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Southern Fund QDII on less than a month net growth of 3%

By Fund China
Published: 15:32, October 17th, 2007

GUANGZHOU (Fund China) – China Southern Fund Management Company, the stock of domestic first-qualified domestic institutional investor (QDII) fund – Southern Global Select Configuration Fund set up less than a month, the Fund had net growth of 3%, of which the Fund of Hong Kong’s resources stocks and telecommunications stocks were re-point investment.

According to the company press release, Southern Global Select Configuration Fund on September 19 formally established the first size of about 30 billion yuan, which is now in closed period. The Fund since September 24 started to build, according to the Southern Fund companies announced on its website on the net value of the latest situation, as at October 12, the Fund net 1.03 yuan.

A press release quoted Southern Global Select Configuration Fund fund manager Xie Weihong said, as bullish global equity markets, the Fund adopted a proactive strategy to purchase, the fund’s assets were installed on Hong Kong, the United States, Japan, South Korea, Brazil and Russia.

Copyright Fund China 2009.

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