From: China’s Financial Information
Compiler: http://www.fundcn.org

Closed-end fund shares are no longer limited to investing 80% of the ratio of investment restrictions. Xinhua yesterday from the trial of UBS Fund Corporation, First base closures innovative gave UBS Ruifuji led by the only real sense of the pure equity funds, equity investments of up to the maximum of 100%, while the existing closed-end funds investment ceiling for 80%.

It is understood that the old closed-end funds investing in stocks with the highest proportion of only 80%. This led to closure-old can not fully share the domestic bull market returns and the current ratio of stock investment ceiling to 100% will be the cast of the UBS Ruifuji a big highlight. States related to UBS also said that Bulgaria shares of the Fund subject to a smaller proportion of the investment restrictions, usually in the market has risen sharply in the process has been over-earning opportunities are relatively few, and the trial of UBS Variety Innovation Fund to absorb the preferred shares, and floating rate debt capital preservation fund advantages while it shares the fund is the investment ratio for those with low risk tolerance of investors, not lost access to robust stock market gains, the excess revenue opportunities.

Domestic bull trend remains unchanged pattern has led many equity funds to benefit from the open-stock fund, WIND According to the data, May 29 to June 27 day, Kaohsiung transactions 120 open-stock funds, 92 will be reduced net rise, nearly 80% open stock-index fund facing a huge decline in realized net growth This shows that the current market equity funds are unique charm. Moreover, although the fund from July 1 with the implementation of the new accounting standards, but the market is generally believed that – currency debt and short-affected larger funds, and equity funds affected by the new accounting standards was not greatly affected.

Galaxy Securities analyst Wang Qunhang Fund, the establishment of an open-end fund stock investment ceiling in order to meet redemption, but the scale of closed-end funds is fixed, the problem does not exist, closed-end funds innovative ratio of stock investment ceiling decontrol is reasonable. He believes that innovative closed-stock investment ceiling lifted, giving fund managers more space for the operation, particularly in the bull market rates will help fund more market share gains.

Copyright Fund China 2009.

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