Article: QFIIs IN CHINA BENEFIT FROM YUAN APPRECIATION.

BEIJING, Oct 13 Asia Pulse - Foreign-owned investment funds were more lucrative than domestic ones in September, with the appreciation of the Chinese currency contributing to one sixth of their yields, Xinhua-run Shanghai Securities News reported on Thursday.

Funds managed by qualified foreign institutional investors (QFIIs) gained an average profit of 5.77 per cent in September, compared with 5.08 per cent of monthly profit made by domestic funds, the paper reports.

The higher yields of the foreign-owned funds partly derived from the appreciation of yuan, which in September gained 0.63 per cent against the US dollar, 0.78 per cent against the Hong Kong ...

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