Return on QFII funds climbs
By Winny Wang |
August 14, 2010, Saturday
|
Print Edition
Print Edition
THE average return of funds managed by overseas institutions trading in yuan-denominated shares jumped 10.33 percent last month after the Chinese mainland's key stock index gained nearly 10 percent to become the best performer in the Asia-Pacific region, an industry report said.
The performance outshone a 9.21 percent growth posted by domestic equity funds, according to research firm Lipper & Co.
In the first seven months of this year, the average return declined 17.85 percent year on year for funds under the country's Qualified Foreign Institutional Investor scheme, which allows overseas investors to invest in stocks, bonds and funds on the mainland, compared with an 11.96 percent decrease for domestic equity funds.
"China still faces possible slower economic growth and tighter monetary policies. Although the stock market rebounded drastically last month, it still suffers pressures when going upward and the bottom will be tested repeatedly," said Xav Feng, research head of Lipper China.
The average return of funds under the Qualified Domestic Institutional Investor scheme, which allows domestic firms to invest in overseas stock markets, rose 3.41 percent in July and declined 6.63 percent in the first seven months.
The performance outshone a 9.21 percent growth posted by domestic equity funds, according to research firm Lipper & Co.
In the first seven months of this year, the average return declined 17.85 percent year on year for funds under the country's Qualified Foreign Institutional Investor scheme, which allows overseas investors to invest in stocks, bonds and funds on the mainland, compared with an 11.96 percent decrease for domestic equity funds.
"China still faces possible slower economic growth and tighter monetary policies. Although the stock market rebounded drastically last month, it still suffers pressures when going upward and the bottom will be tested repeatedly," said Xav Feng, research head of Lipper China.
The average return of funds under the Qualified Domestic Institutional Investor scheme, which allows domestic firms to invest in overseas stock markets, rose 3.41 percent in July and declined 6.63 percent in the first seven months.
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