www.public4you.fora.pl

90nike5657fv

train collector html simple template model

South China Securities Investment Fund are Jinzeng Li the second quarter of 2009 _ Financial Report

South China Securities Investment Fund are Jinzeng Li second quarter of 2009 § 1 Important report of fund managers and directors of the board of directors to ensure that the information contained in this report there is no false, misleading statements or material omissions, and the authenticity of the content, accuracy and completeness of the joint and several liability. Fund Custodian Bank of China Ltd the contract under the provisions of the Fund, on July 13, 2009 review of the financial indicators in this report, net worth and portfolio performance reporting and other content, review content to ensure that there is no false, misleading statements or material omissions. Fund managers are committed to honesty, diligence and application of principles of management of fund assets, but does not guarantee the profitability of fund. The Fund's past performance is not indicative of future performance. Investment risk, before making an investment decision investors should read the prospectus of the Fund. Financial information in this report are unaudited. The reporting period from April 1, 2009 until June 30, 2009 only. Fund Products Overview ■ § 2 Note: The net value of the Fund in exchange market system, information disclosure, and other occasions revealed, it can be referred to as \§ 3 the main financial indicators and the performance of fund net 3.1 Key Financial Indicators Unit: RMB Yuan ■ Note: 1. Current period realized gains that the Fund interest income, investment income, other income (excluding changes in fair value gains) net of related expenses the balance, the current profit plus realized gains for the current period changes in fair value gains, due to money market funds using the amortized cost method, therefore, fair value gain of zero, the current period realized gains and profits of equal value. 2. Described in the Fund does not include performance indicators for the holder to subscribe for or trading fund fees, expenses included in the actual income level is lower than the listed number. 3.2 3.2.1 of this report the performance of the Fund net of fund shares and their yield performance benchmark rate of return over the same period comparison of ■ Note: The concentration of income of the Fund paid monthly according to 1 per share par value is transferred to the Fund since 3.2.2 Since the entry into force of the accumulated fund contract net change in yield and its performance compared with the benchmark rate of return over the same period comparison of changes in the report ■ § 4 Manager 4.1 Fund Manager (or fund manager group) Introduction ■ 4.2 managers on compliance with the operation of the Fund during the reporting period Regulation and trustworthy description of the situation during the reporting period, the fund managers strictly abide by the \management approach \based on the best interests of fund holders. During the reporting period, the overall legal compliance fund operation, no damage to the interests of fund holders. Fund's investment scope, investment ratio and compliance with the relevant laws and regulations, investment portfolio and the fund contract. 4.3 Specific description of fair trade fair trade 4.3.1 implementation of the system during the reporting period, the fund managers strictly enforce the \ways in all business aspects of the implementation of strict control of trade fair, equitable treatment of all funds under management and investment portfolio. 4.3.2 The style of portfolio and other investment portfolios similar comparison between the performance management of the fund manager is not similar in style to the Fund's other investment portfolios. 4.3.3 The special note irregularities in the reporting period the Fund does not exist irregularities. 4.4 During the reporting period the Fund's investment strategy and performance that \Recovery in the global economy is still showing repeated cases, extremely loose domestic monetary policy (reflected in far more than expected credit growth), fiscal policy in the context of increasing investment, driven by macro-economic investment into a more obvious recovery. Meanwhile, the recession in the early period of monetary stimulus is difficult to show significant growth in the real economy, corporate profits are unlikely to improve, but it is very likely to include bulk raw materials, real estate, stock market and other capital goods prices, this is the policy intervention in the economy \with products. \Meanwhile, the strong counter-cyclical policy will usually shorten the time to run its own economic cycle. From the domestic situation, as a developing country, China will continue to benefit from the recent urbanization and the demographic dividend of a positive role in the field of infrastructure projects, governments at all levels also have high investment enthusiasm, easy to start the engine of economic growth and recovery, This also allows us to the current trend of economic recovery and growth are more optimistic. Also, if the economy continues to recover even vigorous, overly loose monetary usually push up the overall price level, which will lead to economic policy has had to return to austerity, which will usher in a new round of economic down cycle. From the second quarter of the market situation, the adjustment of monetary policy later than we expected, money market interest rates remain low in the longer term, the bond market is showing more volatility. The IPO shares as forecast in the second quarter started, since the June 19 start offering Guilin Sanjin, repo rate rises at 1 and 7 days were about 28 basis points upstream, current interest rate is 1.10% and 1.23% Despite the impact of IPO, but the pre-repurchase rate low cost of capital should gradually return to the bank. With the rising cost of funds, short-term bond rates will sync up. Meanwhile, the central bank to tighten policy in the end of the quarter will further exacerbate the upward trend in money market rates, expected interest rates in years one year central bank bills will gradually close to the deposit interest rate, money market and bond markets will be under pressure. Trend, the bond market or bear the economic stimulus of the partial heat signs of inflationary pressure on prices; or bear the impact of monetary policy tightening, the overall bond market space by the square turn the negative situation is very clear, flat yield curve will bear presented in a way down. The second quarter, the Fund had earlier portfolio adjustment, reducing the portfolio duration, the availability of liquidity to meet redemptions, for idle funds mainly for the reverse repurchase operation, also purchased some of the floating rate debt, for arbitrage and short selling financial operations carried out to achieve some gains. The third quarter, according to the market's dramatic changes may occur, the Fund will continue to give top priority to liquidity management, while further reducing portfolio duration, holding period yield a lower selling some products, slowing the progress of new investment, while choose the appropriate combination of products in order to stabilize and improve the holding period return, and take advantage of market volatility that may arise opportunities. The Fund will continue to maintain \§ 5 reports 5.1 reporting period, the portfolio assets of the Fund report combinations ■ 5.2 ■ financing situation of the bond repurchase Notes: 1, repo financing during the reporting period the balance of the ratio of total net assets of the Fund for the financing of the balance of each trading day during the reporting period the proportion of net assets attributable to the simple average. 2, during the reporting period, the money market funds Bond funds are the balance of repurchase does not exceed 20% of the net asset value at end fund portfolio 5.3 portfolio remaining maturity of the average remaining maturity 5.3.1 Basic ■ Note: The currency of the reporting period Market Fund's investment portfolio average remaining life of not more than 180 days 5.3.2 reporting period average remaining life of the portfolio distribution ratio of the reporting period ■ 5.4 species classified by bond bond portfolio ■ 5.5 reporting period accounted for at amortized cost ratio of the size of the net assets of the Fund Ranking List of the top ten bond investment ■ 5.6 \■ 5.8 Portfolio Statements ■ ■ ■ 5.8.4 Other assets constitute ■ § 6 Changes in open-end fund share of the unit: copies ■ § 7 Documents Available for Inspection 7.1 Documents Available for Inspection 1, the South is Jinzeng Li Fund Fund contract. 2, the South is Jinzeng Li fund trust agreement. 3, the South is Jinzeng Li Fund 2009 Q2 text of the report. 7.2 Location Shenzhen Fuhua Road, Futian District, Business Building, 6, 31-33 tax-free way to level 7.3 Search site: [link widoczny dla zalogowanych] Fund referred to the South is Jinzeng Li currency trading fund operation code 202 301 Contractual open effective date of the contract-end funds March 5, 2004 reporting period were 11,210,476,402.22 Total fund shares for the investment objective of the Fund with high liquidity, low risk and stable income of short-term money market fund,[link widoczny dla zalogowanych], the premise of risk control , and strive to provide investors with stable income. Jinzeng Li fund investment strategy is to the south \, mainly by rolling investment strategy for the crucial period of the timing of decisions, combined with timely market buyback arbitrage operations. Performance benchmark rate of return for the Fund = 1-year bank deposit rate of return (after tax) (to August 26, 2008) The benchmark rate of return over the same period 7 days notice = deposit rate (after tax) (since 2008 August 27 onwards) Southern Fund Management Co., Ltd. fund manager and fund custodian Bank of China Ltd Main Financial Indicators of the reporting period (April 1, 2009 -2009 on June 30) 1. This issue proceeds, 47,426,509.272. Profit for the period 47,426,509.273. 11,[link widoczny dla zalogowanych],210,476,402.22 final stage of funds net assets net income net rate of return standard deviation ① ② ③ performance benchmark rate of return performance benchmark rate of return standard deviation ④ ① - ③ ② - ④ 0.0046% over the past three months, 0.3200% 0.3722% 0.0005% 0.0522% 0.0041% Name Title of any term of the securities fund managers working years that the date of departure date Hanya Qing serving fund manager of the Fund November 11, 2008 -4, Master of Economics with a fund practice. Served in the Bureau of National Development Bank funding, the National Social Security Fund Investment. In 2008 joined the Southern Fund,[link widoczny dla zalogowanych], since November 2008, he served as manager of the South Cash Fund. WAN Xiao-west of the fund managers June 6, 2007 -4, Master of Economics with a fund practice. Worked in the Agricultural Bank and Shenzhen Development Bank's international business, in 2005 joined the Southern Fund, since June 2007, he served as manager of the South Cash Fund. No Item Amount (dollars) accounted for the Fund's total assets ratio (%) a fixed income investment 5,413,521,221.6546.99 which: Bonds 5,353,521,221.6546.47 asset-backed securities 60,000,000.000. Financial assets purchased under resale agreements 522 2,031,200,568.8017.63 including: outright repurchase of financial assets resale settlement provisions 3 Total bank deposits and other assets 3,263,824,972.9628.334 810,876,383.297.045 Total 11,519,423,146.70100.00 No Item Amount (dollars) accounted for the proportion of net asset value (%) 1 repo financing during the reporting period the balance of 9,795,141,802.491. 34 Of which: repurchase financing 2 outright bond repurchase financing the balance of the reporting period including: outright repo financing reporting period the number of days the average remaining maturity of the portfolio during the reporting period 72 average remaining life of the portfolio during the reporting period the maximum value of 127 combination of the lowest 61 average remaining life of the average number of assets accounted for the remaining duration of the period the proportion of net asset value (%) of the duration of liabilities, the ratio of total net assets of the Fund (%) 42.16% 1.96 within 130 days of which: the remaining duration of more than 397 days The floating rate debt 0.000.00230 days (inclusive) -60 days 4.720.00 including: the remaining duration of more than 397 days of floating rate debt 1.330.00360 days (inclusive) -90 days 13.680.00 including: the remaining duration of more than 397 days The floating rate debt 2.920.00490 days (inclusive) -180 days 21.250.00 including: the remaining duration of more than 397 days of floating rate debt 4.090.005180 days (inclusive) -397 days (inclusive) 13.240.00 including: the remaining duration over 397 days of floating rate debt 0.000.00 95.051.96 Total amortized cost serial bond products (million) accounted for the proportion of net asset value (%) 1 National Bonds 0.000.002 central bank bills 299,855,200.382.673 bonds 1,134,546,[link widoczny dla zalogowanych],134.5810.12 including: corporate bonds, policy financial bonds 1,134,546,134.5810.124 84,072,508.760.755 other corporate short-term bonds 2,668,946,000.3823.816 1,166 , 101,377.5510.407 total 5,353,521,221.6547.758 duration of more than 397 days remaining floating rate notes 934,413,894.428.34 Bond number Bond Code Name of the number of bonds (Zhang) amortized cost (yuan) the proportion of total net assets of the Fund (%) 104,070,504 Bank of China Construction Bank 03 02 floating 5,900,000592,171,974.645.28205060305 floating 5,750,000573,929,402.915.12307021107 country for 114,000,000398,363,040.683 .554088126908 Su transport CP013, 000,000300,820,014.922.685080107808 Soviet central ticket 783,000,000299,855,200.382.676098103909 traffic CP012, 800,000280,210,096.572.507088121908 grid CP022, 500,000251,677, 484.122.25808030308 out 032,300,000229,096,669.132.049088121008 Netcom CP012, 100,000211,520,984.591.8910088114008 flight of a CP012, 000,000200,250,255.261.79 project deviations during the reporting period the absolute deviation value at 0.25 (inclusive) -0.5% 30 times during the period between the degree of deviation from 0.3978% maximum deviation during the reporting period the minimum value of 0.1110 percent deviation of each trading day during the reporting period the simple average of the absolute value of 0.2583 % Bond No. Bond Code Name Quantity (copies) the end of the market value of the proportion of total net assets of the Fund (%) 1,119,004 Electric 03600,00060,000,000.000.545.8.1 fund valuation method Lan instructions. This fund uses \provide income. 5.8.2 If the holders of money market funds during the reporting period is less than 397 days remaining period but the remaining duration of more than 397 days of floating rate notes, shall declare the existence of the reporting period of such floating rate bond over the amortized cost of the day 20% of net asset value of the situation. During the reporting period the Fund holds the remaining term of less than 397 days but the remaining duration of more than 397 days of floating rate bonds, but there is no such floating rate debt at amortized cost more than the day 20% of net asset value of the situation. 5.8.3 Statement of the Fund invested in the top ten issuers of securities regulators issue whether there is criminal investigation, or in the year prior to reporting by the public reprimand, punishment situation. The fund invests in the top ten issuers of securities regulators issue does not appear to be to initiate an investigation, or in the report prepared by a year prior to public reprimand, punishment situation. Serial number the amount of other assets (yuan) 1 refundable deposit 250,000.002 securities settlement accounts receivable 03 Interest receivable due from subscription fund 713,345,075.905 96,976,464.234 other receivables 07 Other deferred expenses 304,843.166 reporting period beginning 08 Total 810,876,383.29 14,908,416,022.75 Total fund shares during the reporting period, the total purchase shares 11,043,099,440.06 Fund during the reporting period, the total redemption of fund shares 14,741,039,060.59 report end fund share of the total 11,210,476,402.222009 on June 30 fund managers: China Southern Fund Management Co., Ltd. Fund Custodian: Industrial and Commercial Bank Report Submitted Date: July 18, 2009 Related topics: fund Report of the second quarter of 2009

More articles related to topics：

moncler jackets sale The rise of private equity pu

polo outlet online Paul Heng Yuan Southern Securit

[link widoczny dla zalogowanych]