Crazy Chinese Mutual Funds!
May 25, 2007 11:56am CST
You cant imagine! Up till now, about 4 mutual funds' net values have doubled this year! The net values of the majority of the mutual funds have DOUBLED in 1996! Its due to the rapid and steady development of the Chinese economy, and the rapid development of the Chinese stocks markrts from late 2005. Now even My Greenspan has just warned of high risks of the Chinese stocks markets! But many consider the Chinese stocks markets as "normal", and possibly in a "bull" market till the Beijin Olympic Games, and even to the opening of the "World Exbition Fair" to be held in Shanghai.
2 people like this
25 May 07
I think this rise is mainly due to the entry of Chinese firms into the international markets. They are also giving a red carpet welcome to the MNCs nowadays. Earlier it was not so. Due to an abundant flow of foreign exchange into the stock market the value has literally doubled.