GUANGZHOU (Fund China) – QDII funds invested oversea seem to be born at the wrong time, was hit strongly by the United States subprime mortgage at the first landing. Up to Jan.15, .the four QDII funds net value issued separately were China AMC Enhanced Global Equity Fund 0.8690 yuan, Harvest Oversea China equity fund 0.8460 yuan, Southern Global Enhanced Balanced Fund 0.884 yuan and CIFM Asia Pacific Advantage Fund 0.861 yuan.

Leave the management fee out of account, the four QDII funds net value average 0.865 yuan.(the issued price is 1 yuan). Supposing that each fund basic scale maintains around the original 30 billion shares, these four founds overall have lost more or less 16.2 billion yuan.

Despite the fund managements all advocate for a long invesment for QDII funds, we have to admit that the losing investors have been starting to doubt the value of the QDII funds.

The fifth QDII fund, ICBC Credit Suisse China Chance Global Allocation equity fund followed the publishment of the QDII regulation issued at Jan. 3 with a raise ceiling of 22 billion yuan. The annual management fee rate is 1.8% and the trustee fee 0.3%. Fhis fund has been circulating for more than 10 days but still can not move to the end.

Copyright Fund China 2009.

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