China-registered investment funds posted a combined profit of 168.69 billion yuan (US$27.19 billion) in 2013, up 36.49 percent from a year earlier, China Securities Journal reported Monday. The data was compiled by TX Investment Consulting Co. Ltd. and covered 1,731 investment funds. Hybrid funds that invest in both stocks and bonds doubled their profit as a whole while bond funds, capital guarantee funds and qualified domestic institutional investor funds saw their profit decline. Fund companies posted a combined management fee income of 27.36 billion yuan last year, up 7.54 percent from a year earlier, the report said.
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