BIZCHINA / Investment Vehicles & Performance |
Mutual funds net record high yields(Xinhua)Updated: 2007-01-18 16:34 The assets of China's booming mutual fund market surged to a record high in 2006, said an industry report. Several types of mixed fund - an investment fund including both equities and bonds - jumped between 95.15 to 124.74 percent in 2006, said Lipper, a fund rating agency in its latest analytical report. The total market value of mutual funds rose 83 percent from US$60 billion at
the beginning of 2006 to more than US$110 billion by year end, according to
figures released by Z-Ben Advisors, a research institute. (For more biz stories, please visit Industry Updates)
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