Fortune SGAM China-Overseas Growth Equity Fund will be issued

By Fund China
Published: 09:50, March 22nd, 2008

GUANGZHOU (Fund China) - An oncoming issue of Fortune SGAM China-Overseas Growth Equity Fund, and is expected to raise the scale of 30 billion dollars, each a minimum subscription amount of 5,000 yuan. Targeted at overseas markets, investment, the fund designated fund manager Lei Yong said that the Hong Kong stock market, after substantial adjustment has been more reasonable valuation levels. China’s economy this year and the company will be more profitable high-speed growth, the negative interest rate environment of Hong Kong, a huge 2008 stock up or down substantially less likely, it may be shocks and generally have a certain level (for example 10% -40%) up to the normal operation. Therefore, the new issue of QDII funds will be a better investment opportunity, which is the fund compared to the first issue of QDII fund’s largest investment advantages.

For the principle of prudent investment, Lei Yong said that the new investment fund plans to first liquidity of the bond market, such as the United States treasury bonds, according to investment opportunities in the stock market gradually investment. According to reports, Fortune SGAM China-Overseas Growth Equity Fund’s equity investments including Hong Kong Stock Exchange and all the shares in Singapore, the United States listed Chinese companies.

Copyright Fund China 2008.

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