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20% of QDII funds see positive yields in Jan.-Sept.on global mkt turbulence

BEIJING
2015-10-13 10:47

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China's 122 Qualified Domestic Institutional Investors (QDII) funds saw their average net value down 8.24 percent in the first nine months of 2015 as compared with a year ago with only 27 ones or one fifth of them posting positive gains, China Securities Journal reported on Tuesday.

Analysts attributed the sluggish performance of the QDII funds in the period to global markets turbulence.

GF Fund Management Co., Ltd. posted relatively outstanding performance in the first three quarters of the year with five QDII funds under its flagship yielding positively in the period.

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