The first fund of Agricultural Bank of China has been approved to be issued

By Han
Published: June 16 10:16

GUANGZHOU (Fund China) - Agriculture Bank of China-Calyon Industry Growth Fund, which is the he first fund of Agriculture Bank of China-Calyon Fund Management Company, has been approved to be issued. Investors can buy the fund in a few days.

Agriculture Bank of China-Calyon Fund Management Company is one of the companies of the four major state-owned banks and it is the last company that issues its fund. As the first fund product of Agricultural Bank of China, the bank may spare no effort to show its channel advantage. Just so, it is expected that the fund will raise a large scale, breaking the recent equity fund issued downturn situation.

It is learnt that the proportion of investing in stocks will range from 60 to 95 percent. The fund will focus on investment in growth industries.