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Bond funds excel in 2008 as stocks plunge, bank interest rates drop

China's bond funds achieved higher returns than most stock-invested funds last year, as investors sought safer tools when the global financial crisis resulted in stock plunges and interest rate cuts. Altogether 25 bond funds calculated by the... ...full story at People's Daily

from People's Daily on Fri, Jan 30 2009

see also:

24 Dec 08 visit Market Report - Asian Shares Ignore China Cut  »  YouTube videoWONG: Asia stock markets retreated for a third straight day today as more investors locked in profits on the year-end rally and prepared to close their books ignoring a rate cut by China. The People's Bank of China eased interest rates by a quarter of a...
02 Apr 08 visit Chinese stock-related funds saw net redemption of 17 bln yuan in 1st quarter  »  People's Daily Chinese stock funds and mixed-typed funds, which together attracted millions of investors with their outstanding performance on the Chinese stock market last year, are losing buyers. These funds reported a net redemption of 17 billi ...
31 Mar 08 visit Chinese funds see profits surge on stock investment last year  »  People's Daily Chinese funds saw profits more than quadruple last year on gains from the stock market, Xinhua learnt on Monday. Altogether 341 funds reported total profits of 1.12 trillion yuan (160 million U.S. dollars) last year, 314 percent up ...
16 Feb 08 visit Another two stock funds approved to boost equity market  »  People's Daily Another two closed-end stock funds have won regulatory approval, the China Securities Regulatory Commission (CSRC) said on Friday. This followed an earlier approval of two such funds, which ended a five-month freeze on new funds, ag ...
18 Feb 08 visit Two stock funds to make debuts to thaw fund freeze  »  People's Daily China's sliding stock market is expected to receive a boost on Monday with the opening of two new limited stock funds. CCB Principal Asset Management's Jianxin fund and the Nanfangshengyuan funds run by China Southern Fund Managemen ...
06 Mar 08 visit Sluggish stocks spur new interest in bonds  »  People's Daily SHANGHAI: Investors are turning to bonds and other alternative investment vehicles amid a lackluster stock market. Four funds invested in government bonds and other fixed-income securities were floated in the past two months. The benc ...

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