Thursday, January 4th, 2007
Where do the best mutual funds invest.. China.
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Where is your mutual fund investing? Bloomberg reports that the best performing mutual funds in 2006 were invested in China, while Japan flopped..
“Jan. 4 (Bloomberg) — The world’s best-performing mutual funds last year invested in China, and made the biggest bets in just a few companies. They’re counting on the same strategy for 2007, targeting banking, insurance and real-estate stocks.
Five China funds led 1,506 stock funds with at least $1 billion in assets, according to data compiled by Bloomberg. Those focused on Japan, the favorite for global money managers surveyed by Merrill Lynch & Co. at this time last year, posted 10 of the 20 worst returns, measured in dollars.” more here
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February 2nd, 2007 at 12:00 pm
[...] Chinese Index has been hit with its biggest weekly drop in 5 years. And considering last year the best performing mutual funds were heavily exposed to China, it begs the [...]
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