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Soaring index adds 77% to QFII funds
By Winny Wang |
December 15, 2009, Tuesday
|
Online Edition
Online Edition
THE average return on funds trading in yuan shares managed by overseas institutions grew 77.14 percent in the first 11 months of this year bolstered by the surging stock market, an industry report said today.
Their performance outshone domestic equity funds which rose 69.44 percent in average returns through November, according to research firm Lipper & Co.
In November, the average return of funds under the Qualified Foreign Institutional Investor scheme grew 4.6 percent, slower than a 7.01 percent increase of mixed-asset aggressive funds.
The Shanghai Composite Index gained 6.66 percent last month, faster than any other capital market in the Asia Pacific region.
The return of funds under the Qualified Domestic Institutional Investor program, which allows Chinese institutions to invest in foreign shares, grew 4.02 percent last month. The funds returned 55.69 percent on average in the first 11 months of this year, the report said.
The country resumed approval of QDII funds in late October after a 17-month suspension. A total of 60 institutions have won combined quotas of US$60 billion so far.
Their performance outshone domestic equity funds which rose 69.44 percent in average returns through November, according to research firm Lipper & Co.
In November, the average return of funds under the Qualified Foreign Institutional Investor scheme grew 4.6 percent, slower than a 7.01 percent increase of mixed-asset aggressive funds.
The Shanghai Composite Index gained 6.66 percent last month, faster than any other capital market in the Asia Pacific region.
The return of funds under the Qualified Domestic Institutional Investor program, which allows Chinese institutions to invest in foreign shares, grew 4.02 percent last month. The funds returned 55.69 percent on average in the first 11 months of this year, the report said.
The country resumed approval of QDII funds in late October after a 17-month suspension. A total of 60 institutions have won combined quotas of US$60 billion so far.
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