All type bag making machine s of China funds gain in February - Lipper
bag making machine flowmeter solar combiner Box green dresses outdoor playground equipment top entry ball valve glass paperweight vetement en ligne pas cher sacs pas cher miniature circuit breaker outdoor playground mass air flow sac pas cher chain saw ball valve manufacturer veste noir pepper mill Trunnion mounted ball valve Surge Protection Device PV inverter
All types of China funds gain in February - LipperPublished: 13 Mar 2009 01:52:32 PST

SHANGHAI, March 13 - All types of Chinese mutualfunds posted gains in net asset value per unit last month as thestock market rallied and money market liquidity stayed loose, astudy by fund data firm Thomson Reuters Lipper showed on Friday.

Pure equity funds performed best, posting an average gain of3.86 percent for February and bringing their total gain so farthis year to 10.90 percent.

But they underperformed a 5.30 percent rise in February bythe CSI 300 Index <.CSI300> of top Chinese stocks, which surgedduring the first half of the month in response to data suggestingthe economy might soon start recovering.

Money market funds were the worst performers, gaining only0.13 percent in February, as bill and bond yields generally movedsideways or rose amid signs that the central bank was becomingless likely to ease monetary policy further.

Twenty-one funds trading Chinese A shares through thecountry's Qualified Foreign Institutional Investor (QFII) schemeposted an average return of 3.33 percent. Chinese A-share fundsrun by Scottish fund manager Martin Currie were the bestperformer in the group with a gain of 8.18 percent.

Total net assets at QFII funds shrank 10.2 percent fromJanuary to an estimated $6.82 billion in February as many foreigninvestors became wary of the speed of the stock market's rally,Lipper said.

Net assets at the iShares FTSE/Xinhua A50 China Tracker<2823.HK> shrank 21 percent; its assets are particularly volatilebecause many foreign investors, not yet having obtained QFIIlicences themselves, use the Hong Kong-listed fund to bet on theChinese stock market, Lipper said.

Funds investing Chinese money in foreign markets under theQualified Domestic Institutional Investor (QDII) scheme fell 1.50percent in February as global stock markets continued tounderperform the Chinese market. That brought their losses so farthis year to 9.38 percent.

喷嘴 管理咨询 現金化 港澳游 深圳搬家公司 北京翻译公司 XP系统下载 弹簧 dental bearings