华宝兴业基金管理有限公司

在线客服

Our Products

Investment Strategy

1.  Asset  AllocationThe fund adopts active asset allocation strategy, based on following factors:

(1) Macro economics indicators: GDP, GDP structure, CPI, PMI, Population Structure etc;

(2) Macro policies: fiscal and monetary policies;

(3) Market liquidity indicators: supply and demand of market capital.

2.  Stock Investment Strategy:

The stocks relevant to ecology concept includes corporations in new energy sector and environmental protection sector, and those dedicate themselves to the ecology civilization construction such as energy conservation, emission reduction.Base on the following factors, this fund will dynamically allocate benefited sectors in certain period: Macro and industries circle factor, Industry policy, Economic and social factors, Market Demand factors.The fund will analyze the growth capacity and investment value of these listing corporations though both quantitative method and qualitative method.

3.  Fixed Income Instruments Investment Strategy:

The fund adopts a top-down methodology to manage its fixed income portfolio.Firstly, the fund determines its overall fixed income instruments duration according to macro economy condition, monetary policies and interest expectation.Secondly,the fund relies on a bottom-up methodology to pick up individual securities, the factors should be evaluated included: Return, Volatility, Yield to Maturity, Coupon Rate, Liquidity and Credit Rating.The strategies the fund manager adopts include: interest expectation, valuation, interest rate spread strategy, swap strategy, credit analysis.

4.  Investment Strategies for Other Financial Instruments:

Based on the principle of risk management, the fund could invest in other financial instruments if the laws and regulations approve so.

Investment Process

1. Investment Decision Committee(IDC) make major investment decisionIDC hold regular and irregular meeting, make major strategy and asset allocation decisions.

2. Quantitative Investment Department make quantitative analysisThe quantitative investment department will check and refresh the statues of stocks in the underlying index regularly. At the same time it will hand the result of the quantitative sector allocation and the quantitative stock model analysis to the fund manager and the research department.

3. Research Department is responsible for investment research and analysisMacro research member make research paper to advice on the fund’s allocation on stock, bonds and cash. Research paper is written base on the studying of other securities firms, funds’ report, visiting government’s research and decision department, studying of economic trend, economic policy (monetary policy, fiscal policy, regional and industry policy), important technology advance.

4. Fund manager team make executionFund manager team will make decision on the stock market through the understanding of macroeconomics and industry development, quantitative analysis and other financial tools. At the same time, manger team’s advice will be combined with quantitative model and researcher’s report to form investment plan and handed to Investment decision committee. The detailed investment will be made base on the Investment Decision Committee’s decision.After the committee exam the investment portfolio plan, fund manager will then take the specific investment order to the trading department. The trader will make investment base on the specific investment decision.

5. Performance EvaluationThe evaluation will base on the following four criteria: risk evaluation, performance evaluation,risk-adjusted performance evaluation and performance contribution analysis.

6. Internal ControlInternal Control Committee, supervisor, vice general manager and internal control audit risk management department are responsible for the establishment and execution of the internal control system.

DISCLAIMER & DECLARATION

Fortune SG Fund Management Co.,Ltd. 58/F Shanghai World Financial Center,100 Century Avenue,ShangHai,China 200120

TEL:+86 21 38505888Office Fax:+86 21 38505777Hot Line:400-700-5588Customer Service Fax:+86 21 38924555

Website:www.fsfund.com