Fund companies make $48b in 10 yrs

   Date:2012-05-21

China's fund companies have made a total profit of 303.4 billion yuan ($48 billion) for investors within the years between 2001 and 2011 - 2.76 billion yuan on average every year, according to the statistics provided by Wind Information Co Ltd, a leading provider of economic data and financial information.

The fund companies have withdrawn about 164.6 billion yuan of management fees from investors, which means that fund companies have only contributed some 138 billion yuan of net profits for investors, an average of 1.26 billion yuan every year.

By the end of last year, 41 out of the 64 fund companies in the market had won money for investors ever since 2001. Fund holders of 23 fund companies have lost money.

Among the 41 companies that have made positive growth, 16 of them have won a total return of more than 10 billion yuan for investors and four of them more than 20 billion yuan. ChinaAMC made more than 49.4 billion yuan of profits for its investors over the past 11 years, taking up about 11.69 percent of the total profits of the entire industry and overtaking all its peers.

China Post Fund has lost the largest amount of money among all surveyed companies. Ever since it started operations in 2006, it has lost a total of 22.4 billion yuan.
 

Source:china.org

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