BEIJING, July 2 (Xinhua) -- Publicly-offered fund management firms suffered in general net redemption in the second quarter, reported Xinhua-run Xinhua Finance citing a research report with CITIC Securities on Friday.
Despite that China's A-share market reported relatively high daily turnover at around 950 billion yuan in June, the new capital actually invested in the A-share market was rather limited.
Among the publicly-offered funds, actively managed products saw their positions of A-shares decline on and on from April to June.
Similarly, private equity funds did not notably raise their positions of A-shares in the second quarter.
The only explicit holdings increase came from investors with leveraged finance, which led to active transactions of stocks in broadly favored sectors.
However, the active trading was limited only to the hot sectors, which did not fuel trading activity of these sectors to all time highs and also failed to spread to other sectors on China's A-share market, the CITIC Securities research report said. (Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)
A single purchase
