ecns [expanded by feedex.net]: Fund companies report fourth quarter profits

ecns [expanded by feedex.net]

ecns

Fund companies report fourth quarter profits
http://www.ecns.cn/business/2013/01-23/46841.shtml
Jan 23rd 2013, 06:50

















2013-01-23 15:50 chinadaily.com.cn     Web Editor: qindexing
comment


As many as 1,271 funds of 70 fund companies achieved a total profit of 104.5 billion yuan in the fourth quarter of 2012, according to their Q4 reports released on Tuesday.


Equity funds saw a total profit of 70.5 billion yuan and commingled funds realized a total profit of 20.5 billion yuan, becoming two engines of profit growths.


Bond funds reported losses in Q3 but made gains in Q4, realizing a total profit of 5.9 billion yuan.


Money market fund performances in Q4 are similar to in Q3 with total profits of 4.2 billion yuan. Capital guarantee funds realized profits of 529 million yuan.


Overseas capital markets performed better in Q4 than in Q3 with higher liquidities in various economic bodies. QDII funds realized 2.04 billion yuan in Q4.


In a company-to-company comparison, larger fund companies reported better performances. China Asset Management Co Ltd ranked top in Q4 among 70 fund companies with profits of 10.8 billion yuan.












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