All China fund types post November gains - Lipper

SHANGHAI, Dec 16 (Reuters) - All types of fund in China posted positive returns in November as the government launched a fiscal stimulus plan and eased monetary policy to aid the economy, a study by fund data firm Lipper showed on Tuesday.

Pure equity funds enjoyed the biggest average rise in net asset value per unit of 8.34 percent, after a 22.20 percent loss in October. The CSI300 Index .CSI300, against which many equity funds are benchmarked, rose 9.99 percent last month.

Bond funds posted a gain of 1.18 percent in November, while money market funds were the weakest category with a rise of only 0.47 percent, said Lipper, a Thomson Reuters company.

However, only bond and money market funds posted positive returns for the first 11 months of this year, of 4.37 percent and 3.06 percent. Pure equity funds were down 53.98 percent.

Foreign funds investing in Chinese markets under the Qualified Foreign Institutional Investor (QFII) scheme posted an average return of 9.40 percent in November, outperforming domestic equity funds, but were down 61.61 percent year-to-date, underperforming domestic equity funds.

Total net assets of all QFII funds increased 11.73 percent to $6.33 billion in November, Lipper estimated. It said the iShares FTSE/Xinhua A50 China Tracker (2823.HK) fund posted the biggest rise in net assets, of 21.96 percent, and experienced the largest net redemptions, of 12.10 percent.

Qualified Domestic Institutional Investor (QDII) funds, which invest Chinese money in overseas markets, posted a slight fall of 0.87 percent in November and were down 50.75 percent year-to-date. (Reporting by Andrew Torchia)