CIMB-Principal Greater China Equity Fund Greater China...Total Cash ASSET ALLOCATION 100.00% 96.51%...
2
Portfolio Manager Nurzita Abdul Wahab Location Kuala Lumpur, Malaysia Domicile Malaysia Fund Currency Ringgit Malaysia Fund Size (RM) RM315.77 million Fund Size (USD) USD105.93 million Fund Unit 813.60 million units Fund Launch Fund Inception (RM) Fund Inception (USD) Benchmark MSCI Golden Dragon Index FUND OBJECTIVE FUND PERFORMANCE in RM* July 2007 INVESTMENT VOLATILITY^ FUND INFORMATION 12 June 2007 4 July 2007 The Fund aims to achieve medium to long term capital growth primarily through investment in a portfolio of equity securities with exposure to the Greater China region consisting of the People’s Republic of China, Hong Kong and Taiwan. CIMB-Principal Greater China Equity Fund 31 August 2011 Fund Benchmark -40% -30% -20% -10% 0% 10% 20% 30% 40% Jun-07 Sep-07 Dec-07 Mar-08 Jun-08 Sep-08 Dec-08 Mar-09 Jun-09 Sep-09 Dec-09 Mar-10 Jun-10 Sep-10 Dec-10 Mar-11 Jun-11 Benchmark MSCI Golden Dragon Index Dealing Daily (as per Bursa Malaysia trading day) Application Fee Up to 5.50% Management Fee Up to 1.80% p.a. Trustee Fee 0.08% p.a. (min 18,000 p.a.) Cumulative Performance (%) Unit NAV (RM) RM0.3881 Unit NAV (USD) USD0.1302 Currency ISIN Code Bloomberg Ticker RM MYU1000CB001 CIMGRCH MK USD MYU1002CB007 CIMGRCH MK Calendar Year Performance (%) CIMB-Principal Asset Management Berhad Level 5 Menara Milenium 8 Jalan Damanlela Bukit Damansara 50490 Kuala Lumpur Malaysia Tel: +603-7718 3100 Email: [email protected] Website: www.cimb-principal.com.my Since Inception -17.87 -21.05 12.05 *July 2007 to August 2011, Performance data represents the combined income & capital return as a result of holding units in the fund for the specified length of time, based on bid to bid prices. Earnings are assumed to be reinvested. Source: Management Co. Fund 1 Year -11.98 2010 2009 2008 Benchmark -13.57 -8.40 -14.11 1 Month Benchmark 10.97 -45.82 -48.57 YTD 3 Years Fund -16.78 -2.09 -6.44 3 Months -10.06 6 Months 67.33 60.81 -1.09 -0.55 2007 -1.14 -11.14 -14.57 -6.01 ^Based on the fund's portfolio returns as at 15 July 2011, the Volatility Factor (VF) for this fund is 23.02 and is classified as "Very High" (source: Lipper). "Very High" includes funds with VF that are above 17.535. The VF means there is a possibility for the fund in generating an upside return or downside return around this VF. The Volatility Class (VC) is assigned by Lipper based on quintile ranks of VF for qualified funds. VF is subject to monthly revision and VC will be revised every six months. The fund's portfolio may have changed since this date and there is no guarantee that the fund will continue to have the same VF or VC in the future. Presently, only funds launched in the market for at least 36 months will display the VF and its VC. We recommend that you read and understand the contents of the Master Prospectus Issue No. 15 dated 30 June 2011 which has been duly registered with the Securities Commission, before investing and that you keep the said Master Prospectus for your record. Any issue of units to which the Master Prospectus relates will only be made upon receipt of the completed application form referred to in and accompanying the Master Prospectus, subject to the terms and conditions therein. Investments in the Fund are exposed to Fund Manager’s risk, legal and tax risk, currency risk, counterparty risk, liquidity risk, stock specific risk, company specific risk and country risk. You can obtain a copy of the Master Prospectus from the head office of CIMB-Principal Asset Management Berhad or from any of our approved distributors. There are fees and charges involved in investing in the funds. We suggest that you consider these charges carefully prior to making an investment. Unit prices and income distributions, if any, may fall or rise. Past performance is not reflective of future performance and income distributions are not guaranteed. You are also advised to read and understand the contents of the Unit Trust Loan Financing Risk Disclosure Statement before deciding to borrow to purchase units. All performance figures have been verified by Mercer (Malaysia) Sdn Bhd (253344-U). -50% -40% Page 1 of 2
Transcript of CIMB-Principal Greater China Equity Fund Greater China...Total Cash ASSET ALLOCATION 100.00% 96.51%...
Portfolio Manager Nurzita Abdul Wahab
Location Kuala Lumpur, Malaysia
Domicile Malaysia
Fund Currency Ringgit Malaysia
Fund Size (RM) RM315.77 million
Fund Size (USD) USD105.93 million
Fund Unit 813.60 million units
Fund Launch
Fund Inception (RM)
Fund Inception (USD)
Benchmark MSCI Golden Dragon Index
FUND OBJECTIVE
FUND PERFORMANCE in RM*
July 2007
INVESTMENT VOLATILITY^
FUND INFORMATION
12 June 2007
4 July 2007
The Fund aims to achieve medium to long term capital growth primarily through investmentin a portfolio of equity securities with exposure to the Greater China region consisting of thePeople’s Republic of China, Hong Kong and Taiwan.
CIMB-Principal Greater China Equity Fund
31 August 2011
Fund
Benchmark
-40%
-30%
-20%
-10%
0%
10%
20%
30%
40%
Ju
n-0
7
Se
p-0
7
De
c-0
7
Ma
r-0
8
Ju
n-0
8
Se
p-0
8
De
c-0
8
Ma
r-0
9
Ju
n-0
9
Se
p-0
9
De
c-0
9
Ma
r-1
0
Ju
n-1
0
Se
p-1
0
De
c-1
0
Ma
r-1
1
Ju
n-1
1
Benchmark MSCI Golden Dragon Index
Dealing Daily (as per Bursa Malaysia trading day)
Application Fee Up to 5.50%
Management Fee Up to 1.80% p.a.
Trustee Fee 0.08% p.a. (min 18,000 p.a.) Cumulative Performance (%)
Unit NAV (RM) RM0.3881
Unit NAV (USD) USD0.1302
Currency ISIN Code Bloomberg Ticker
RM MYU1000CB001 CIMGRCH MK
USD MYU1002CB007 CIMGRCH MK
Calendar Year Performance (%)
CIMB-Principal Asset Management Berhad
Level 5 Menara Milenium 8 Jalan Damanlela
Bukit Damansara 50490 Kuala Lumpur Malaysia
Tel: +603-7718 3100
Email: [email protected]
Website: www.cimb-principal.com.my
Since
Inception
-17.87
-21.05
12.05
*July 2007 to August 2011, Performance data represents the combined income & capital return as a result of holding units
in the fund for the specified length of time, based on bid to bid prices. Earnings are assumed to be reinvested. Source:
Management Co.
Fund
1 Year
-11.98
2010 2009 2008
Benchmark -13.57 -8.40 -14.11
1 Month
Benchmark
10.97-45.82
-48.57
YTD 3 Years
Fund -16.78
-2.09 -6.44
3 Months
-10.06
6 Months
67.33
60.81-1.09
-0.55
2007
-1.14-11.14 -14.57 -6.01
^Based on the fund's portfolio returns as at 15 July 2011, the Volatility Factor (VF) for this fund is 23.02 and is classified as"Very High" (source: Lipper). "Very High" includes funds with VF that are above 17.535. The VF means there is a possibilityfor the fund in generating an upside return or downside return around this VF. The Volatility Class (VC) is assigned byLipper based on quintile ranks of VF for qualified funds. VF is subject to monthly revision and VC will be revised every sixmonths. The fund's portfolio may have changed since this date and there is no guarantee that the fund will continue to havethe same VF or VC in the future. Presently, only funds launched in the market for at least 36 months will display the VF andits VC.
We recommend that you read and understand the contents of the Master Prospectus Issue No. 15 dated 30 June 2011which has been duly registered with the Securities Commission, before investing and that you keep the said MasterProspectus for your record. Any issue of units to which the Master Prospectus relates will only be made upon receipt of thecompleted application form referred to in and accompanying the Master Prospectus, subject to the terms and conditionstherein. Investments in the Fund are exposed to Fund Manager’s risk, legal and tax risk, currency risk, counterpartyrisk, liquidity risk, stock specific risk, company specific risk and country risk. You can obtain a copy of the MasterProspectus from the head office of CIMB-Principal Asset Management Berhad or from any of our approved distributors.There are fees and charges involved in investing in the funds. We suggest that you consider these charges carefully prior tomaking an investment. Unit prices and income distributions, if any, may fall or rise. Past performance is not reflective offuture performance and income distributions are not guaranteed. You are also advised to read and understand the contentsof the Unit Trust Loan Financing Risk Disclosure Statement before deciding to borrow to purchase units. All performancefigures have been verified by Mercer (Malaysia) Sdn Bhd (253344-U).
-50%
-40%
Page 1 of 2
Total
Cash
ASSET ALLOCATION
100.00%
96.51%
3.49%
Schroder ISF Greater China
PORTFOLIO ANALYSIS FUND MANAGER’S REPORT
SECTOR BREAKDOWN* COUNTRY ALLOCATION*
CIMB-Principal Greater China Equity Fund
31 August 2011
In August, the Fund lost 11.14% compared to thelosses of 8.40% for the Golden Dragon Index.Holdings in the financial sector were among thedetractors. YTD, the fund is down16.78%, underperforming benchmark’s return of -13.57%.
Markets across the globe shed value in August asconcerns over the US recovery and the continueddebt crisis in Europe panicked investors. While HKoutperformed the region, Taiwan and China drovegreater China markets deep into the red. Chineseexport orders fell for the first time in two years, whilemanufacturing in Taiwan contracted, signaling aslowdown in growth across the region. Thesedevelopments weighed on the industrials andmaterials sectors, which lagged the benchmark.
Recent market weakness has provided opportunitiesto add to preferred beneficiaries of Asia’s structuralconsumer growth theme. The region’s markets offerinteresting stock selection opportunities aseconomic growth prospects remain strong. Wecontinue to be cautious about the fundamentalhealth of China’s banking sector and propertymarket. Instead, we prefer the region’s insurers and
3 years monthly data
Total
*Of the target fund.
3.30%
2.80%
4.90%
3.90%
5.70%
Hon Hai Precision Industry
China Mobile
4.50%
3.90%
Taiwan Semiconductor Manufacturing
Cash
8.70%
2.40%
0.90%Utilities
Materials
11.00%
9.30%
10.80%
Cash
7.90%
Hong Kong
United Kingdom
50.60%
23.10%
Financials 29.20%
16.90%Information Technology
2.40%
0.80%
Consumer Discretionary
23.10%
7
10
9
CNOOC
5
4
8
Tencent
China Coal Energy
Chunghwa Telecom
6
Consumer Staples
Telecom
Energy
36.80%
2.60%
2.40%
2.80%
Taiwan
Industrials
2
1
3
RISK STATISTICS
Beta 0.98
Information Ratio
TOP HOLDINGS*
Industrial & Commercial Bank of China
Jardine Matheson Holdings
China Construction Bank
China
2.80%
-0.13
Standard Deviation
Sharpe Ratio
-0.25
23.93
market. Instead, we prefer the region’s insurers andwider consumer plays. We are also increasinglypositive on Hong Kong property names followingtheir correction, along with select industrials with acompetitive advantage.
*Of the target fund.
Page 2 of 2
