QFII Sees Accelerated Net Redemption in September

by atulas on 2008-10-27 19:51:58

Yesterday, the reporter learned from Lipper's latest research report that after being hit by consecutive stock market crashes, QFII (Qualified Foreign Institutional Investor), which has always been a step ahead of domestic institutions, saw its A-share funds fall by more than 6% on average in September. The overall asset size continued to shrink, and net redemptions accelerated in September. Meanwhile, according to the report, the average performance loss since the beginning of the year has exceeded 50%.

According to the September issue of the report, QFII funds experienced a performance low point in the just-ended month of September. The six QFII A-share funds that have disclosed precise performance data saw an average decline of 6.12% in September, slightly lower than domestic stock funds.