BEIJING, Jan. 8 (Xinhua) -- Entering 2019, China's fund market appears to be more vibrant, with composition of new funds notably changed compared to 2018. Industrial insiders pointed out relevant institutions cast positive attitude towards the performance of bond funds and exchange-traded funds (ETF) in 2019.
As of January 7, the number of new funds accumulated to 31, almost doubled the figure in the same period of 2018, according to Choice, a financial and stock information provider in China.
Latest statistics showed that among the 31 new funds, 15 are bond funds, accounting for almost a half of the total, while there were only 3 bond funds during the same period in 2018. In addition, stocks-oriented funds and hybrid funds, which used to dominate the new fund market, only add up to 14.
Market insiders relate this change to the good performance of bond funds in the past year of 2018. Their total value increased by nearly 890 billion yuan, and 84 percent of them earned profits, with the largest profit rate reaching 16 percent.
It is also worth noting that more fund companies have turned their eyes to ETFs, an emerging force of the fund market. Many experts believe that the development potential of ETFs is great and yet to dig. The proportion of ETFs in the whole share market, though still not important at the moment, is likely to grow rapidly in the future. (Edited by Li Wenxin, liwenxin@xinhua.org)
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