BEIJING, Feb. 12 (Xinhua) -- The net value of China's Qualified Domestic Institutional Investor (QDII) funds under oil and gas category has witnessed more than 10 percent growth in their net value since the beginning of 2019, data from Eastmoney showed recently.
As of the end of January, net value a total of 16 QDII funds (separate shares) has risen by more than 10 percent so far this year, of which 10 of funds were under oil and gas category, according to Eastmoney.
In addition, all oil and gas-related QDII funds have gained profits in the first month of 2019, among which China Southern Crude Oil Fund (QDII-FOF), a fund operated by China Southern Asset Management Co., Ltd posted the highest growth, ranking the top in terms of the annual profit of QDII funds.
The latest fund quarterly reports show high probability of rebound for oil price in the future, the fund analysts forecast over the reports.
However, investment prospects in oil and gas sector remain being blurred by multiple factors, such as conflict between solid demand and weak bargaining power for oil and gas, uncertainty factors in global market, as well as unstable global economy development. (Edited by Jiang Feifan)
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