Average return falls
By Winny Wang |
May 15, 2010, Saturday
|
Print Edition
Print Edition
THE average return of funds managed by overseas institutions trading in yuan-denominated shares slumped 7.91 percent in April after the key stock index fell 7.67 percent, a report said yesterday.
The fall was faster than a 5.33 percent drop in the average return posted by domestic equity funds, according to Lipper & Co.
The average return of funds under the Qualified Domestic Institutional Investor scheme, which allows domestic firms to invest in overseas stock markets, dipped 0.02 percent.
The fall was faster than a 5.33 percent drop in the average return posted by domestic equity funds, according to Lipper & Co.
The average return of funds under the Qualified Domestic Institutional Investor scheme, which allows domestic firms to invest in overseas stock markets, dipped 0.02 percent.
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