miracles - Making money at the stock exchange

Something very unlikely is happening at the Shanghai stock exchange: some people are making money, perhaps for the first time in about three years time.
The mutual funds have doubled in one year time, reports also the Financial Times today, a combination of more regulatory freedom and a relative amazing success. Stocks in Chinese companies are still highly overrated and only bound to drop, but some mutual funds do very well. Up to a year ago all mutual funds (with one exception) followed the same direction, and all went south. Now, some of the better ones went north, some up to 20 percent since the beginning of this year.
While mutual funds might be a new thing for many Chinese, they for sure know how to appreciate the rising value of funds.