Mutual funds net record high yields

(Xinhua)
Updated: 2007-01-18 16:34

The assets of China's booming mutual fund market surged to a record high in 2006, said an industry report.

Several types of mixed fund - an investment fund including both equities and bonds - jumped between 95.15 to 124.74 percent in 2006, said Lipper, a fund rating agency in its latest analytical report.

The total market value of mutual funds rose 83 percent from US$60 billion at the beginning of 2006 to more than US$110 billion by year end, according to figures released by Z-Ben Advisors, a research institute.

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