From: China Securities News
Compiler: http://www.fundcn.org

Yesterday, the 347 funds in 2007 finished the first half performance disclosure. China Galaxy Securities Research Center Fund, “the China Securities Investment Fund in 2007 the first half of industry statistics,” released As at June 30, 2007, 347 total net assets of the Fund 1.799073 trillion yuan. Total share of the scale of 1.25846 trillion copies by the end of 2006 were 2.1 times and 2.02 times. Direction of the stock fund net assets reached 1.67112 trillion yuan, accounting for Shanghai and Shenzhen A shares in circulation on the market of around 31.25%.

China Galaxy Securities chief fund analyst Li-Feng Hu said that the Fund’s share of the scale of substantial growth, Note fund industry in the social mobilization capability to further improve, more and more investors through the Fund to enter the A-share market. Fund’s net assets increased significantly, the Fund’s liquidity ample, purchase enthusiastic. Since many of the new fund and continuing the old marketing positions at the ratio of fund shares lower. If the stock fund investment ceiling, he anticipated that fund still has 200 billion yuan cash position could be put into the stock market.

“So the net asset value and share of the scale, ample liquidity, the overwhelming social subscriptions Fund indicate the A share market is the most powerful bull main, A stock market mainstay. At the wholesaler delicate and sensitive moment, the latest Half an Annual Report of the Fund, market to rally popular, and is conducive to promote investment value. “Hu Lifeng said.

First half of 2007, the direction of the Fund’s stock volume growth from 230 to 251. Total net from 735.337 billion yuan to 1.67112 trillion yuan, an increase of 935.783 billion yuan. The main reason for the rise, with the A shares soared direction of the stock fund and the natural growth in net new issuance and continued direction of the stock sales generate a considerable scale growth.

Statistics show that the first half of 2007 a total of 40 fund-raising establishment, all are open-end funds. Among them, the first time that the establishment of the Fund 26, for the first time, raising a total 206.149 billion yuan. The other hand, the old fund the continued marketing by investors cream. Resolution adopted by the Fund, the proportion of dividends and net worth to a more just old fund over 10 billion net worth to apply for the purchase.

s of the end of June this year, a total of 33 open-end fund shares become the scale. 52 fund net assets over 10 billion yuan, 10 fund net assets over 20 billion yuan.

Copyright Fund China 2008.

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