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CHINA'S INDEX FUNDS POST 125.87% JUMP IN VALUE FOR 2006.
BEIJING, Jan 1 Asia Pulse - Riding the wave of the ever-rising Chinese stock market, index funds have turned in a rosy scorecard for the year 2006.
Of the country's 311 funds ending 2006 trading on December 29, 31 index funds reported the best performance as a group, with an average net value increase of 125.87 per cent in the year, 4 percentage points higher than the rise for actively-managed equity funds. The Shanghai Composite Index has leapt 130.43 per cent in the period.
In 2006, comparable equity funds' average net value witnessed a 121.41 per cent rise, with Invesco Great Wall leading with a net value growth of 182.22 per cent.
JP Morgan's joint venture with Shanghai International Trust & Investment, China International Fund Management, also ...
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Source: HighBeam Research, CHINA'S INDEX FUNDS POST 125.87% JUMP IN VALUE FOR 2006.