国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

The growing volatility of China's stock market prompted investors to seek professional help yesterday as 25 billion yuan was dumped into units of two new mutual funds.

They are the first two funds offered for sale to the public since a one-month government-imposed moratorium was lifted.

Meanwhile, the Shanghai Composite Index rose 2.11 percent to close at 3995.68 yesterday, while the Shenzhen Composite climbed 2.45 percent to close at 1,173.26.

These two funds, separately managed by Shanghai-based SGAM Fund Management Co Ltd and Guangzhou-based GF Fund Management Co Ltd, each reached the highest projected sales of 15 billion yuan and 10 billion yuan, respectively.

"Many investors began to take money out of the stock market to invest in funds out of the belief that professionally managed mutual funds can bring a more stable return," said Zheng Shizhou, a customer relations manager at China Construction Bank 's Shanghai branch.

Related readings:  Report: China fund may eye BHP Billiton  Four private equity funds set to get the nod  Greater role for private-equity fund urged  Regulator takes 22% stake in New China Life

Fu Qi, who was waiting in the hall of China Construction Bank for fund subscription in the morning, said he sold all his shares and invested the money in mutual funds because he believed that a wider spread of the funds could better weather market volatility.

"I believe the professionalism of fund managers, and their widely spread investment portfolios, can help balance the risks posed by wide price swings of some shares," he added.

Analysts said interest in fund investments grew after the rise of the stamp tax, which increased the cost of trading stock and transferred the market focus to large-cap stocks by curbing speculation.

"The investment portfolios of mutual funds are mainly composed of large-cap stocks, which are less risky to invest than other stocks now," said Liao Bojun, an analyst at Changjiang Securities.

"Besides, funds are more stable than stocks, and investors can have a long-term investment," he added.

Another two mutual funds will be issued today and next Monday. The fund issuing limits have increased from the record 10 billion to 15 billion. These four mutual funds, with two equity funds and two mixed-asset funds, are expected to raise over 45 billion yuan.

According to latest statistics from Lipper, all fund classifications showed increased profits in May. Equity funds and mixed-asset aggressive funds led the increase, with gains of 10.64 percent and 10.58 percent. Mixed-asset balanced funds followed, rising 10.23 percent, while mixed-asset balanced funds climbed 10.22 percent.