.887 at Jan. 9 as well as the China AMC Enhanced Global Equity Fund 0.871 uan at Jan.9 and the Harvest Oversea China equity fund 0.869 at Jan.4.

For such a mixed performance, MaiDeguang, the the Hong Kong Tai Fook Securities research director said the domestic investors are still have a large investment opportunity in the oversea market particularly the Hongkong market. That is the Hongkong stock valuation is reasonable at present, and the price is lower than A share. Meanwhile there are many high quality corporations there and the market open further as well as there are risk hedging tools for use.

Another views from Century Securities, SuKeyan said, the A share will greet a higher valuation and premium under the RMB appreciation, rapid economic growth and a elated view from both home and abroad background. Therefore, he did not recommended a roughly high proportion for QDII funds in the domestic investors’financing portfolio.

Copyright Fund China 2008.

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