Southern Fund: first QDII hope next month is approved, the allocation of global market.

By Fund China
Published: 18:11, August 18th, 2007

Fund China Comprehensive Reports: Southern Fund Management Co Ltd. general manager Gao Liangyu revealed on the 18th, the first under QDII products was only yesterday (on the 17th) by the Committee of Experts of the Commission’s assessment was expected to receive formal approval next month, the amount may be more than 500 million US dollars.

Gao Liangyu said that the QDII products will be selected global configuration, respectively invest 10 markets, the United States and other mature markets of five, including five new markets. He said that the H-shares the proportion of investments would not exceed 20%, because if investment was concentrated in H-shares, in fact not have spread the risks. According to him, fund managers will come from Taiwan.

Gao Liangyu was held in Shenzhen in the Chinese capital in 2007, “China’s securities market 18 celebrations” gap made the above statement. Southern Fund is the first batch of qualified domestic institutional investor (QDII) qualifications to the fund company.

QDII Fund Special: Qualified Domestic Institutional Investor(QDII)

Copyright Fund China 2008.

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