Should I buy fund splits or not?

by rkcms on 2007-10-28 13:18:44

The first open-end fund - Huaxia Innovation - is scheduled to split today, with a net asset value per unit of 1 yuan on that day. In addition, the fund will begin a limited-time continuous marketing campaign today, during which the total scale of the fund will be capped at less than 15 billion yuan. It is also understood that currently there are about 10 banks participating as distribution agents for Huaxia Innovation, including Bank of Communications, Industrial and Commercial Bank of China, Construction Bank of China, Bank of China, Postal Savings Bank of China, China Merchants Bank, Everbright Bank, Shenzhen Development Bank, and Shanghai Bank, among others.