GUANGZHOU (Fund China) – Although the CSRC had speed up the approval rate of the new funds, the new fund’s issue is low because of the effect by the A-share’s adjustment. Some fund companies begin to buy the old or new funds of their own.

Yesterday, Soochow Dynamic Round Equity Fund announced to set up, the collecting money is 3.173 billion yuan, become the fifth partial fund after buying funds since this year. Soochow’s dynamic round information show that its open to the community to raise form March 17 to April 17, and the effective number is 25,180, the average amount of each subscription is 126,000 yuan.

This year, the CSRC has approved more than 40 new funds, which is the same as the approved new funds last year. However, fund holders seem to have tired of tasting. “Difficult issue” become the primary problems of all fund companies. In addition to raise goal of reducing, more and more funds have to digest the new fund by themselves.

Galaxy Fund said that it will buy its two open-end fund with its inherent assets of 60 million yuan on April 23.

Copyright Fund China 2009.

You Might Like: