E-Fund Small/Mid Cap Fund will be issued tomorrow
GUANGZHOU (Fund China) - E-Fund Management Company’s new fund, E-Fund Small/Mid Cap Fund will be issued on May 28. The new fund is the first small/mid cap fund of the company and it will mainly allocate small/mid cap stocks.
It is learnt that the new fund’s share asset shall take up 60 to 95 percent of the total asset. Besides, the asset of small/mid cap stocks shall not be less than 80 percent of the share asset.
Seeing from the A-share market in recent years, among the 100 stocks whose prices rose the greatest, 90 percent are small/mid cap stocks in 2005 and 2006. While in 2007, among the 100 stocks whose prices rose the greatest, only 3 are large cap stocks and the rest are all small/mid cap stocks.
Copyright Fund China 2008.
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