Bond fund launched

　　Yang YunfeiCHINA Southern Fund Management yesterday started selling units of a new mutual fund targeting mainly the domestic bond market, the first of its kind in China.The bond-focused fund, called Nanfang Baoyuan in Chinese, aims to raise at least 200 million yuan (US$24.16 million) from domestic investors before Sept. 19. But with its investment returns expected to be higher than those of bank deposits and its risk relatively low, fund managers expected the fund to attract between 1 billion yuan and 2 billion yuan from investors.It is the second open-ended mutual fund launched by China Southern, which also has the China Southern Stable Growth Fund.