QDII funds' net worth drops by 17.6% in Q3

Updated: 2011-10-13 11:49


  Comments() Print Mail Large Medium  Small 分享按钮 0

BEIJING -- The net worth of China's stock-oriented QDII (qualified domestic institutional investor) funds went down by 17.63 percent in the third quarter due to sharp falls in global stock markets and the worsening of the European debt crisis.

According to the latest statistics from Wind Info, a Chinese financial data provider, only two of the 45 QDII funds it tracks realized growth in the third quarter.

The net worth of China's QDII funds dropped by a total of 18.23 percent during the first three quarters. Fund managers are becoming more cautious about the prospects for QDII funds in the last quarter of this year.

An analyst from the Guotai Asset Management Company said that QDII funds still face great risks during the fourth quarter, as the global economy is likely to fall into a double-dip recession and the Greek credit crisis is not expected to end anytime soon.