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China Southern Fund self purchased 50 million high growth fund


http://finance.sina.com.cn 08:44, June 15, 2005 Securities Daily

Our reporter Zhuang Shaowen Hou Jiening

High growth in South China under release fund It will become the first demonstration of the fund company's own capital investment fund products South Fund The management company has learned that it plans to purchase the South High Growth Fund with its own capital of 50 million yuan, which is from CSRC Publish《 Notice on Matters Related to Fund Investment by Fund Management Companies Using Own Capital 》Since then, the fund company has used its own capital to invest in fund products for the first time.

China Southern Fund said that the CSRC allowed fund companies to use their own funds for fund investment, which broadened the investment channels of the fund companies' own funds and improved the use efficiency of the fund companies' own funds. In the form of purchasing the South High Growth Fund with its own capital, the company has tied its own interests with the interests of other holders of the South High Growth Fund, which will boost the confidence of investors in the South High Growth Fund and more effectively protect the vital interests of investors.

The South High Growth Fund, which is currently in the issuing period, is a high risk and high return equity fund. This action of the South Fund shows that it is optimistic about the future market, and also reflects the company's full confidence in the investment strategy, investment philosophy and future performance of the South High Growth Fund. The performance of each fund of China Southern Fund has been steady and excellent, which has made good returns for investors. For example, since the establishment of China Southern Fund, when the Shanghai Stock Exchange Index has dropped nearly 40%, the cumulative return of the fund is still as high as 17%; Nanfang Baoyuan has been established for nearly three years. When the Shanghai Stock Exchange Index fell by more than 30%, the fund's cumulative income reached 10.5%; In the two years since the establishment of Southern Hedge, when the Shanghai Stock Exchange Index fell by 20%, the cumulative income of the fund was still 5.6%.


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