Seventh equity fund approved

By Sapientia
Published: 10:10, March 22nd, 2008

GUANGZHOU (Fund China) - Franklin Templeton Sealand Deepen Value Equity Fund, HSBC Jintrust 2026 Life-cycle Fund, Orient Strategic Growth Equity Fund, such as three equity fund yesterday by the China Securities Regulatory Commission for approval, will soon issue. In addition, the company reported Penghua Fund Management Co., Ltd. Fenghua Bond Fund was also approved yesterday by the CSRC, will soon issue.

According to reports, Franklin Templeton Sealand Deepen Value Equity Fund is Franklin Templeton Sealand Fund only its fourth fund products, approval for the amount of 10 billion yuan. Deepen the value of the so-called investment in the value of investment on the basis of profit growth through the development of selected indicators “refined” stocks. HSBC Jintrust 2026 with the company in 2016 with the original type of life-cycle funds, such amount of the equity investments of the Fund with the passage of time will gradually decline, the simple understanding is that, as investors grew older, the risk of investment gradually lower.

This is the seventh instalment of this year have been approved to issue the direction of the stock fund. Since the date from February, the CSRC approved 18 stocks with the direction of the Fund. In volume terms, since February this year approved the issuance of the new fund last year, the number is equivalent to half of the year. This year was the first issued by the end of the new funds are raised. AXA SPDB Investment, BOC International Investment, Orient Fund Management’s new fund are being sold, the other has approved the new fund is actively preparing for the sale.

Insiders pointed out that stock funds will continue to issue approved an injection of capital market activity, but the new fund issued weakening effect, the secondary market profits this year of weak markets and weakened, making new fund issue is not optimistic. However, as more and more fund issue, the industry also believes that quantitative changes gradually accumulate also are likely to face short-term market funds brought positive changes.

Copyright Fund China 2008.

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