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Article: QFII FUNDS FINE-TUNE STRATEGY IN A SHARE MARKET

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AsiaInfo Services
Article date:
September 28, 2009
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AsiaInfo Services
09-28-2009
QFII Funds Fine-Tune Strategy in A Share Market

SHANGHAI, Sep 28, 2009 (SinoCast Daily Business Beat via COMTEX) -- Funds investing in the Chinese stock market under the Qualified Foreign Institutional Investor (QFII) program made a slight adjustment in their investment strategies in August in accordance with the changing market evaluation.

Funds trading renminbi-denominated A shares started to lifted their holdings in cyclical stocks like nonferrous metals, coal, and banking in the month, according to the latest monthly report on A shares-trading QFII funds released by the Shanghai Securities News and Lipper, a fund data firm under the aegis of Thomson Reuters.

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