Galaxy Asset Management Company paid 60 million Yuan to purchase its funds
GUANGZHOU (Fund China) – Galaxy Asset Management Company announced that today the company would use 60 million Yuan fixed asset to purchase its two open-end funds. On the one hand, 20 million Yuan would be used for the issuing fund, Galaxy Superior Growth Fund. On the other hand, 40 million Yuan would be used for Galaxy Income Fund. But many investors questioned that fund companies would not suffer from loss when there were changes in the stock market because they used other people’s money to invest. To explain the motivation of purchasing its funds, the company stressed that the company’s bringing out a huge amount of money is to show its willing to stand with investors.
Copyright Fund China 2009.
You Might Like:
You must be logged in to post a comment.