Profit of 594 Funds Exceeds 900 Billion Yuan in 2009

Benefiting from the recovery of China's A-share market, 594 funds of 60 fund companies gained a combined profit of 910.25 billion yuan last year, with their equity funds earning 873.9 billion yuan, amounting to 96% of the total profit. In 2008, the investment fund industry on a whole suffered a loss of 1.5 trillion yuan, among which, the loss of equity funds accounted for 1.46 trillion yuan.