Global Times | January 28, 2012 21:38
By Global Times |
 E-mail
 Print
|
The 367 funds of the Chinese mainland's 29 fund companies suffered a huge overall loss in the fourth quarter of 2011, according to the companies' reports released as of Friday.
The funds' total net loss amounted to 41.81 billion yuan ($6.60 billion) for the period, making an average loss of 114 million yuan per fund.
Of these, the around 200 equity and blend funds saw a total net loss of 44.14 billion yuan. The funds invested 80.19 percent of their capital in stocks, down 0.33 percentage points quarter-on-quarter, according to Beijing-based TX Investment Consulting Co.
The period saw the Shanghai Composite Index drop 6.77 percent.
Global Times
blog comments powered by
By leaving a comment, you agree to abide by all terms and conditions (See the Comment section).