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Funds sell bonds to invest in stocks

08-04-2010 08:44 BJT

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Chinese funds operators are adjusting their portfolios, reducing the proportion of bonds while increasing holdings of stocks.

The move started in June and is likely to be reflected in July's figures. TX Investment Consulting says about 100 billion yuan reclaimed from sales of bonds will flow into a rebounding stock market.

Historical data suggests the percentage of bonds in funds' portfolios is closely connected with the performance of the stock market. In a bullish environment, bonds will be sold in order to invest more in stocks. While in a bear market, more money will be invested in bonds.

Editor:Xiong Qu |Source: CNTV.CN

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