Description
| Items |
Contents |
| Code |
830018 |
| Name |
Bank of China Emerging Market (R) |
| Product Establishment Date |
October 30, 2007 |
| Issuing Object |
Domestic institutions and individual residents |
| Manager |
Bank of China |
| Domestic Custodian |
Industrial and Commercial Bank of China |
| Overseas Escrow Agent |
American Brown Brothers Harriman |
| Issue Share (100 million) |
---- |
| The Latest Total Share (100 million) |
---- |
| Product Management Fee |
0.60%/year |
| Product Purchase Rate |
Amount of purchase (M)
M<1 million
1 million≤ M<5 million
5 million≤ M<20 million
M ≥ 20 million |
Rate
1.2%
0.8%
0.4%
0 |
| Product Redemption Rate |
Term of redemption (N)
N＜1 year
1 year≤ N＜2 years
N ≥2 years |
Rate
0.8%
0.2%
0 |
| Product Custody Rate |
0.20%/year |
| Scope of Investment |
The product converts collected RMB funds to USD, and then invests it in open-end equity fund (including China Concept Fund, Emerging Market Fund and the BRIC Fund), USD fixed income, monetary market products and so on. |
| Investment Objective |
Through reasonable asset allocation, strive for the opportunity of capital appreciation and get consistent returns exceeding performance benchmark. |
| Investment Style |
Active investment, preference-stock |
| Performance Benchmark |
USD: 30% Morgan Stanley China share index + 40% Morgan Stanley Emerging Market share index + 30% Lehman American government bond index (1 to 10 years); upper limit of total investment proportion of equity fund is 85%. RMB performance benchmark is formed by adjustment to the above mentioned USD performance benchmark according to the short-term spread level of USD and RMB. |
Position Details
Name: Bank of China Emerging Market (R) Deadline: February 28, 2011
| Type |
Market Cap (RMB) |
Proportion |
| Equity Fund |
1,410,750,919 |
80.44% |
| Bond |
74,233,372 |
4.23% |
| Cash and Others |
268,817,701 |
15.33% |
| Minimum Rating of Investment Bond |
AAA/Aaa |
| Top 10 Positions |
| Number |
Name |
Type |
Rating |
Market Cap (RMB) |
Proportion |
| 1 |
First State China Growth Fund |
Greater China Equity Fund |
|
804,110,137 |
45.85% |
| 2 |
MSCI Emerging Market Equity Fund |
Emerging Market Equity Fund |
|
462,024,736 |
26.34% |
| 3 |
Templeton BRIC Fund |
Emerging Market Equity Fund |
|
144,616,046 |
8.25% |
| 4 |
FHLB 4 7/8 05/17 |
Public sector bonds |
AAA/Aaa |
74,233,372 |
4.23% |
Positions of Three Equity Funds:
|
|
Top 10 Positions of First State China Growth Fund
(Until January 31, 2011) |
|
Number |
Name |
Proportion % |
|
1 |
Yantai Chang Yu |
4.7 |
|
2 |
China National Offshore Oil |
4.6 |
|
3 |
Xinao Gas |
4.1 |
|
4 |
China Telecom (Hong Kong ) |
3.9 |
|
5 |
China Construction Bank |
3.7 |
|
6 |
China Oilfield Services |
3.6 |
|
7 |
China Resources Power |
3.5 |
|
8 |
China Merchants Bank |
3.4 |
|
9 |
China Comservice |
3.4 |
|
10 |
China Taiping Insurance |
3.2 |
| |
Top 10 Positions of Templeton BRIC Fund
(Until January 31, 2011) |
Top 10 Positions of MSCI Emerging Market Equity Fund
(Until January 31, 2011) |
| Number |
Name |
Proportion % |
Name |
Proportion % |
| 1 |
CVRD |
9.03 |
Samsung |
2.95 |
| 2 |
CNPC |
5.56 |
Luk Oil |
2.14 |
| 3 |
Yanzhou Coal |
4.7 |
America Movil SAB |
2.09 |
| 4 |
Hindalco Industries Limited |
4.47 |
Savings Bank of the Russian Federation (Russia) |
2.03 |
| |
ITAU Bank |
4.45 |
CVRD |
1.86 |
| 6 |
Mining and Metallurgical
Co Norilsk Nickel (Russia) |
4.45 |
ITAU Bank |
1.51 |
| 7 |
Banco Bradesco Bank |
4.17 |
Infosys Technology Limited (India) |
1.38 |
| 8 |
Petroleo Brasileiro |
3.99 |
TSMC |
1.37 |
| 9 |
CNPC |
3.79 |
South Africa MTN GROUP |
1.36 |
| 10 |
Gazprom |
2.94 |
Hon Hai Precision Industry |
1.26 |
|
