GUANGZHOU (Fund China) - Fund China reported that the China Universal Enhanced income bond fund has gained an approval from the China Securities Regulatory Commision and will issue recently. This is the frist bond fund than can invested in the new shares’ IPO gained approval from the CSRC 2008.

The China Universal Enhaced income bond fund balances investments in bonds and new shares’ IPO. The fund mainly invests in the the fixed return field from a the low risk investment choice amd meanwhile actively speculates in the primary market new shares’ IPO which would help to gain a stable yield in the basis of the capital liquity protection. Some related staffs in China Universal Fund management said the active allocation bond fund will help to establish an offensive and defensive bonded together , stable return invest mode. According to the WIND information data, the equity fund net value largely shrunk due to the adjustment in the stock market, and among the top 10 of all the open-end fund net value growth ranking, there are 9 bond funds. The interest has gains its sixth consecutive plus in 2007, and the posibility for next interest rate increase is limited judging from the enterprise capital cost and the RMB and foreign currency policy coordination. This round of interest rate increase is expected to end gradually and now it is a good time for speculating in bond fund.

Copyright Fund China 2008.

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