129773438592031250_110Have been considered excessive profits for fund industry, from the old times farther. Not only small firms struggling
tera gold, large and medium-sized fund companies profit also shrank. Everbright securities disclosure of March 22 2011 annual report shows that large fund companies whose shares (hereinafter referred to as "big") and China Everbright PRU us fund company (hereinafter referred to as "Everbright Pramerica") net incomeDecline in varying degrees. Disclosed results of 12 funds in the company, China Everbright PRU us drop the bottom of 35.86%. In 2009, the Everbright prudential net profit of 233 million dollars, now only $ 126 million, two-year net profit to 46%. According to our statistics, current disclosure 2011 earnings of 12 funds in the companyOnly 1 small company a small positive growth in net profit. 11 Fund of comparable companies, earnings last year compared to the previous year fell by 19.33%, more than a 12.19% decline in industry-wide management. Average profit down 19% 11 companies rely on management fees to survive public placement fund industry, 2011 all shrunken
tera gold, fund companies dragged down profitLee became the industry consensus. Set up before the end of 2010 and to release 60 Fund of funds in the company of the year, 53 in the 2011 year with varying degrees of shrinkage in assets. Compared with 18 Fund assets under management shrink more than 20%, 42, up to two-thirds of the fund companies fell. But now public funds of the company Pacific Century CyberWorksGood situation, level of net profit was more than a shrunken. 3 of them fell over 30% decreased up to Everbright prudential. By the end of 2011, its managing 10 funds, managed funds size amounted to $ 23 billion. At present, China Everbright PRU US $ 640 million in total assets and net assets of $ 550 million last year, net profit$ 126 million. Shrinking YINHUA Fund II company, net income fall from $ 340 million to $ 220 million; public management 11-Fund products for silver meeting the acting managers full year net profit of $ 44 million, fell to 30%. 3 other companies fall in 10% above. Hoi Fu Tong and Cheung Shing fund company's net earnings of $ 167 million, and$ 241 million, net profit compared to the previous year fell by 15%; into 2011 net profit of 453 million dollars, fell to 11.7%. Top fund managers, only rich countries fund company's net income fell within the range of 10%.
Company 2011 net earnings of $ 276 million, to $ 293 million a year earlier. Only the Golden EagleFund companies profit. Guangzhou pharmaceutical industry report shows its shareholder, the company's net earnings of $ 1.15 million, $ 28.18 million loss in 2010 year. Its 2011 in good condition, because of its scale is one of the few in that year is growth fund, which was also its first profit since the establishment. Fund companies in the East on the same scale level, net profitAnd slumping compared to 2010. By the end of 2011, the company's total assets of $ 172 million, $ 11.85 million net profit losses, up end of 2010 falling significantly exceeding 40 million Yuan. In addition, people's livelihood and silver asset management of 5.166 billion yuan, representing a growth 96% at the end, narrowed losses of 30 million dollars last year. Three basicGold lost management fee reduced by 140 million fund sizes continue to shrink, larger impact on the operation of many fund companies. Everbright PRU us used to have two scale of billions of funds: China Everbright prudential and prudential advantage quantization, and now they are only the size of the remaining $ 8.6 billion. Founded in 2007, Everbright prudential advantage of market highs, size has gone from 2009Of the $ 14.1 billion, dropped to $ 8.58 billion and Everbright prudential quantitative total from $ 15.4 billion at the end of 2009, down to less than $ 8.6 billion. In 2010, the Fund has had two "per $ 10 cash 0.3" of dividends, but less on size changes. In addition, the Everbright prudential total size of dividends, from the end of 2009Reduced $ 4.46 billion to $ 2.05 billion currently. Total size of continuous decline, at the end of 2009 to $ 37.3 billion, $ 2010
diablo 3 gold, only $ 21.2 billion to the end of 2011. Industry rankings from 27, fell to 32. For nearly two years, shrank its three larger Fund totals about $ 14.3 billion, roughlyEstimation of total management fee income decreased by $ 140 million. Flush iFinD data display, Everbright prudential advantage for nearly three years to 149 per cent of 12% is only ranked 91 stock fund of its kind; China Everbright prudential and prudential quantitative dividends, 24% per cent, ranked 43 in the 149 stocks funds and 61. For nearly a yearTo the three fund managers there have been changes, affect the performance stability. In addition to the declining profitability, costs are rising. High cost of new distribution channels beyond the high human cost, fund companies are rising costs. According to the statistics of the investor, China Everbright PRU us 2011 customer maintenance fee is 18.2% per cent management fee. (Responsibility seriesSeries: Lu Yang)
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