国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

   

First stock-oriented QDII fund launched

By Shangguan Zhoudong (chinadaily.com.cn)
Updated: 2007-09-12 14:19

China's first stock-oriented fund under the qualified domestic institutional investor (QDII) program was launched by China Southern Fund Management Co Ltd today, the Beijing Daily Messenger reported.

The fund is available to subscribers as of today at many banks including the Industrial and Commercial Bank of China, China Construction Bank, Agricultural Bank of China, China Merchants Bank, Bank of Communications and Post Savings Bank of China. Subscription will close on September 28.

Related readings:

 China approves 1st stock-oriented QDII fund
 China mulls lowering threshold for QDII investment
 CICC first China broker to get QDII licence - source
 China unit of JPMorgan wins QDII nod
The fund has an initial sales charge of 1.5 percent. It differs from existing QDII funds in that it will be available for redemption and purchase daily after a maximum three-month lock-up period. And its net asset value will be published every trading day.

The new fund can invest 100 percent of its assets in global stock markets, instead of investing only in low-risk, low-return bond and currency markets, according to an earlier Shanghai Securities News report.

It can invest in 48 overseas equity markets, out of which the ten most valuable markets will be carefully selected for key investment.

Currently, the ten markets include the developed markets of the United States, Japan, China's Hong Kong, Switzerland and Italy, as well as emerging markets of Russia, India, Brazil, Malaysia and the Republic of Korea.

In developed markets, the fund is aiming for steady average income in the long term by investing in ETFs, while in emerging markets it will mainly invest in ETFs and mutual funds. In Hong Kong, it will directly invest in stocks.

The Chinese government has tried to encourage investment in overseas markets since 1996 in an effort to curb excessive liquidity.

Last year, the Shanghai-based Hua An Fund Management Co Ltd became China's first fund management firm to be allowed to invest overseas as a pilot QDII, with a quota of US$500 million.

Its first QDII product, launched in November last year, raised US$197 million and yielded five percent over the subsequent six months.

So far, a total of seven funds have gained government approval to conduct QDII business.


(For more biz stories, please visit Industry Updates)



聂荣县| 同江市| 青海省| 旬阳县| 威远县| 巴林右旗| 手机| 黔江区| 甘南县| 黄陵县| 宁国市| 保山市| 漠河县| 那坡县| 松桃| 安庆市| 陇西县| 静安区| 田林县| 乐东| 海宁市| 武宣县| 石嘴山市| 仙游县| 扶沟县| 泸西县| 时尚| 嘉荫县| 滨州市| 西畴县| 皮山县| 通化市| 周宁县| 沾化县| 兴山县| 岳阳县| 龙州县| 吴川市| 忻城县| 蕉岭县| 永兴县|