BEIJING, Oct. 17 (Xinhua) -- The performance of the 114 open-end stock funds in China has been dwarfed by the bullish growth of the nation's benchmark Shanghai Composite Index, which, by October 12, had risen 11.13 percent in a month, according to Galaxy Securities.

But during the same period, the average growth rate of the 114 funds was only 5.15 percent.

It has taken less than two months for the stock market to climb another 1,000 points after the index rose above 5,000 points for the first time in August.

Experts attributed the recent bull run to the decision of several blue-chips returning from the Hong Kong stock market to cash in on the robust mainland bourse, including China Shenhua, the nation's biggest coal producer and China Construction Bank, the nation's second biggest commercial lender.

These IPOs also boosted the energy and financial sectors, as the share price of Sinopec, the country's biggest oil refiner, soared from 16.12 to 23.24 yuan and the Industrial and Commercial Bank of China, one of the top four commercial lenders, rose from 6.40 to 7.65 yuan from Sept. 12 to Oct.12.

"Personally I hold that financial stocks and new blue-chips have good yielding prospects, and that's why I bought a large chunk of those stocks before their recent bullish trend," said Shi Yonghui, a mutual fund manager of Dacheng Blue-chips Mutual Fund, whose growth rate last month passed ten percent.

Not every fund manager made such timely decisions to concentrate on the financial sector and blue-chips over the past month, when their holdings diversified. This resulted in the performance of their funds lagging behind that of the key index. 　China's main stock index broke the 6,000-point mark for the first time on Monday and closed at a record high of 6092.06 points on Tuesday. It closed at 6,036.28 points on Wednesday. (One U.S. dollar is equal to 7.5156 yuan)