Stock-oriented funds grow in October

China's stock market was bullish in October. The Shanghai Exchange climbed nearly 8 percent, and Shenzhen surged more than 9 percent. And all of stock-oriented funds gained last month.

October saw the average net value of more than 300 stock-oriented funds and blend funds rise by nearly 8 percent. 20 had a yield of more than 10 percent.

A surging auto sector sent funds investing in it to the top of the profit list. Real estate, media, electronics, medicine also climbed. Food and beverage, information technology, construction, steel and finance sector saw slight gains.

Yan Hong, Analyst of Great Wall Securities Fund said "As stock market surged in October, stock-oriented funds benefited, but profits were different due to their different capital allocation. Some funds favored resource industries considering inflation possibility, but some funds turned to finance, real estate, and auto industries. The latter ones had better performance."

Within all stock-oriented funds, the lowest yield was 0.7 percent in October. Industry insiders expect the fund market to fluctuate a little in the fourth quarter, and remain comparatively stable. But they remind investors nothing is for certain.