China Southern Selected Growth Balanced Fund Wins Morningstar Balanced Fund Award

The Morningstar International Fund Awards are set to recognize the China 2020 winners on March 26.

Beijing, China - March 26, 2020 —

The Morningstar International Fund Awards are set to recognize the China 2020 winners on March 26. The China Southern Selected Growth Balanced Fund (202023) from China Southern Asset Management Co., Ltd. won the annual Balanced Fund Award, as the only fund in the Chinese market to win this award.

According to Morningstar's evaluation criteria, China Southern Selected Growth Balanced Fund has a five-star rating for the past three and five years of hybrid growth. In accordance with the data of Galaxy Securities Fund Research Center, by the end of 2019, the cumulative net growth rate of the fund since its establishment had reached 205.7%, its net growth rates for the past three and five years were 57.17% and 126.95% respectively; a similar ranking is 9.16% and 3.45% respectively. With a long-term balanced and steady performance, this China Southern Selected Growth Balanced Fund, managed by Luo Shuai, stood out from the 290 selected funds of the same category and won the Morningstar Annual Balanced Fund Award.

China Southern Selected Growth Balanced Fund has also won many honorary awards: in 2018, it was awarded the five-year Open Hybrid Sustainable Winning Golden Bull Fund. In 2018 and 2019, it won the Balanced Star Fund with Five-year Sustainable Return Balance. (Source of Awards: China Securities Journal, Securities Times, March 2018, March 2019) (The past performance of the fund does not predict its future performance, and the performance of other funds managed by the fund manager does not guarantee the performance of the fund.)

Company Overview

On March 6th, 1998, China Southern Asset Management Co., Ltd. (hereinafter referred to as "Southern Asset Management") was officially established as one of the first domestic asset management companies approved and regulated by the China Securities Regulatory Commission (hereinafter referred to as "CSRC"), which symbolizes the start of our nation's "New Golden Era for Funds".

On January 4th, 2018, Southern Asset Management restructured for the Limited. On July 24th, 2019, following approval of the CSRC, Southern Asset Management realized its employee stock ownership plan (ESOP). Through employee shareholding and shareholder capital increase, the registered capital was increased to CNY 361.72 million. Currently, with its headquarters in Shenzhen, Southern Asset Management has 6 branches and 2 subsidiaries.

Southern Asset Management has stood the tests of time throughout periodic shifts between bull and bear market in Chinese capital market. By showing stable and sustainable performances and providing improved and professional services, Southern Asset Management managed to continuously build the trust and recognition of a wide range of investors, including mutual fund investors, the National Council for Social Security Fund, corporate annuity clients and high-net-worth clients.

Southern Asset Management has grown into one of the industry leaders that boasts diverse range of products, comprehensive type of business activities, exceptional investment performance and a large scale of assets under management. As of December 31th, 2019, Southern Asset Management and its subsidiaries have a scale of combined assets under management (AUM) that totaled USD 153.9 billion.

Contact Info:
Name: Si Chen
Email: Send Email
Organization: Southern Asset Management
Website: https://southernfund.com

Release ID: 88951043

More News From The Witness Daily

Student shot at Texas high school; suspect still at large

Mar 31, 2020

BELLAIRE, Texas — A student was shot Tuesday at a high school in Texas and a suspect remained at large, local officials said. Emergency crews were seen performing CPR as the student was carried on a stretcher to an ambulance outside Bellaire High School, KPRC-TV reports. There were conflicting media reports about whether the shooting happened inside or outside the school. The city, a suburb south west of Houston, confirmed on Twitter that there was a shooting and said the suspect is still at large. It advised resident to avoid the area around the school or remain in their homes....

Dem senator says he has 51 votes to restrain Trump on Iran

Mar 31, 2020

WASHINGTON — A Democratic senator said Tuesday he has at least 51 votes to support a bipartisan resolution asserting that President Donald Trump must seek approval from Congress before engaging in further military action against Iran. Sen. Tim Kaine of Virginia said the Senate could vote as soon as next week on the measure, which is co-sponsored by two Republican senators and has support from at least two more Republicans. Republican Sens. Mike Lee of Utah and Rand Paul of Kentucky have co-sponsored the measure, and GOP Sens. Todd Young of Indiana and Susan Collins of Maine said Tuesday they...

Pelosi: Americans want 'fair trial' on Trump impeachment

Mar 31, 2020

WASHINGTON — House Speaker Nancy Pelosi said Sunday that senators will “pay a price” if they block new witnesses from testifying in the impeachment trial of President Donald Trump. She said Americans expect a fair trial. Pelosi, D-Calif., said the House plans to vote this week to transmit the articles of impeachment to the Senate for the historic trial on charges of abuse of power and obstruction of Congress over Trump's actions toward Ukraine. It will be only the third impeachment trial in American history. “It’s about a fair trial,” Pelosi told ABC's “'This Week." "They take an oath to...

Texas governor to reject new refugees, first under Trump

Mar 31, 2020

HOUSTON — Texas will no longer accept the resettlement of new refugees, becoming the first state known to do so under a recent Trump administration order, Gov. Greg Abbott said Friday. Abbott's announcement could have major implications for refugees coming to the United States. Texas has large refugee populations in several of its cities and has long been a leader in settling refugees, taking in more than any other state during the 2018 governmental fiscal year, according to the United Nations High Commissioner for Refugees. Since the 2002 fiscal year, Texas has resettled an estimated 88,300 refugees, second only to...

Virginia Dems pledge to let locals move Confederate statues

Mar 31, 2020

RICHMOND, Va. — Newly empowered Democratic leaders in Virginia pledged Thursday to let local governments remove Confederate monuments, but Gov. Ralph Northam said he's still weighing what to do with one of the state's most prominent ones — a towering statue of Gen. Robert E. Lee. As Virginia wrestles with its Civil War legacy, Northam unveiled multiple initiatives Thursday that he said were aimed at telling a more accurate and inclusive version of the state's past. They include more funding for historic African American cemeteries and cultural sites and the creation of new highway markers. At a news conference with...

Weather, 20 December
Houston Weather
+7

High: +11° Low: -2°

Humidity: 83%

Wind: NNE - 7 KPH

Canberra Weather
+27

High: +27° Low: +17°

Humidity: 87%

Wind: W - 20 KPH

Roissy-en-France Weather
+6

High: +6° Low: -5°

Humidity: 87%

Wind: ENE - 7 KPH

Florence Weather
+9

High: +9° Low: +6°

Humidity: 97%

Wind: ENE - 17 KPH

Parga Weather
+7

High: +16° Low: +4°

Humidity: 100%

Wind: SE - 25 KPH