BRIC fund targeting China new market
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To aspire to achieve savings of Chinese investors in a variety of goals each for the China Investment Bank, is that they will drink the BRICs "love card" (Kool-Aid) drinks. Tuesday, just a few weeks on China will set up a third to focus on BRIC investment funds messages to highlight this point. According to Reuters (Reuters) reported that the fund is said to be the latest China Merchants Bank (13.07,0.00,0.00%) (China Merchants Bank) launched early next year. This year, China set up 19 new qualified domestic institutional investor (QDII) fund. QDII funds in China is allowed to invest in overseas institutional framework. The problem is that the market for those specializing in BRIC funds, Chinese investors will go for it? Reported: "The two informed sources said on Tuesday, China Merchants Fund Management Co., Ltd. (China Merchants Fund Management Co) plans to launch in China in January next year, the third month of the fund invested in BRIC markets." The fund will be established in accordance with QDII scheme, and the passive tracking the S & P BRIC 40 Index. Launched this year, the other two BRIC Fund QDII, respectively, Prudential Life Insurance (Citic-Prudential) to focus on BRIC stock equity funds, and China Southern Fund Management Co., Ltd. (China Southern Fund Management) to track the FTSE BRIC Four of 50 index index funds. Relatively speaking, the BRIC countries in 2010 less than commendable performance of the stock market. As Richard? Milne (Richard Milne) on Tuesday in the British "Financial Times" reported, and this year the stock market to track the performance of BRIC investors, the overall performance of the market as investors focused on the West. China, an attraction of these new funds is that investors can put their hands on RMB investment, including gold and other commodities, including different asset classes, thus avoiding inflation. China's QDII scheme launched in 2006 in order to realize the diversification of dollar savings, and now has a significant number of QDII funds. 2010 China Securities Regulatory Commission approved 20 new fund QDII fund issued by the Company, which increased to 30 the total number of such funds only. The new joint venture fund companies lack the figure, the foreign companies, including Credit Suisse (Credit Suisse), UBS (UBS) and Deutsche Bank (Deutsche Bank) and so on. New funds, including China's first commodity fund managed by Cathay Pacific Fund (Guotai Asset) issued last week, will invest in overseas commodity exchange traded fund (ETF). The Lion Fund (Lion Fund Management) also last week issued China's first gold ETF will invest in overseas mutual funds. In 2007 China's stock market "crazy" period, the media is filled with stocks from worker to report the National grandmother. During the financial crisis, many of these Chinese investors suffered heavy losses, after not dare to put new money to the. However, if the aura of the BRIC countries have large enough attractive, they may share these unpleasant memories behind.
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