尽管7月从股票型基金中撤出的资金达到1987年10月以来的最高水平，但7月基金份额的销售并不像某行业协会此前估计的那么低。
Even though more money was removed out of stock funds in July as in any month since October 1987, sales of fund shares in July were not as low as an industry trade group had previously estimated.
大型基金在建仓时必须有耐心。
在如此乱世，还该持有股票型基金吗？
Should you stick with stock funds in this tumultuous environment?
一些大型基金的赞助商在推动其它想法。
问题在于新兴的小型基金并不安于现状。
The problem is that young, small funds do not stay svelte for long.
小型基金同样可以繁荣。
在欧洲ETF行业中大约一半为混合型基金。
In Europe synthetic funds make up around half of the ETF sector by assets.
上半年，只有货币市场基金和债券型基金盈利。
Only money and bond funds gained ground, according to the report.
两个行动型基金最近购买了该公司5%的股份。
公司型基金与契约型基金是两种基金治理模式。
The corporation fund and contract fund are two governance fund modes.
在由中立的风险，人们应该买指数基金或平衡型基金。
At risk by neutral people should buy index funds or balanced funds.
俄罗斯和伊朗是则稳定型基金，用来对抗能源价格波动性。
Russia and Iran have stabilisation funds, to counter the volatility of energy prices.
为了保持“风格的纯粹性”，小股型基金常常只持有少数大公司股票。
To preserve their 'style purity,' small-stock funds rarely own more than a handful of big stocks.
“商业地产不是这次危机的中心，”德国一个大型基金的经理人这样说。
"Commercial real estate was not at the heart of the crisis," says a big fund manager in Germany.
在晨星公司所称的“保守配置型基金”中，每年大约存在0.3%的缺口。
The gap in what Morningstar calls the "Conservative allocation fund" is 0.3% per year.
虽然我不认为这会导致一家大型基金倒闭，但可能导致一些小型基金破产。
I don't think it is going to bring down a big fund but it will probably bring down some small ones.
ABS喜欢将资金配置给新的小型基金，因为它相信，这些基金更渴望成功。
ABS prefers to allocate to new and smaller funds because it believes they are hungrier for success.
BillGross是世界上最著名、经验也最于丰富的债卷型基金管理经理。
BILL GROSS is the most famous and experienced bond-fund manager in the world.
大型基金经常努力寻找获得特大收益的方法，因为他们太大了，从而不能灵活地进出市场。
Giant funds often struggle to find ways to produce outsize returns, because they are too big to move nimbly in and out of markets.
往往对股权资产组合规模有个自然限制：如果资产规模过大，那就有点类似昂贵的指数型基金。
Often, there is a natural limit to the size of equity portfolios: if they become too big they start to resemble expensive index funds.
你不必放弃做一个积极型投资者，但要考虑放弃选个股，换一些更简单的选择，如指数型基金。
You don't have to give up being an active investor. But consider ditching individual stocks in favor of easier choices like index funds.
但是，中国今年迄今已批准成立了50只新基金，比去年全年还多，而且其中多数是股票型基金。
Yet some 50 new funds have been approved so far this year, more than were approved in the whole of last year. The vast majority of these are equity-focused.
奇怪的是，每逢这些股票的回报有可能变得非常高的时刻，它们都会被多数小企业型基金强力抛售。
Ironically, at the very moment when their returns are likely to be highest, these stocks get forcibly dumped by most small-company mutual funds.
与之相比，指数型共同基金的平均费用率是78个基点，而主动型基金的费用几乎是ETF的两倍。
By contrast, the average expenses of index-tracking mutual funds were 78 basis points, and actively managed funds had expenses almost twice as high.
库夫尔塞勒表示，洛希尔的传统型基金今年遭遇赎回之痛，尽管7月份以来资金流动已经趋于稳定。
Rothschild's traditional funds have suffered from redemptions this year, although flows have stabilised since July, says Mr Couvrecelle.
库夫尔塞勒表示，洛希尔的传统型基金今年遭遇赎回之痛，尽管7月份以来资金流动已经趋于稳定。
Rothschild's traditional funds have suffered from redemptions this year, although flows have stabilised since July, says Mr Couvrecelle.
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