Baidu 100 Index Fund were sold out, RMB 1.8 billion in less than one and half days. The second phase sale of RMB 1.2 billion starts on 27 October on official website of Baidu Financial Center.
Baifa Index using Baidu financial search and user behavior of large data for the first time, by the corresponding data mining and analysis means, will involve specific financial entity data automatic analysis, merge, statistics and calculation, and the introduction of quantitative investment model, the preparation of the stock market index.
Baifa 100 Index is the first product of Baifa Index, an internet index of cooperation between China Securities Index Co. and Baidu Inc., GF Fund management Co., Ltd. This year Baifu 100 Index rose up by 51.25%, far outperforming the broader market and traditional indices.
Compared with the mainstream of the market index, Baifa 100 Index has achieved outstanding performance since its release with 545% return since 2009 according to Baidu, far higher than the same period in Shanghai and Shenzhen 300 (19%), and Shang Stock Exhange Composite Index (12%).