After over half a month of sharp plunges, 215 out of 335 stock-oriented investment funds initiated in the second quarter of 2015 have seen their per unit net value dip below issuing prices of one yuan per unit, according to latest statistics from financial information provider Wind.
However, many public fund managers are still quite confident that the net value may bounce back in a short time although they will take a more cautious attitude as compared with their prior style, said a fund manager with a Beijing-based fund management company.
Chinese shares suffered significant declines over the past more than two weeks with the benchmark Shanghai Composite Index sinking by over 20 percent.
Latest comments