China bank liquidates foreign share fund - The Diigo Meta page

• 28 Mar 08
  

  At the Money

  China Investment QDII

  • The terms of China Minsheng’s fund said it would be liquidated if its assets fell below half of their initial value or rose more than 18 per cent.
  • “With Minsheng, you have a good regional bank that was trying to get into the market. But it didn’t have the necessary investment experience, let alone international expertise,” he said.
  • Demand for the latest funds, launched in January by the Industrial and Commercial Bank of China and Credit Suisse, and by China International Capital Corporation in February, was muted as share prices sagged. Recent figures show net asset values of QDII funds have fallen 15-40 per cent.

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