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December 11, 2013

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Average return of QFII funds lags QDII鈥檚

OVERSEA funds investing in China’s yuan-denominated shares gained 1.59 percent in average return in November, trailing that achieved by domestic funds, according to an industry report yesterday.

The funds managed under the Qualified Foreign Institutional Investor program, a main channel for foreign investors to tap China’s securities market, performed below the 1.98 percent return posted by the domestic equity funds last month, said research firm Lipper & Co, a subsidiary of Thomson Reuters.

In the first 11 months of the year, the average return of QFII funds fell 1.04 percent while domestic peers rose 10.50 percent despite a 2.14 percent slump in the Shanghai Composite Index.

The average return of funds under the Qualified Domestic Institutional Investor scheme, which lets domestic firms invest in overseas markets, rose 1.07 percent in November.

 


 

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