The bullish market unshake the fund industry pattern
GUANGZHOU (Fund China) - From a comprehensive view of single fund performance in 2007, the outstanding achievement of single fund is quite different among the equity funds and mixed funds. And from a overall view of the fund managements, different managements’ overall management abilities are quite different. The China Post & Capital Fund Management gains a more than 190% outstanding performance while many other fund managements whole achievement are under the agerage level.
But if seeing from the whold fund indutries, the fund market share’s concentration is not obviously increased. According to the ESSENCE SECURITIES research, the top 5 fund managements and the top 10 fund management’s market share are not increading but shrinking compared with the 2006 fund market share.
The top 5 biggest fund scale fund managements’ market share is 32% and the top 10 fund managements market share is 50% at the end of 2007, but the top 5 bigest fund scale fund managements’ market share in 2006 was 40% showing a shrinking trend in the 2007 fund market share. The small & medium fund managements’developments are fater than the big fund management.
And if compared from the individual fund management capital scales, the large and the small fund managements are quit different. Accroding to the Wind informantion’s statistics, among the 58 fund managements having fund operating, there are 3 fund managements’ asset scales over 200 billion yuan at the end of 2007, they are China Asset Management, Bosera Asset Management and the Harvest Fund Management. And there are 12 fund managements which the whole asset scale is lower than 10 billion yuan.
Copyright Fund China 2008.
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