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Chinese Mutual Fund 2008 Losses Hit 1.5 Trln

03-31 20:58 Caijing

Full article in Chinese: http://www.caijing.com.cn/2009-03-31/110130703.html

» China's 424 mutual funds suffered total losses of 1.5 trillion yuan in 2008, mainly due to the slump in the domestic A-share stock market.
» Equity funds were hit hard, accounting for nearly 97 percent of total losses.
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