Article: MONEY MARKET FUNDS, BOND FUNDS Q1 MET HEAVY REDEMPTION


AsiaInfo Services
05-01-2009
Money Market Funds, Bond Funds Q1 Met Heavy Redemption

SHANGHAI, May 01, 2009 (SinoCast Daily Business Beat via COMTEX) -- Money market funds and bond funds suffered heavy sell-off in the first quarter this year, and net redemption in such funds came to 43.94 percent and 38.17 percent, respectively, in terms of the data by TX Investment Consulting, a noted securities investment advisory firm in Beijing.

In the meantime, FullGoal Tianli Growth Bond Fund and FullGoal Tianshi Money Market Fund A, under Fullgoal Fund Management Company, saw net subscription in large amounts.

Total 63 open-end bond funds, which posted January-March results, collectively met a net ...

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