Net Values of New Funds Fall by Big MarginThe securities investment funds reported weak performance in the second week of the new year with the adjusted net values of new funds totaling 68.5706 billion yuan, down 2.46 percent.The weekly report of net values of securities investment funds released Monday indicated among the 33 securities investment funds, only Tongzhi Fund posted a slight increase of 0.16 percent. Based on the adjusted net values, Fund Yuyang, Fund Kaiyuan, Fund Yulong and Fund Tianyuan were the four top decliners with a drop of 5.23 percent, 5.13 percent, 4.42 percent and 4.05 percent respectively. In terms of fund size, funds with a size of around 2 billion were the biggest losers with an average drop of 2.75 percent and funds with a size of 3 billion also registered an average slide of 2.43 percent. (Panorama) |
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