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在线翻译:
szdaily -> Markets
Mutual funds earn US$20b in fourth quarter
    2018-January-25  08:53    Shenzhen Daily

MUTUAL funds in China earned a total of 130 billion yuan (US$20 billion) by investing in stocks, bonds, commodities and money market instruments in the fourth quarter of 2017.

The funds reversed a loss of 27.9 billion yuan in the same period in 2016, said market data provider TX Investment Consulting Co. in a report.

In the quarter, money market funds raked in 68.8 billion yuan, still the largest money maker for fund investors.

Due to rises of consumer stocks and a recovery in the bond market, earnings of equity, hybrid and bond funds also surged.

Consumer stocks, such as leading liquor makers Kweichow Moutai and Wuliangye Yibin and milk producer Yili, were among the top 10 stock holdings for the publicly offered funds, TX Investment Consulting said.

In the quarterly reports of the mutual funds, many fund managers still showed optimism in the stock market, particularly in e-consumer stocks, said TX Investment Consulting.

Shen Kun, a Shanghai-based fund manager at Guotai Asset Management Co., said her top picks in 2018 would mainly be among consumer staples, medicine and high-end manufacturing. (Xinhua)

 

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