Description
| Items |
Contents |
| Code |
830002 |
| Name |
Bank of China Steady Growth (R) |
| Product Establishment Date |
April 12, 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) |
7.94 |
| 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<10 million
10 million ≤ M<50 million
50 million ≤ M<100 million
M ≥ 100 million |
Rate
1.2%
0.9%
0.6%
0.3%
0 |
| Product Redemption Rate |
Term of redemption (N)
N＜1 year
1 year≤ N＜2 years
N ≥ 2 years |
Rate
0.5%
0.2%
0 |
| Product Custody Rate |
0.20%/year |
| Scope of Investment |
The product converts the collected RMB funds to USD, and then invests it in open-end equity fund, USD fixed income, monetary market products in Hong Kong. |
| Investment Objective |
Through reasonable asset allocation, on the basis of obtaining stable cash earnings, strive for the opportunity of capital appreciation and get consistent returns exceeding performance benchmark. |
| Performance Benchmark |
USD: 25% Hang Sheng share index + 25% Morgan Stanley China share index + 50% Lehman Brothers USD aggregate bond index (1 to 10 years, above level A). 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 Steady Growth (R) Deadline: February 28, 2011
| Type |
Market Cap (RMB) |
Proportion |
| Equity Fund |
201,458,706 |
58.80% |
| Bond 1 |
124,209,139 |
36.25% |
| Cash and Others |
16,938,942 |
4.95% |
| Minimum Rating of Investment Bond |
AA+/Aa2 |
| Top 10 Positions |
| Number |
Name |
Type |
Rating |
Market Cap (RMB) |
Proportion |
| 1 |
Credit Agricole
Greater China Fund |
Greater China Equity Fund |
|
106,144,823 |
30.98% |
| 2 |
Fidelity China
Focus Fund |
China Equity Fund |
|
95,313,883 |
27.82% |
| 3 |
US T 2 3/4 02/15/19 |
Government Bond |
AAA/Aaa |
51,568,533 |
15.05% |
| 4 |
IBRD 5 4/1/16 |
Public sector bond |
AAA/Aaa |
37,618,538 |
10.98% |
| 5 |
US TRE 3.75 11/15/18 |
Government Bond |
AAA/Aaa |
35,022,068 |
10.22% |
Note 1: There is no bond involving in American subprime home mortgage loan in bond investment.
|
|
Top 10 Positions of Credit Agricole Greater China Fund
(Until January 31, 2011) |
Top 10 Positions of Fidelity China Focus Fund
(Until January 31, 2011) |
|
Number |
Name |
Proportion % |
Name |
Proportion % |
|
1 |
China National Offshore Oil |
5.12 |
Tencent |
7.2 |
|
2 |
Sun Hung Kai Properties |
4.35 |
China Mobile |
6.1 |
|
3 |
Industrial and Commercial Bank of China |
3.91 |
Industrial and Commercial Bank of China |
5.7 |
|
4 |
China Construction Bank |
3.79 |
China National Offshore Oil |
5.6 |
|
5 |
Yurun Food |
3.41 |
China Construction Bank |
5.4 |
|
6 |
Hutchison Whampoa |
3.26 |
Ping An Insurance of China |
4.6 |
|
7 |
Hong Kong Exchanges |
3.08 |
China Life |
4.4 |
|
8 |
GCL-Poly Energy |
3.07 |
Belle International |
3.7 |
|
9 |
Shineway Pharm |
3.05 |
China Mengniu |
3.1 |
|
10 |
China Unicom |
3.04 |
China Coal |
2.4 |
|
