DOCSLIB.ORG

2010 ADDITIONAL INFORMATION Page 4 of 44 4

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
2010 ADDITIONAL INFORMATION Page 4 of 44 4 2010 ANNUAL REPORT ADDITIONAL INFORMATION Annual Report 2010 – Additional Information I. Tables of returns 1. Auditors’ Report ................................................................................................. 1 2. General Notes .................................................................................................... 4 3. Short Term Investments ....................................................................................... 6 4. Real Return Bonds .............................................................................................. 8 5. Long Term Bonds ............................................................................................... 10 6. Bonds .............................................................................................................. 12 7. Bonds - Fixed Income ......................................................................................... 14 8. Canadian Equity ................................................................................................ 16 9. Publicly Traded Canadian Equity Markets ............................................................. 18 10. EAFE Foreign Equity .......................................................................................... 20 11. U.S. Equity ....................................................................................................... 22 12. Emerging Markets Equity .................................................................................... 24 13. Publicly Traded Emerging Market Equity Markets ................................................... 26 14. Global Equity .................................................................................................... 28 15. Québec International .......................................................................................... 30 16. Private Equity ................................................................................................... 32 17. Real Estate Debt ............................................................................................... 34 18. Real Estate ....................................................................................................... 36 19. Hedge Funds ..................................................................................................... 39 20. Infrastructure .................................................................................................... 41 21. Balanced Fund .................................................................................................. 43 II. Financial statistics and review 1. Changes in net assets ........................................................................................ 47 2. Statement of income and changes in net assets under management ......................... 48 3. Changes in depositors’ holdings .......................................................................... 49 4. Breakdown of depositors’ holdings ....................................................................... 54 5. Annual interest or income paid out on average deposits ......................................... 55 6. Summary of investments ..................................................................................... 56 7. Breakdown of investments .................................................................................. 57 8. Real Estate sector – Mortgages of $5 million and over ........................................... 59 9. Investments in shares and bonds of publicly traded companies ................................. 66 10. Investments in shares and bonds of privately held companies ................................ 150 11. Statement of real estate holdings ...................................................................... 163 12. Statement of properties held for resale ............................................................... 166 The codes of ethics and professional conduct are available online at www.lacaisse.com under the Governance tab. I. Tables of returns Caisse de dépôt et placement du Québec for the period ended December 31, 2010 GIPS® compliant presentation Samson Bélair/Deloitte & Touche s.e.n.c.r.l. 1 Place Ville Marie Suite 3000 Montreal QC H3B 4T9 Canada Tel: 514-393-7115 Fax: 514-390-4111 www.deloitte.ca Auditor’s Report on Compliance with the Global Investment Performance Standards on a firm-wide basis To: The Directors of Caisse de dépôt et placement du Québec We have audited Caisse de dépôt et placement du Québec – Depositors’ accounts (the “Company”) compliance with the composite construction requirements for the Global Investment Performance Standards (“GIPS®”) on a firm-wide basis for the period from January 1, 2001 to December 31, 2010, and the design of its processes and procedures to calculate and present performance results in compliance with the GIPS® Standards as of December 31, 2010. Compliance with the GIPS® Standards is the responsibility of the management of the Company. Our responsibility is to express an opinion based upon our audit. We conducted our audit in accordance with Canadian generally accepted auditing standards. Those standards require that we plan and perform an audit to obtain reasonable assurance whether the Company complied with the criteria established by the GIPS® Standards. Such an audit includes examining, on a test basis, evidence supporting compliance, evaluating the overall compliance with these criteria, and where applicable, assessing the accounting principles used and significant estimates made by management. In our opinion, the Company has complied with the GIPS® Standards for the period from January 1, 2001 to December 31, 2010, including the composite construction requirements on a firm wide basis and the design of its processes and procedures to calculate and present performance results in compliance with the GIPS® Standards as of December 31, 2010. We have issued a separate audit report on certain individual composite presentations of the Company dated February 22, 2011, and accordingly, we express no opinion or any other form of assurance on the individual composite performance results in this compliance report. Chartered Accountants Montreal, Canada February 22, 2011 ____________________ 1 Chartered accountant auditor permit No. 8845 Samson Bélair/Deloitte & Touche s.e.n.c.r.l. 1 Place Ville Marie Suite 3000 Montreal QC H3B 4T9 Canada Tel: 514-393-7115 Fax: 514-390-4111 www.deloitte.ca INDEPENDENT AUDITOR’S REPORT To the Directors of Caisse de dépôt et placement du Québec We have examined the performance calculations included in the accompanying Composite Performance Survey of Caisse de dépôt et placement du Québec (the “Schedules”) for the period from January 1, 2001 to December 31, 2010. The Schedules have been prepared by management of Caisse de dépôt et placement du Québec (the “Caisse”) based on the Global Investment Performance Standards (GIPS®) of the CFA Institute as described in the Notes to the Schedules. Management's Responsibility for the Schedules Management is responsible for the preparation of the Schedules in accordance with the Global Investment Performance Standards (GIPS®) as described in the Notes to the Schedules, and for such internal control as management determines is necessary to enable the preparation of the Schedules that are free from material misstatement, whether due to fraud or error. Management is also responsible for determining that the financial reporting framework is acceptable in the circumstances. Auditor’s Responsibility Our responsibility is to express an opinion on the Schedules based on our audit. We conducted our audit in accordance with Canadian generally accepted auditing standards. Those standards require that we plan and perform the procedures for a Verification and Performance Examination set forth by the GIPS® Standards and such other procedures as we considered necessary in the circumstances. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the Schedules. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the Schedules, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity's preparation and fair presentation of the Schedules in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the Schedules. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Opinion In our opinion, the Schedules present fairly, in all material respects, the portfolio and benchmark returns of the Company for the period ended December 31, 2010 in accordance with the calculation methodology required by the Global Investment Performance Standards (GIPS®) of the CFA Institute as described in the Notes to the Schedule. Other matters We have issued a separate audit report on the Caisse’s compliance on a firm-wide basis with the Global Investment Performance Standards (GIPS®) dated February 22, 2011, and accordingly, we express no opinion or any other form of assurance on the Company’s firm-wide compliance in this report. Basis
Load more

Recommended publications
  • HOTEL NEWS October 2013
    HOTEL NEWS October 2013 TRANSACTIONS FOR SALE BRANDS TRENDS NEW OPENINGS DEVELOPMENT Welcome to our latest monthly round-up, highlighting a selection of key news and developments for the UK & Ireland. Transactions Swiss-based BSQ Investments has acquired the 4-star 774-bed Citywest Hotel & Golf Resort, Dublin for around €30M. The hotel, with conference facilities for over 4,000 delegates, was de- veloped by Mansfield Group in the 1990s but has been managed by Dalata since being placed in receivership last year. Michels & Taylor will shortly take over the management of the hotel. The Greater Manchester Pension Fund has acquired the 4-star 138-bed Novotel Cardiff Centre for £12.3M, reflecting a net initial yield of 6.3%. The former Hanover International hotel is leased to Accor until 2030 at the higher ofa minimum base rent of £822,000 p.a. or 23% of turnover. Savills has completed the sale of two hotels in York. The 91-bed Ibis York Centre, which is leased to Accor until 2023 with a follow on extension, was bought by Algonquin off a £6M guide price. The 200-bed Park Inn York was sold off a £18M guide price to an unnamed buyer and is leased to Carlson Rezidor until 2031. Canadian hotel group Northland Properties has acquired the 4-star 151-bed Ramada Plaza Lon- don Gatwick for a price well in excess of the £4.9M guide price set by Knight Frank on behalf of administrators, KPMG. Northland plan to reposition the hotel under their Sandman Signature brand, joining their other UK property, which opened in Newcastle in 2011.
    [Show full text]
  • * This Document Is Important and Requires Your
    THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION If you are in doubt as to any aspect of this document, you should consult your licensed securities dealer, bank manager, Sch I front page solicitor, professional accountant or other professional adviser. If you have sold or transferred all your shares in Henderson China Holdings Limited, you should at once hand this document and the accompanying forms of proxy to the purchaser or transferee or to the bank, licensed securities dealer or other agent through whom the sale or transfer was effected for transmission to the purchaser or transferee. The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this document, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this document. * (Stock Code: 0246) PROPOSED PRIVATISATION BY BY WAY OF A SCHEME OF ARRANGEMENT (UNDER SECTION 99 OF THE COMPANIES ACT 1981 OF BERMUDA) INVOLVING THE CANCELLATION OF ALL THE ISSUED SHARES OF HK$1.00 EACH IN HENDERSON CHINA HOLDINGS LIMITED HELD BY THE SCHEME SHAREHOLDERS (AS DEFINED HEREIN) Financial Adviser to Henderson Land Development Company Limited Sch I Para 1 Independent financial adviser to the Independent Board Committee (as defined herein) of Henderson China Holdings Limited A letter from the board of directors of Henderson China Holdings Limited is set out on pages 8 to 17 of this document. An explanatory statement regarding the Proposal (as defined herein) is set out on pages 46 to 63 of this document.
    [Show full text]
  • ANNUAL REPORT ADDITIONAL INFORMATION All Figures in This Document Are Expressed in Canadian Dollars, Unless Otherwise Indicated
    2009 ANNUAL REPORT ADDITIONAL INFORMATION All figures in this document are expressed in Canadian dollars, unless otherwise indicated. This publication, as well as the 2009 Annual Report, are available at www.lacaisse.com. Information: 514 842-3261 [email protected] Ce document, de même que le Rapport annuel 2009, sont disponibles en français sur www.lacaisse.com. Legal Deposit – Bibliothèque et Archives nationales du Québec, 2010 50% Annual Report 2009 – Additional Information I. Tables of returns 1. Auditors’ Report ................................................................................................. 1 2. General Notes .................................................................................................... 2 3. Short Term Investments ....................................................................................... 4 4. Real Return Bonds ............................................................................................... 6 5. Long Term Bonds ................................................................................................. 8 6. Bonds .............................................................................................................. 10 7. Bonds - Fixed Income .......................................................................................... 12 8. Canadian Equity ................................................................................................ 14 9. Publicly Traded Canadian Equity Markets .............................................................
    [Show full text]
  • For Personal Use Only Use Personal For
    13 November 2014 Norton Rose Fulbright Australia ABN 32 720 868 049 Level 15, RACV Tower 485 Bourke Street MELBOURNE VIC 3000 AUSTRALIA Tel +61 3 8686 6000 Company Announcements Fax +61 3 8686 6505 Australian Securities Exchange GPO Box 4592, Melbourne VIC 3001 Level 2 120 King Street DX 445 Melbourne MELBOURNE VIC 3000 nortonrosefulbright.com Direct line +61 3 8686 6710 Email [email protected] Our reference: 2813782 Dear Sir/Madam Takeover bid by Transcendent Resources Limited for Roc Oil Company Limited (ROC) – interests of substantial holder We act for Transcendent Resources Limited ( Fosun ) and its associated companies and controllers, which includes Fosun International Limited ( Fosun Parties ) in relation to Fosun’s off-market takeover bid for all of the ordinary shares in Roc Oil Company Limited ( ROC ). On behalf of the Fosun Parties and in accordance with section 671B of the Corporations Act 2001 (Cth), we enclose a notice of change of interests of substantial holder in respect of ROC ( Form 604 ). This notice will be provided to ROC today. Yours faithfully James Stewart Partner Norton Rose Fulbright Australia Encl. For personal use only APAC-#24924633-v1 Norton Rose Fulbright Australia is a law firm as defined in the Legal Profession Acts of the Australian states and territory in which it practises. Norton Rose Fulbright Australia, Norton Rose Fulbright LLP, Norton Rose Fulbright Canada LLP, Norton Rose Fulbright South Africa (incorporated as Deneys Reitz Inc) and Fulbright & Jaworski LLP, each of which is a separate legal entity, are members of Norton Rose Fulbright Verein, a Swiss Verein.
    [Show full text]
  • PLACING (Last Updated on 22 June 2007)
    STATISTICS PLACING (Last updated on 22 June 2007) Announcement date Name of issuer Stock Code Particulars No. of shares placed Placing price Gross Funds raised (HK$) 5-Jan-04 Vitop Bioenergy Holdings Limited 1178 Placing 7,752,000 0.31 2,403,120 6-Jan-04 Aluminum Corporation of China Limited 2600 Placing 549,976,000 5.658 3,111,764,208 7-Jan-04 Perfectech International Holdings Limited 765 Top-up placing 21,000,000 0.68 14,280,000 8-Jan-04 China Eagle Group Company Limited 493 Top-up placing 473,000,000 0.12 56,760,000 9-Jan-04 Medtech Group Company Limited 1031 Placing 5,000,000,000 0.01 50,000,000 12-Jan-04 Tongda Group Holdings Limited 698 Top-up placing 227,500,000 0.2 45,500,000 13-Jan-04 Kowloon Development Company Limited 34 Top-up placing 83,000,000 6.85 568,550,000 13-Jan-04 Millennium Sense Holdings Ltd 724 Top-up placing 30,000,000 0.63 18,900,000 13-Jan-04 Shanghai Ming Yuan Holdings Limited 233 Top-up placing 100,000,000 0.55 55,000,000 13-Jan-04 Starbow Holdings Limited 397 Placing 2,000,000,000 0.01 20,000,000 13-Jan-04 Titan (Holdings) Limited 1192 Top-up placing 450,000,000 0.92 414,000,000 15-Jan-04 Chaoda Modern Agriculture (Holdings) Limited 682 Top-up placing 280,000,000 2.5 683,000,000 15-Jan-04 Capital Prosper Limited 1003 Top-up placing 140,000,000 0.05 68,000,000 15-Jan-04 Paliburg Holdings Limited 617 Top-up placing 180,000,000 0.128 22,500,000 15-Jan-04 Asia Aluminum Holdings Limited 930 Top-up placing 332,000,000 1.56 517,920,000 15-Jan-04 Silver Grant International Industries Limited 171 Top-up placing 165,000,000
    [Show full text]
  • 1 1 China Petroleum & Chemical Corporation 1913182 70713
    2011 Ranking 2010 Company Name Revenue (RMB, million) Net profit (RMB Million) Rankings (x,000,000) (x,000,000) 1 1 China Petroleum & Chemical Corporation 1913182 70713 2 2 China National Petroleum Corporation 1465415 139871 3 3 China Mobile Limited 485231 119640 China Mobile Revenue: 485,231,000,000 4 5 China Railway Group Limited 473663 7488 5 4 China Railway Construction Corporation Limited 470159 4246 6 6 China Life Insurance Co., Ltd. 388791 33626 7 7 Bank of China Ltd 380821 165156 8 9 China Construction Company Limited 370418 9237 9 8 China Construction Bank Corporation 323489 134844 10 17 Shanghai Automotive Group Co., Ltd. 313376 13698 11 . Agricultural Bank of China Co., Ltd. 290418 94873 12 10 China Bank 276817 104418 China Communications Construction Company 13 11 Limited 272734 9863 14 12 China Telecom Corporation Limited 219864 15759 China Telecom 15 13 China Metallurgical Co., Ltd. 206792 5321 16 15 Baoshan Iron & Steel Co., Ltd. 202413 12889 17 16 China Ping An Insurance (Group) Co., Ltd. 189439 17311 18 21 China National Offshore Oil Company Limited 183053 54410 19 14 China Unicom Co., Ltd. 176168 1228 China Unicom 20 19 China PICC 154307 5212 21 18 China Shenhua Energy Company Limited 152063 37187 22 20 Lenovo Group Limited 143252 1665 Lenovo 23 22 China Pacific Insurance (Group) Co., Ltd. 141662 8557 24 23 Minmetals Development Co., Ltd. 131466 385 25 24 Dongfeng Motor Group Co., Ltd. 122395 10981 26 29 Aluminum Corporation of China 120995 778 27 25 Hebei Iron and Steel Co., Ltd. 116919 1411 28 68 Great Wall Technology Co., Ltd.
    [Show full text]
  • U ACCESS Variable Capital Investment Company Luxembourg
    Semi-annual report, including Unaudited Financial Statements as at 30th June 2019 U ACCESS Variable Capital Investment Company Luxembourg R.C.S. Luxembourg B 189 490 No subscription can be received on the basis of these financial statements. Subscriptions are only valid if made on the basis of the current prospectus and the Key Investor Information Documents (KIIDs) supplemented by the subscription form, the latest annual report including audited financial statements and the most recent semi-annual report including unaudited financial statements, if published thereafter. U ACCESS Contents Organisation ..................................................................................................................................................... 4 Combined statement of net assets ................................................................................................................... 8 Combined statement of operations and other changes in net assets ............................................................... 9 U ACCESS - BEST SELECTION CHINA A .................................................................................................... 10 U ACCESS - DYNAMIC CHINA (launched as at 9th April 2019)..................................................................... 19 U ACCESS - GLOBAL CREDIT 2020............................................................................................................. 27 U ACCESS - GLOBAL CREDIT 2021............................................................................................................
    [Show full text]
  • Evergrande Real Estate Group (3333.HK) Scalability Potential Not
    October 9, 2009 Evergrande Real Estate Group Limited March 1, 2010 ACTION Buy Evergrande Real Estate Group (3333.HK) Return Potential: 29% Scalability potential not priced in; initiate with a Buy rating Source of opportunity Investment Profile We believe that Evergrande’s current valuation does not price in the scalability Low High potential of the company on the back of its: (1) strong balance sheet with optimal Growth Growth Returns * Returns * debt structure post its recent IPO and overseas note issuance; (2) attractive land Multiple Multiple bank portfolio located in 17 key municipalities and provincial capitals throughout Volatility Volatility China, with an average land cost of only 9% of 2009 ASP; (3) a standardized Percentile 20th 40th 60th 80th 100th Evergrande Real Estate Group (3333.HK) operation and product line that helps reduce execution risks during times of rapid Asia Pacific Property Peer Group Average scale expansion; and (4) a seasoned management team that is highly motivated * Returns = Return on Capital For a complete description of the investment profile measures please refer to to achieve its growth targets. We initiate coverage on Evergrande with a Buy the disclosure section of this document. rating and a 12-month NAV-based TP of HK$4.15. Catalyst Key data Current Price (HK$) 3.21 (1) We expect stronger-than-peers property sales performance to be achieved by 12 month price target (HK$) 4.15 Market cap (HK$ mn / US$ mn) 48,150.0 / 6,202.2 Evergrande through: (a) providing affordable, quality-competitive, mid-end Foreign ownership (%) -- properties to capitalize on the fast growing housing upgrade needs of less developed provincial capitals in China, and (b) setting asset turnover rather than 12/08 12/09E 12/10E 12/11E EPS (Rmb) 0.21 0.07 0.52 0.59 margin expansion as the business objective in a policy tightening environment, EPS growth (%) (53.9) (65.8) 630.7 13.9 which we think is practical.
    [Show full text]
  • CITIGROUP GLOBAL MARKETS HOLDINGS INC. (The Issuer)
    Dated as of 2 December 2014 - NOTICE - CITIGROUP GLOBAL MARKETS HOLDINGS INC. (the Issuer) Relating to certain issues of Participation Certificates issued under the Warrant Programme The Participation Certificates listed below (the Certificates) are issued under the Warrant Programme of Citigroup Global Markets Holdings Inc. and are issued pursuant to a Master Warrant Agreement dated 25 February 2003 (as supplemented and/or amended and/or replaced from time to time) among the Issuer, Citigroup Global Markets Deutschland AG & Co. KGaA as Principal Warrant Agent and New York Warrant Agent (formerly Citibank AG) and the other parties named therein. Notice is hereby given to the holders of the Certificates that with effect on and from 2 December 2014, the Exercise Period in respect of each issue of Certificates has been extended to (and including) 15 January 2016 (the Extended Exercise Period). Holders of the Certificates should note that Automatic Exercise of the Certificates will consequently not occur on the last Business Day of the Exercise Period (as extended by a notice dated 20 November 2010 or 15 November 2013, as the case may be, and specified below) (the Second Expiration Date) but will instead only occur on the last Business Day of the Extended Exercise Period. Terms used in this notice shall be as defined in the Conditions of the relevant Certificates. This modification to the Conditions of the Certificates is made pursuant to Condition 9 (D) of the Certificates. Second Expiration Name ISIN Date Underlying Name CGMHI-CPC KERUI
    [Show full text]
  • M/A Hot Cover.Layout
    OUR ANNUAL TOP 50 REPORT THE MAGAZINE FOR HOTEL EXECUTIVES // JULY/AUGUST 2012 $20 PEAK 0 7 4 3 6 0 0 4 PERFORMERS # Canada’s top three hotel chains lead a parade of achievers T N E M E E R G A S E L A S T C U + D O R P L I HOTEL RESTOS • SAFETY & SECURITY • WIRELESS A M N O I T A C I L B U P N A I D A N A C hoteliermagazine.com P O F C N Eff. Res (PPI) P S 2 P 6.0.6 R P O A C Volume 24, Number 5 // July/August 2012 Cont ents Features 12 STANDING PROUD After a sloW start, the industrY’s Top 50 enjoYed a solid 2011 By Laura Pratt Scan to view our website 30 THE NEW NORMAL It’s out With the dull hotel restaurants and in With chef-driVen dining destinations By Adrian Bell 38 CHIC MAGNET Hotelier magaZine surVeYed hotels and suppliers to learn about the bedding, linen and draperY trends driVing guestroom design By Jackie Sloat-Spencer 45 SAFE HAVENS High securitY means loW anXietY for Canadian hoteliers By Denise Deveau 48 WI-FI OR DIE Hoteliers charging guests for Internet access could Departments be dead in the Water By Larry Mogelonsky 2 EDITOR’S PAGE 3 CHECKING IN 52 HOTELIER: AndreW Torriani, ON THE COVER: The RitZ-Carlton, Montreal Westmont HospitalitY’s KennY Gibson ( left) , Four Season’s Katie TaYlor (centre) and Fairmont Hotel’s Michael Glennie ( right) Illustrated bY Adrian Lubbers hoteliermagazine.com JULY/AUGUST 2012 HOTELIER 1 EDITOR’S PAGE ALL ABOUT RATES peak to anY hotelier and the issue that consistentlY surfaces is the challenge of SmoVing rates to the leVel theY need to be.
    [Show full text]
  • July 4-8: Strong Market After the Long Awaited Rate Hike
    July 9, 2011 China China Weekly Kickstart Portfolio Strategy Research July 4-8: Strong market after the long awaited rate hike China equity markets rallied, with MXCN +2.1% (MXAPJ +1.8%) and CSI300 +1.9% . Vice Premier Wang Qishan said the govt needs to help SMEs tackle financing difficulties, which further raised expectations on possible loosening in 2H2011 (although we believe a quota allocation change is more likely than a total quota increase). PBOC hiked interest rates mid week, which was long expected and should be the last this year. Upbeat global trends (Greece etc) also contributed to the strong market. We expect 2Q GDP growth of 9.4% yoy (8.0% qoq sa ann), with June CPI rising to 6.4% from 5.5% in May; July may remain elevated or possibly even higher. This week’s performance summary Key ideas from GS China Research Sectoral performance diverged between onshore We remain upbeat and expect performance to Helen Zhu +852-2978-0048 [email protected] and offshore this week. Cyclicals generally year-end to be driven largely by earnings growth Goldman Sachs (Asia) L.L.C. outperformed offshore in the rally. Building (some slight multiple expansion is possible by late materials and property topped the performance in the year). However, market expectations on Hanfeng Wang, Ph.D, CFA table on a possible switch in policy stance but loosening have risen significantly, so more +86(10)6627-3318 [email protected] Beijing Gao Hua Securities Company Limited underperformed onshore. Autos performed well volatility near-term is possible as the inflation data given newsflow (Xinhua News) on possible may remain concerning for June/July and we Timothy Moe, CFA supportive policies emerging.
    [Show full text]
  • Harvest Funds (Hong Kong) Etf (An Umbrella Unit Trust Established in Hong Kong)
    HARVEST FUNDS (HONG KONG) ETF (AN UMBRELLA UNIT TRUST ESTABLISHED IN HONG KONG) HARVEST MSCI CHINA A INDEX ETF (A SUB-FUND OF THE HARVEST FUNDS (HONG KONG) ETF) SEMI-ANNUAL REPORT 1ST JANUARY 2016 TO 30TH JUNE 2016 www.harvestglobal.com.hk HARVEST MSCI CHINA A INDEX ETF (A SUB-FUND OF THE HARVEST FUNDS (HONG KONG) ETF) CONTENTS PAGE Report of the Manager to the Unitholders 1 - 2 Statement of Financial Position (Unaudited) 3 Statement of Comprehensive Income (Unaudited) 4 Statement of Changes in Net Assets Attributable to Unitholders (Unaudited) 5 Statement of Cash Flows (Unaudited) 6 Investment Portfolio (Unaudited) 7 – 29 Statement of Movements in Investment Portfolio (Unaudited) 30 – 75 Performance Record (Unaudited) 76 Underlying Index Constituent Stocks Disclosure (Unaudited) 77 Report on Investment Overweight (Unaudited) 78 Management and Administration 79 - 81 RESTRICTED HARVEST MSCI CHINA A INDEX ETF (A SUB-FUND OF THE HARVEST FUNDS (HONG KONG) ETF) REPORT OF THE MANAGER TO THE UNITHOLDERS Fund Performance A summary of the performance of the Sub-Fund1 is given below (as at 30 June 2016): Harvest MSCI China A Index ETF 1H-2016 (without dividend reinvested) MSCI China A Index2 -17.61% Harvest MSCI China A Index ETF NAV-to-NAV3 (RMB Counter) -17.60% Harvest MSCI China A Index ETF Market-to-Market4 (RMB Counter) -19.54% Harvest MSCI China A Index ETF NAV-to-NAV3 (HKD Counter) -18.51% Harvest MSCI China A Index ETF Market-to-Market4 (HKD Counter) -20.82% Source: Harvest Global Investments Limited, Bloomberg. 1 Past performance figures shown are not indicative of the future performance of the Sub-Fund.
    [Show full text]