UBS SDIC Fund Management Company will spend 20 million Yuan buying its new fund

By Han
Published: 11:22, May 23rd, 2008

GUANGZHOU (Fund China) - It is learnt that Fund Management Company would spend 20 million Yuan buying its new fund, UBS SDIC Stable Growth Mixed Fund. UBS SDIC Fund Management Company will spend 20 million Yuan buying its new fund. The fund’s manager is Yuan Ye who is a veteran fund manager. Investors can buy the fund in Industrial and Commercial Bank of China or other major banks as well as brokerages.

The company said that the company’s buying its own new fund was to show its confidence to the fund’s performance.

According to some statistics, the funds of this company showed stability in the shock market. The net growth rate of its equity funds and mixed funds ranked top 1/3 among the similar funds. Besides, in April the performance of UBS SDIC Prosperous Industries Fund directed by Yuan Ye ranked 5 among the 58 partial equity mixed funds.

Copyright Fund China 2008.

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