stock and fund knowledge  

Bo, the rich countries take the lead in such nine fund companies to disclose the fund’s 101 semi-annual report 2010. The report shows the direction of the first half of the stock funds in general a loss, but the management fees paid are not substantially reduced.

First half of 2010, the stock market trend showing lower volatility, the Shanghai index fell 26.82 percent. Stock affected by changes in the direction of the net funds received by the market Heavy, different degrees of loss, the stock has been disclosed in semiannual reports to the Fund without a profit. Correspondingly, bond funds and money market funds for investors devote a more substantial benefits, such as when the credit Bo Bond Fund (A / B) during the period reached 015 million yuan profit this issue, Li & Fung Cheung Shun Bond Fund current profit to 0.12 billion, net growth rates of the two funds in the first half reached 5.79% and 3.85%.

Although the direction of fund shares common loss, but the fund management fee income has not followed a substantial decrease in the direction of stock fund management fees rise, not fall. Analysts believe that the fund management fee income remained relatively high level is mainly due to a daily accrual fund management fees, fund the first half of the daily average asset size is not significant compared with the 2009 decline, it will not fund Management fee income have a major impact.

Market outlook in the second half, when the balance of fund managers Taurus Ji Jinbo Yang Rui, said the government is expected to tighten policy in the overall situation will be very cautious policy toward market concerns about the uncertainty will be gradually eliminated, and the industry-to encourage or limit the policy is expected to continue introduced to help achieve structural adjustment, and keep the industry may be an ongoing policy.

Outstanding performance during the first half of Soochow aggressive fund managers Wang Jiong believe that although the economy is still in the downward trend in the second half, but further tightening of macroeconomic policies are likely to reduce, while the overall market valuation is below the historical average. She said it will focus on allocation of medicine, food and beverage, and with the developmental direction of the new industries, and appropriate participation in banking and real estate industry and macro-economic rebound opportunity close.