Media headlines about China Fund (NYSE:CHN) have been trending somewhat positive this week, according to Accern. Accern rates the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. China Fund earned a news impact score of 0.13 on Accern’s scale. Accern also gave press coverage about the investment management company an impact score of 45.3470854247697 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Shares of China Fund (NYSE CHN) opened at $23.02 on Monday. China Fund has a 1-year low of $15.66 and a 1-year high of $24.76. The company has a market capitalization of $365.24, a P/E ratio of 4.65 and a beta of 1.00.
In other China Fund news, major shareholder City Of London Investment Grou acquired 1,091 shares of the company’s stock in a transaction on Thursday, January 18th. The shares were bought at an average cost of $23.30 per share, with a total value of $25,420.30. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last three months, insiders acquired 171,227 shares of company stock worth $3,753,725.
China Fund Company Profile
The China Fund, Inc is a non-diversified, closed-end management investment company. The Fund’s investment objective is long-term capital appreciation, which it seeks to achieve by investing primarily in equity securities of companies for which the principal securities trading market is the People’s Republic of China (China); of companies for which the principal securities trading market is outside of China, or constituting direct equity investments in companies organized outside of China, that in both cases derive over 50% of their revenues from goods and services sold or produced, or have approximately 50% of their assets, in China, and constituting direct equity investments in companies organized in China.
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