Black Monday and Black Tuesday is circling over fund market

By Fund China
Published: 23:03, January 23rd, 2008

GUANGZHOU (Fund China) - The funds are covered with a dismal mood along with the general investors after suffering a “black Monday” and a “black Tuesday”. The data from Galaxy securities research center shows that experienced the big sell-off at Tuesday, the fund board was in a word, lost through and through. The 239 funds pertinent to shares including 128 equity funds, 58 funds heavy weighted in shares, 24 balanced funds, and 17 index funds, 8 bond funds even 4 Guaranteed Funds all fell. Their net value is in negative growth.

Full Goal Tianrui Regional Wealth Fund and Fortune SGAM Multi Strategy Growth Fund dropped less than 1%, the only two lest lost among all the funds. The largest decreased fund fell more than 12%. Most of funds net value shrunk more than 5% in yesterday’s sell-off. Only 6 funds dropped less than 4%. They are Full Goal Tianrui Regional Wealth Fund , Fortune SGAM Multi Strategy Growth Fund, Balance fund: China International Dual Income Balanced Fund, China AMC Return Fund and Bosera Balanced Allocation Fund.

Copyright Fund China 2008.

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