ICBC Credit Suisse QDII Fund begin to profit
GUANGZHOU (Fund China) – In is learnt that the ICBC Credit Suisse Global Equity Fund that was established in February has returned over its face value, bringing profits to its investors. Its unit net is 1.0240 Yuan. However, on February 21, that is the first day of the fund’s operation; it fell below its face value and then kept falling. By March 20, its unit net had fallen to 0.9290 which was the lowest point. After that, it began to rise up and returned to 1 Yuan on April 10.
According to the latest statistics from Tianxiang Investment, all QDII funds rose in April. The average rise rate was 7.39 percent which was the greatest rise rate since October last year. Meanwhile, their revenue exceeded the domestic equity funds in the same period. Among them, the rise rate of Harvest Overseas Fund was the greatest, reaching 9.24 percent. Though ICBC Credit Suisse Global Equity Fund is still taking in position, its rise rate has reached 4.76 percent.
Copyright Fund China 2009.
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