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You are here: Fund China > Fund News > Closed-end funds rose more than 1%, Shanghai and Shenzhen Fund Index get a new high.

Closed-end funds rose more than 1%, Shanghai and Shenzhen Fund Index get a new high.

By Fund China
Published: 11:08, August 24th, 2007

With Bosera Fund under three Closed-end funds dividend date is approaching, closed-end funds again usher interim dividend trading in Shanghai and Shenzhen Index rose sharply today, the Shanghai Fund Index was rose nearly 100 points, rose 90.01 points or current 2.09%, the Shenzhen Fund Index was rose 85.51 points or 2% to a new record, Closed-end funds market rallied, and increase more than 1%.

As early as last year many closed-end funds have amended the terms of dividends, the instead of dividends at least once a year before instead of dividends once a year, the closed-end funds with the interim dividend should be worth for wait. Closed-end funds in the first half of the net growth has been concentrated honored, and obtain a higher realized gains. First quarter average realized gains as high as 0.43 yuan, close to 0.48 yuan last year’s average, second quarter earnings for stock investment has reached 134.008 billion yuan, investment in shares and the weighted average yield was 36.85%.

Copyright Fund China 2008.

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