mutual funds

Five New Mutual Funds Approved in China

From Reuters via Gulfnews.com : China’s securities regulator has approved the creation of five new mutual funds, including three mainly for stock investment, in an effort to support the sagging domestic stock market, a...

China Next New Big Market For U.S., European Mutual Funds – CNNMoney.com

From CNNMoney.com: Even managers at Mellon Asset Management admit to being surprised at the opening-day reception for their newest mutual fund. Within hours after launching on Sept. 13, their Southern Global Enhanced Balanced Fund sold more than $2 billion in shares, and by day’s end, it had attracted some $8 billion. The biggest surprise: Shares […]

Guangfa’s Chen Buys Winemakers to Lift Small-Cap Fund – Zhang Shidong

From Bloomberg: Chen Shide is beating all mutual funds investing in China by buying shares of Shanxi Xinghuacun Fen Wine Factory Co. and Yantai Changyu Pioneer Wine Co., which are benefiting from growing personal incomes. Chen’s 1.69 billion yuan ($212 million) Guangfa Small Cap Growth Equity Fund has returned 101 percent over the past 12 […]

Call for China to cap new mutual funds – Florian Gimbel

From the Financial Times (link): A senior industry expert is calling on the Chinese securities regulator to limit the number of new mutual fund launches, amid concerns over massive asset outflows from existing fund products. Shiv Taneja, head of the Asian operation of Cerulli, the specialist research firm, said he would make his case during […]

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