ASIAdocument.write(“” + m[today.getMonth()+1]+ ” “+ today.getDate()+”, ” + theYear + ” “);HOMECHINAWORLDBUSINESSLIFESTYLECULTURETRAVELSPORTSOPINIONREGIONALFORUMNEWSPAPERChina Daily PDFChina Daily E-paperChina Daily Global PDFChina Daily Global E-paperBusiness /MarketsEconomyPolicy WatchChina DataCompaniesMarketsIndustriesViewMotoringTechGreen ChinaChina ExpoMore fluctuation in the stock market expectedBy Han Xiao( 13:48Comments Print Mail Large Medium SmallA man checks share prices on his mobile phone while waiting for his coffee at a Starbucks branch in Beijing July 16, 2015.[Photo/Agencies]Chinas stock market is going to see lots of fluctuation this year, and the average annual investment return of quantitative hedge funds will be around 5 percent, industry insiders said.”I will be happy if the benchmark index could return to the level of early 2016 by the end of this year,” said Li Yizheng, general manager of Steinmetz Solid Asset Management Co, one of the countrys largest quantitative hedge funds in terms of assets under its management.
Founded in 2015, the company has more than 30 products and around 2 billion yuan ($303 million) under management.The benchmark Shanghai Composite Index opened at 3536 on January 4 and fell to 2737 by the end of January. It rebounded 12 percent in March as this years economic data buoyed investor sentiment. But, according to Li, the performance of the benchmark index in the first half year will likely outperform that of the second half.
Chinese insurers, the major players in the capital market, also take a conservative approach in the capital market this year, given the rising fluctuation and growing risks.
“The fluctuation of this years capital market has beaten our expectation. We will be more defensive in our investment strategy this year,” said Li Quan, president of New China Asset Management Corporation Limited. “We will patiently wait for appropriate investment opportunities.”
PICC Groups vice-president Wang Xiaoqing said the company will reduce investments in the equity market and choose more long-term investment in quality assets.
With the growing fluctuation in the capital market, quantitative hedge funds, which mainly base trading decisions on a mathematical model and have less relevance with the index fluctuation, have caught more attention of investors.”We receive much more enquires from institutional investors such as securities companies and private banks, and their expectation for the investment return has been much lower compared with that of last year, ” said Li.As the central bank cut the interest rate six times, the average return of wealth management products dropped to around 4 percent.
“The average return of quantitative hedge funds will be around 5 percent this year, compared to more than 20 percent last year,” said Li. “We aim to realize a return of around 16 percent this year.”The investment return of Steinmetz Solid Asset Management Co exceeded 40 percent last year.0Related StoriesForeign capital to chase Chinas A sharesFears of end to stock-selling ban unfoundedSAFE buys into A-share market to perfect forex managementNew FTSE Russell Index to combine China A shares, H sharesChinas pension fund to flow into stock market this yearPhotoCulture growing into strong pillar of Chinas economyTop 10 US-listed Chinese companies going privateChinas largest trade fair opens in GuangzhouThe logistics people who make rural e-commerce possibleNobel prize winners upbeat on Chinas innovation and growthRolls-Royce to debut young and dynamic line upChina Economy By NumbersChina Economy by Numbers – Dec China Economy by Numbers – Nov NewsmakerUK-born businessman heads revolution in Chinas canteens Chinese rank among worlds wealthiest 62Most ViewedTodays Top NewsAlibabas YunOS becomes worlds third-largest smartphone OSChinese agribusinesses to hold match-making event in New ZealandUAEs major port operator seeks benefits from Chinas Belt and Road InitiativeNigeria, China currency swap forces US dollar rate downCSSC profit jumps in 2015Chinas growing investment in US not Trojan HorseBelt and Road Initiative to benefit Asia with Chinese investmentDesigners recycle metal waste into artworkHot TopicsFiat SpA Peugeot SA Taxi app Internet finance Housing price Disneyland WeChatEditors PicksTop 10 US-listed Chinese companies going private Top 10 fastest-growing Chinese brands Top 10 Chinese cities with biggest surge in home prices Top 5 PC vendors in the world in Q1 SpecialsWorld Robot Conference 2015Made in China – fight against counterfeit goods2015 Beijing Forum for Emerging Markets…| About China Daily | Advertise on Site | Contact Us | Job Offer | Expat Employment |Copyright 1995 -var oTime = new Date();
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