From: Securities Times
Compiler: http://www.fundcn.org

Invest own funds in space thickening profit

Since the beginning of this year, fund companies to invest their own funds with great enthusiasm, Many fund companies use this method to share bull market rates in the enormous proceeds, so as to create their own addition to the management fee income from the increase another way. Smaller companies and the new companies can also invest their own funds to ease the pressure on the operators.

“Self-production and sales,” an appreciable gains

Since the SFC allow fund companies to invest their own funds, it has a number of fund companies purchase their management of the Fund, In 2006, the bull market in Pakistan, his own investment fund generous returns. Silver Schroeder, such as a change in the company by the end of 2005 with 20 million yuan of his own money to purchase the 21.68 million copies of selected BOCOM The fund last year grew net 135.29%, more than doubled. Last year, investment funds own big bucks were Peng Hua, South, Huitianfu other fund companies.

Tianxiang Investment survey, Last year, almost every fund companies ranging from the number of holders of closed-end funds Last year, closed-end funds are equally astounding increase, the largest increase of over 200%. The smallest increase is 110%, fund companies have their own access to the base closure doubled glut of surplus income.

Continue to invest their own funds

Last year’s bull market prices for many holders of the Fund’s own company has tasted the sweetness of the year, Fund companies are constantly Notice purchase their management of open-end fund, with the situation two years ago is different Fund companies purchase most of the higher expected return of partial shares Fund. Days from the investment equivalent to incomplete statistics, as of last week, there were 15 fund managers of their purchase, and these bonds and Shi Jia Hua Xia two bond-fund bonds, Bright Currency, a currency money market funds and the remaining 12 partial shares for all Fund.

Data showed that merit closed-end funds as holdings of the fund companies targeted. A quarter Yifangda Fund holdings are fully under the four closed funds, its holdings Kexun Fund, the Fund Kehui, Fund Kerui Kexiang Fund and the ratio reached 4.98%, 6.97%, 2.30% and 5.73%; Guotai Fund companies substantial holdings of the Fund and the Jintai Fund Jinsheng; Baoying Fund Hongfei fund holdings over 1,800 million.

Approaching expiration of the closed-end funds by the same fund company’s favor, Penghua Fund in the first quarter of substantial holdings Puhua Fund and the Fund Purui two closed-end funds Dacheng Fund holdings Jingbo, Huaxia Fund Xingke fund holdings, South Fund holdings Fund Jinyuan, thus in the second quarter and the “closed-end funds to open-end funds” to achieve huge gains.

Small companies took advantage of the opportunity to ease the pressure on business

Despite his own investment fund, as many of the South and the Huaxia such powerful companies, but Analysts believe that the Fund relative to large companies, own investment fund for small companies, especially the newly established fund companies is even more significant.

Jutian Fund’s investment experience can be used to describe the problem last year, on April 25, Jutian Fund spent 10 million yuan purchase 10.03 million in basic industries Jutian Fund from the date of purchase, last Friday, the fund net growth of 157.58%. Jutian Fund on the investment they make more than 1,500 million During the period, the Fund’s management fee income not only After a few millions.

Nuoan propels fund companies belonging to the three partial-fund shares bought all again, in March last year and January this year. Nuoan Fund has spent 35 million yuan and 20 million yuan of funds owned application Nuoan equity funds, Last year in November, with 37 million yuan purchase Nuoan value in January this year. with 10 million yuan purchase Nuoan balance. Investment days compared to the statistics, since the beginning of this year, three funds were net increase of 69.8%. 72.53% and 56.83%. In other words, so far, Nuoan Fund has earned more than 600 million.

Currently, only one of China’s postal Fund venture capital firms in January of this year with 800 million yuan to purchase under the China Post G quality choice, and the fund this year’s net growth has doubled. The same period, the management fee income was estimated that only over 20 million yuan.

Fund companies enormous cost of the initial investment for many new and small companies embarrassing burden, Many fund companies are also in last year’s bull market are still the main cause of the deficit. These companies own modest investment fund can effectively alleviate the pressure on their operation.

Copyright Fund China 2008.

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