Product Description
| Item |
Contents |
| Code |
830002 |
| Name |
Bank of China Steady Growth (R) |
| Product Establishment Date |
April 12, 2007 |
| Issuing Object |
Domestic institutions and individual residents |
| Administrator |
Bank of China |
| Domestic Custodian |
Industrial and Commercial Bank of China |
| Overseas Escrow Agent |
American Brown Brothers Harriman & Co. |
| Issue Share (100 million) |
7.94 |
| The Latest Total Share (100 million) |
－－－ |
| Product Management Fee |
0.60% per 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 |
Period 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% per year |
| Scope of Investment |
The product converts the collected RMB funds to USD, and then invest it in open-end equity fund, USD fixed income, money 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 Seng share index + 25% Morgan Stanley China share index + 50% Lehman Brothers USD aggregate bond index (1-10 years, over 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
Product Name: Bank of China Steady Growth (R) Deadline: 2010-10-31
| Category |
Market Value (RMB Yuan) |
Proportion |
| Equity Fund |
217,117,232.48 |
55.31% |
| Bond 1 |
132,736,824.88 |
33.82% |
| Cash and Others |
42,649,353.64 |
10.87% |
| Minimum Rating of Investment Bond |
AA+/Aa2 |
| The Top 10 Positions |
| No. |
Name |
Category |
Rating |
Market Value (Yuan) |
Proportion |
| 1 |
Credit Agricole Greater China Fund |
Greater China Equity Fund |
|
113,328,372.60 |
28.87% |
| 2 |
Fidelity China Focus Fund |
China Equity Fund |
|
103,788,859.88 |
26.44% |
| 3 |
US T 2 3/4 02/15/19 |
Government Bonds |
AAA/Aaa |
55,536,198.75 |
14.15% |
| 4 |
IBRD 5 4/1/16 |
Public Sector Bonds |
AAA/Aaa |
39,442,723.19 |
10.05% |
| 5 |
US TRE 3.75 11/15/18 |
Government Bonds |
AAA/Aaa |
37,757,902.94 |
9.62% |
| 6 |
|
|
|
|
|
| 7 |
|
|
|
|
|
| 8 |
|
|
|
|
|
| 9 |
|
|
|
|
|
| 10 |
|
|
|
|
|
Note 1: There are no bond involving American subprime housing mortgage loan in bond investment.
| |
The Top 10 Positions of Calyon Greater China Fund
(Deadline to September 30, 2010) |
The Top 10 Positions of Fidelity China Focus Fund
(Deadline to September 30, 2010) |
| No |
Name |
Proportion % |
Name |
Proportion % |
| 1 |
CHINA SHINEWAY PHARMACEUTICAL GROUP |
5.16 |
TENCENT |
7.3 |
| 2 |
CHINA STATE CONSTRUCTION INT |
4.85 |
CONSTRUCTION BANK OF CHINA |
6.0 |
| 3 |
DONGFANG ELECTRIC |
4.84 |
CHINA MOBILE |
5.5 |
| 4 |
YURUN FOOD |
4.68 |
ICBC |
5.3 |
| 5 |
CNOOC LTD |
4.62 |
CNOOC LTD |
5.0 |
| 6 |
SUN HUNG KAI PROPERTIES |
4.37 |
PING AN INSURANCE GROUP |
4.8 |
| 7 |
BEIJING ENTERPRISES HOLDINGS LTD |
4.04 |
BELLE INTERNATIONAL HOLDINGS |
4.3 |
| 8 |
CHINA MOBILE |
4.00 |
CHINA LIFE INSURANCE |
4.0 |
| 9 |
BOC |
2.96 |
CHINA COAL ENERGY |
3.3 |
| 10 |
CONSTRUCTION BANK OF CHINA |
2.96 |
CHINA MERCHANTS BANK |
2.9 |
Product Report
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