GUANGZHOU (Fund China) - It is reported that due to the stock market continual turbulence, the shanghai & Shenzhen fund index opened low and moved low in the morning trade today. The fund index nearly dropped 1%, without any rebound in the morning. The SSE fund index lost a lot and downed below 5400. the closed-end fund nearly all out excluding three funds grew slightly.

The SSE fund index opened at 5440.33, a little lower than a previous trading day(lower 2.68) and dropped 0.91% to 5393.57 in the morning closing; the SZSE fund index opened at 5370.65(higher 2.84) but slumpped 1.01%, closed at 5313.64 in the morning. The half day fund trading volume of the both exchanges is 1.854 billion yuan with a number of 8.355 million contracts.

In the trading Cap, the 34 closed-end funds almost all fall down except 3 funds which are as followed: Hongfei Fund( Baoying Fund Management) rose 0.17% and Kehui Fund( E-Fund Management) was up 0.10% as well as the Kexiang fund grew 0.20%. And for the fund that fell, The UBS SDIC ruifu classification equity fund lost 2.24%( the worst lost),and the Yulong Fund( Bosera Fund Management) dropped 1.59% following the Jinxin Fund (Guotai Fund Management) tumbled 1.57%.

In the LOF on-floor trading market, among the 26 funds,there are only 6 fund grew,while the other 20 funds all fell down. The Bosera Thematic Industries Fund grew 1.29%(the NO.1)following the China Nature Core Growth Fund increased 1.22%. And in the lost side, the China Industry Selected Equity Fund which grew largely yesterday dropped 2.07% sharply in the morning trade(the worst lost), and the Penghua Good Quality Government Equity Fund slumped 0.59% following the Lombarda China New Trend Equity Fund lost 0.57%.

Fortunately, most of the ETF grew up except the China AMC Shanghai 50 ETF fell 0.61% to 4.410 yuan and the SSE Dividend ETF dropped 0.04% to 5.001 yuan. The Hua’an Shanghai 180 ETF rose 0.05% to 5.893 yuan and the E-Fund Shenzhen 100 ETF was up 0.052% and closed at 5.893 yuan as well as the China AMC Small/Mid Cap ETF enhanced 0.87% to 3.120 yuan in the morning trade.

Copyright Fund China 2008.

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