Golden Eagle Fund win the 2007 balance fund Star Award
GUANGZHOU (Fund China) - The “2007 China Star Fund the best custodian bank evaluation” hosted by the Securities Times and Co-organized by ESSENCE SECURITIES announced today. Golden Eagle Enhanced Stock Composite Fund is awarded the 207 balanced fund star award due to its excellent performance.
The Securities Times fund star award is based on the evaluation of the Securities Times fund valuation system established solely. According to each fund management and funds’overall performance throughout the whole year, this valuation system mainly uses a quantitative analysis and colligates the votes from the comprehensive securities’ reserachers, the custodian banks and the experts in fund industry. Therefore, the result is fairly anthoritative and has a obvious guidance significance.
The Golden Eagle Enhanced Stock Composite Fund really deserved this 2007 balanced fund star award. Because according to the MorningStar China statistics, up to Jan.10, the Golden Eagle Fund net value growth rate reached 122.63% last year, ranking NO. 3 in the same type funds. And up to Jan.9, the Golden Eagle fund net value growth rate rose to 130.05% since its split at Nov.26, 2007. The growth increased quit rapidly.
Meanwhile, as the fund must hold a proportion of more than 20% in treasury bonds, the risk in the equity asset the fund beared is really low. And this fund evaded
And due to the Golden Eagle team’s “slow rise and quicky slump” accurate judgementfor 2007 and studying of various factors that may cause the decrease in the market and a good preparation for such decline, the Golden Eagle Fund evaded successfully some sharp collapse risk. According to the WIND data, due to the Golden Eagle fund initiative timing ability, the fund defensive capability ranked NO.3 in the 9 crashes which the daily drop range is wider than 4% this year and was treated to be one of the morst defensive fund in the sharp turbulence 2007.
Copyright Fund China 2008.
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