Fund China

Hua’an Fund Management Co., Ltd.

Founded in June 1998, one of the earliest fund management companies in China.
Headquartered in Shanghai, with a branch in Beijing.
Products include four close-end funds, five open-end funds, and one ETF.
Total asset under management over 34 billion RMB, one of the largest in China.

First to manage more than one fund in June 1999
First to launch open-ended fund in September 2001
First to offer regular investment plan to retail investors in April 2002
First to offer index tracking fund in November 2002
First to launch on-line subscription and redemption service in April 2003
First to launch Money Market Fund in Dec. 2003
Paid largest dividend to investors with accumulative dividend payment exceeding 6.9 billion RMB since company founding.

2005: Golden Bull Fund Management Company, awarded by China Security News.
2005: Top Ten Fund Management Companies in China, awarded by hexun.com
2005: Top Ten Most Reliable Fund Management Companies in China, awarded by sina.com
2005: Overall Competency Award in Fund Management Category, awarded by 21 Century Business Tribute.
2004: Top Ten Most Respected Fund Management Companies in China, awarded by Global Managers.

Shareholders

Investment

Strong research capability and excellent portfolio management framework.
In-depth knowledge on local markets and governance framework.
A corporate culture that focuses on compliance and risk management.

Hua An Baoli Balanced Fund: Best Allocated RMB Fund(1Year) in 2005,awarded by Lipper
Hua An Baoli Balanced Fund: Top 10 Star Funds in 2005,awarded by Hexun.com
Hua An Baoli Balanced Fund: Golden Bull Prize of Open-end Balenced Fund in 2005,awarded by China Security News.
Fund Anxin:Best Large Scale Close-End Fund in 2004,awarded by Morningstar.
Hua An Baoli Balanced Fund:Rising Star of Bond Investing Fund in China in 2004,awarded by 21 Century Business Tribute.
Fund Anshun:Golden Bull Prize of Large Scale Close-End Funds in 2004,awarded by China Security News.
Top three best manager position and No.6 amongst over 50 fund managers in China in 2001,ranked by New Fortune Magazine.

Equity Research
Focusing on fundamental research
Supplemented by quantitative analysis and model forecasts
Proprietary stock screening system and quantitative forecast system
Risk Assessment and Attribution System
5-grade stock classification system, on the basis of expected returns and risk levels

Bond Research
Macro economic analysis
- Economic condition and consumer price trend
- Interest rates and foreign exchange rates in home and overseas markets
- Monetary, taxation, and credit policies
- Bond supply and demand
Bond analysis
- Treasury, financial, corporate, convertible
- Yield curve analysis and choice of long/short term bonds
- Market-caused differences (Exchange and Inter-bank market) and arbitrage opportunities

Equity portfolio managers have rich experience in research
Equity Investment
Close teamwork between portfolio managers and industry analysts
Major investments require on-site team visits by portfolio managers and sector analysts
Daily meeting and periodical meeting regime by analysts and portfolio managers
Combination of top-down and bottom-up approach
Asset allocation decision by Investment Committee
Portfolio analysis and performance attribution

Bond Investment
Portfolio Strategy
- Product mix（Treasury, financial, corporate, convertible）
- Portfolio diversification and duration
Bond Repos
- Repo/reverse repo
- Liquidity management

Marking & Customer Service

Best Fund Electronic-Commerce of 2005,awarded by Value Magazine
First prize of The Best Fund Websites of 2005,awarded by Securities News
EC marketing won “The Supreme Marketing Case of 2005″,awarded by hexun.com
Best Marketing of 2004,awarded by Shanghai Securities Daily
Best Call Center of 2004,awarded by CTI
Large client base: over 670,000 investors

Biggest electronic direct-sales channel in China’s fund industry
Best Marketing of Fund Electronic Direct-sales in 2005,awarded by Value Magazine
Top Websites In China’s Fund Management Companies of 2005,awarded by Value Magazine
Best Fund Technical Innovation websites of 2005,awarded by Securities News

Responsive customer call center service
Leading IT infrastructure in support of trading, data-mining and CRM
Continuous account updates and information service

Distribution partners covering all major cities and markets in China
Bank distribution channels: ICBC, Bank of Communications, etc
Over 10 stock broker distribution channels

Direct Sales Forces in Shanghai and Beijing
20 account managers with rich financial planning and client service experience
Quality of client service widely recognized by institutional investors
- Understanding client needs and investment objectives
- Recommending fund products or fund portfolio to clients appropriate to their needs
- Continuous account updates, market information, and investment advisory service

Hua An Fund Family
Offering comprehensive product lines to meet different client investment needs

Open-end Funds

Hua An Innovations
- China’s first open-ended fund
- Current size:2.0 billion units*
- Investment style:enhanced index investment
- Investment style:actively managed
- Benchmark: yield of SSE Composite Index*80%+ yield of CITIC Bond Index*20%
- Target portfolio:80% stock+20% bond
- Portfolio strategy:Invests in either ‘growth’ stocks or ‘value’ stocks or both. Uses fundamental analysis of each issuer’s financial condition and industry position and market and economic conditions to select investments.

Hua An MSCI China A Share Enhanced Index Fund
- First open-end index fund in China
- Size:0.7 billion units*
- Investment style:enhanced index investment
- Benchmark:yield of MSCI China A Index*95%+ yield of inter-bank deposit*5%
- Investment targets:seeking 0.5%-2% higher-than-benchmark return
- Investment restrictions:investment in index stocks no less than 80% of the equity portfolio, holding number of stocks no less than 70% of the number of constituent stocks

Hua An Fuli Money Market Fund
- China’s first Money Market Fund
- Investment style:active management
- Benchmark:checking account interest rate
- Investment:bank deposit,short-term bonds,repos,and commercial papers
- One of the biggest MMFs in China,with a size of more than 33 billion units*

Hua An Baoli Balanced Fund
- Balanced fund
- Investment style:active management
- Fund size:0.8 billion units*
- Benchmark:yield of TX CB Index*35%+ yield of TX 280 Index*30%+ yield of TX Bond Index*30%+ yield of Inter-Bank Lending Rate*5%
- Target portfolio:45% (CB+CB related stocks)+30% bond+20% stock
- Portfolio strategy:tactical asset allocation among common stocks,convertible bonds,bonds and cash to take advantage of market opportunity based on manager’s outlook.

Hua An Hongli Equity Fund
- Equity fund
- Investment style:active management
- Fund size:1.7 billion units**
- Benchmark:T yield of CITIC Standard 300 Index*90%+ yield of inter-bank deposit*10%
- Target portfolio:90% stocks+10% (bonds or CB or other)
- Portfolio strategy : Invests in large scale stocks with healthy incomes and durative dividend.

ETFs

SSE 180 ETF

- ETF
- Fund size:0.1 billion units*
- Investment style: index investment
- Benchmark: yield of SSE 180 Index*100%
- Investment restrictions: investment in index stocks no less than 95% of the equity portfolio

Close-end Funds

Fund Anxin
- Close-ended fund,2 billion RMB
- Investment style:active management
- Benchmark:SSE Composite Index
- Target portfolio:80% stock +20% bond investment
- Investment strategy:stocks with high growth potential
- Highest dividend payment per unit amongst all investment funds in China,with accumulative dividend paid exceeding principal invested
“Best Big-size Close-end Fund,2004”,Morning Star

Fund Anshun
- Close-ended fund,size3 billion RMB
- Investment Style:actively managed
- Benchmark:SSE Composite Index
- Target portfolio:80% stock+20% bond
- Investment Strategy:value and growth stocks
- No. 1 in cumulative dividend paid amongst all funds with the same size
- “Annual Golden Bull Fund,2004”,Chinese Securities Daily

Fund Anrui
- Close-ended fund,size:500 million RMB
- Investment style:actively managed
- Benchmark:CITIC Small Cap Index
- Target Portfolio:80% stock+20% bond
- Investment Strategy:small capitalization companies

Fund Anjiu
- Close-ended fund,asset size 500 million RMB
- Investment style:actively managed
- Benchmark:SSE Composite Index
- Target portfolio:80% stock+20% bond
- Investment strategy:high growth companies

Copyright Fund China 2008.

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