hedgefunds
China Buying fast
Filed in archive Investing by Alex Akesson on April 18, 2007
China Buying fast
In a Reuters article today "" a newly launched fund, Hua An Fund Management Co. attracted more than 30 billion yuan in subscriptions on its first day of launch, forcing Hua An to close the sale as it was only allowed to raise a maximum of 10 billion yuan for the product.

Another fund, launched the same day, Lord Abbett China Asset Management Co., which is 49% owned by U.S. fund management company Lord Abbett & Co., raked in 8 billion yuan for a stock fund in just one day as well.

The article also says that jpmorgan Chase & Co.'s Chinese fund management venture also received nearly 90 billion yuan of subscriptions to its new equities fund in a single day -- over 10 times its original sales target.

The China rate increase.

Permalink: China Buying fast
Tags: hedge+fund 
Trackback: http://publish.creative-weblogging.com/publish/mt-tb.pl/64317
img Addthis img Ask img Blinklist img del.icio.us img Digg img Fark img Facebook img Google img Lycos img Ma.gnolia Add this page to Mister Wong Mr Wong img Netscape img Netvousz img Newsvine img Reddit img StumbleUpon img Slashdot img Tailrank img Technorati img Wink img Yahoo

Vote for China Buying fast:

  • Currently 7.25/10
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
Rating: 7.25 out of 4 vote(s) cast.
 
Subscribe
Share It
RSSrss
See all blog subscribe options
Google google
What is RSS?
Yahoo! yahoo
Addthis Subscribe using any feed reader!
Bloglines Bloglines
Newsletter

TwitterFollow us on Twitter!