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TMCNet:  Fund Equity Investment in 2013: E Fund Registered Overall NAV Growth Rate of 20% and RMB100 Billion Fund Companies Witnessed 16 Percentage Points Difference in Performance

[January 02, 2014]

Fund Equity Investment in 2013: E Fund Registered Overall NAV Growth Rate of 20% and RMB100 Billion Fund Companies Witnessed 16 Percentage Points Difference in Performance

(JCN Newswire Via Acquire Media NewsEdge) Hong Kong, Jan 3, 2014 - (ACN Newswire) - From China Media: In 2013's equity investment field, fund companies completely triumphed over sunshine private funds and capital custody of securities companies and witnessed the best overall performance in nearly 4 years. As of December 31, according to the statistics from China Galaxy Securities, active equity funds and active equity-focused funds saw an average NAV growth rate of 14.52%, while SSE Composite Index and CSI 300 Index dropped by 6.75% and 7.65% in the same period, respectively. According to the statistics from TX Investment Consulting, of the 9 public fund companies managing assets of over RMB100 billion by the end of the year, as compared to the full-year active equity investment performance (Calculation of Arithmetic Mean NAV Growth Rate of Comparable Active Equity Funds Excluding Sector Funds in 2013), E Fund topped the list by the overall NAV growth rate of 20.75%, closely followed by China AMC of 17.57%, Harvest Fund of 16.82%, Bank of China Investment Management of 16.53%, GF Fund Management of 13.23%, ICBC Credit Suisse Asset Management of 9.39%, Tianhong Asset Management of 8.75%, China Southern Asset Management of 6.12% and Bosera Funds of 4.50%. The difference in performance between the top one and the last one out of the nine fund companies is 16 percentage points.Notably, a comparison between 2012 and 2011 seems to reveal a trend that the yields generated by different large fund companies have been diverging year by year. The 2013 results of E Fund were outstanding. E Fund made a splash in the industry by replacing a number of fund managers last year, which, it seems now, has delivered good results. In terms of performance of individual funds, E Fund Kexun was the most exceptional among the funds offered by a handful of fund companies with over 100 billion of assets under managements, as it delivered an NAV growth of up to 51.80% for the year and made into the top 10 best-performing funds among the 326 peer equity funds. Additionally, E Fund Healthcare Sector (34.48%), Bosera Healthcare Sector (33.27%), ChinaAMC Renaissance Fund (30.93%), E Fund Industry Elite (29.11%), E Fund Kehui (25.65%), E Fund Kexiang (23.81%), ChinaAMC Industry Select Fund (22.69%), Harvest New Thematic (22.36%), E Fund Strategic Growth (21.24%), E Fund Strategic Growth II (20.72%) and GF Fund Industry Elite (20.50%) have all achieved decent yields of over 20%. Also, the media and electronics sector on the ChiNext board outperformed significantly, and the funds with exposure to it made handsome returns this year. In addition to typical equity funds such as E Fund Kexun, the performance variance among index funds was even more considerable: the full-year growth rate of NAV of E Fund CHINEX EFT was as high as 78.51%, holding the first spot in the league of all index funds. Copyright 2014 ACN Newswire. All rights reserved.


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