Select Delegate List BFA Annual Conference 2018
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MFS® Emerging Markets Equity Fund (Class R6 Shares) Second Quarter 2021 Investment Report
MFS® Emerging Markets Equity Fund (Class R6 Shares) Second quarter 2021 investment report Current portfolio manager Robert Lau will relinquish his portfolio management responsibilities on the portfolio, effective August 1, 2021. NOT FDIC INSURED MAY LOSE VALUE NOT A DEPOSIT Before investing, consider the fund's investment objectives, risks, charges, and expenses. For a prospectus, or summary prospectus, containing this and other information, contact MFS or view online at mfs.com. Please read it carefully. ©2021 MFS Fund Distributors, Inc., 111 Huntington Avenue, Boston, MA 02199. FOR DEALER AND INSTITUTIONAL USE ONLY. Not to be shown, quoted, or distributed to the public. PRPEQ-FEM-30-Jun-21 34135 Table of Contents Contents Page Fund Risks 1 Disciplined Investment Approach 2 Market Overview 3 Executive Summary 4 Performance 5 Attribution 6 Significant Transactions 10 Portfolio Positioning 11 Characteristics 14 Portfolio Outlook 15 Portfolio Holdings 18 Additional Disclosures 20 Country and region information contained in this report is based upon MFS classification methodology which may differ from the methodology used by individual benchmark providers. Performance and attribution results are for the fund or share class depicted and do not reflect the impact of your contributions and withdrawals. Your personal performance results may differ. Portfolio characteristics are based on equivalent exposure, which measures how a portfolio's value would change due to price changes in an asset held either directly or, in the case of a derivative contract, indirectly. The market value of the holding may differ. 0 FOR DEALER AND INSTITUTIONAL USE ONLY. - MFS Emerging Markets Equity Fund PRPEQ-FEM-30-Jun-21 Fund Risks The fund may not achieve its objective and/or you could lose money on your investment in the fund. -
The Stock Exchange of Hong Kong Limited
NEWS RELEASE 19 November 2014 Market Highlights of Shanghai-Hong Kong Stock Connect Hong Kong Exchanges and Clearing Limited today (Wednesday) issued the following market statistics in response to media enquiries: Northbound Trading Southbound Trading Daily quota balance RMB 10,388 mil (20.1% used) RMB 10,247 mil (2.4% used) Turnover RMB 2,842 mil* HKD 496 mil** No. of orders 92,471 8,936 No. of trades 90,790 12,822 * 6.1 per cent of Northbound turnover was from Sell Trades. ** 23.2 per cent of Southbound turnover was from Sell Trades. Northbound Trading (Top 10 most actively traded stocks) Rank Stock Stock Name Buy Trade Sell Trade Turnover (RMB) Code Value (RMB) Value (RMB) (Buy trade + Sell trade) 1 601006 DAQIN RAILWAY 309,588,606 21,584,482 331,173,087 2 601318 PING AN INSURANCE 249,481,290 29,915 249,511,205 3 600104 SAIC MOTOR 211,237,657 13,070,264 224,307,921 4 601601 CHINA PACIFIC 219,301,725 22,121 219,323,846 INSURANCE 5 601398 INDUSTRIAL AND 154,570,452 11,252,004 165,822,456 COMMERCIAL BANK OF CHINA 6 600435 NORTH NAVIGATION 121,818,828 - 121,818,828 CONTROL TECHNOLOGY 7 600009 SHANGHAI 85,187,201 - 85,187,201 INTERNATIONAL AIRPORT 8 601939 CHINA 74,571,541 4,619 74,576,160 CONSTRUCTION BANK 9 600036 CHINA MERCHANTS 74,047,266 212,300 74,259,566 BANK 10 600519 KWEICHOW MOUTAI 68,888,157 5,043,004 73,931,161 …/2 香港中環港景街一號國際金融中心一期 12 樓 12/F, One International Finance Centre, 1 Harbour View Street, Central, Hong Kong 電話 Tel: + 852 2522 1122 傳真 Fax: +852 2295 3106 網址 Website: www.hkex.com.hk 電郵 E-mail: [email protected] - 2 - Southbound Trading (Top 10 most actively traded stocks via Special Participant) Rank Stock Stock Name Buy Trade Sell Trade Turnover (HKD) Code Value (HKD) Value (HKD) (Buy trade + Sell trade) 1 3998 BOSIDENG 8,017,260 12,925,420 20,942,680 INTERNATIONAL HOLDINGS LTD. -
Chinese Liquor Making a Name on World Stage
12 | Tuesday, July 7, 2020 CHINA DAILY From left: A worker inspects Moutai liquor labels. Rows of Moutai liquor are sealed on the production line. Staff members package Moutai bottles. PHOTOS PROVIDED TO CHINA DAILY Chinese liquor making a name on world stage Brand index reports “Moutai believes that only if it stratospheric rise of produces the best liquor in the world can it lay the firmest founda Moutai as company’s tion for its brand value growth.” commitment to high The enormous Chinese market provides the strongest support for quality strengthened Moutai’s growth, he stressed. “Chi na’s reform and openingup and eco By YUAN SHENGGAO nomic rise over the past four decades have nurtured a large mar hinese distiller Moutai is ket with more than 1.3 billion peo the world’s fastest growing ple, where if your product is popular brand, according to the top and well recognized, you will cer 100 global brands list. It tainly gain huge space for growth. Crose 17 places from 2019 to become “In this regard, Moutai is fortu the 18th most valuable brand in the nate to have grown in one of the world. most dynamic markets and an open The rankings of the 2020 BrandZ and inclusive economic environ Top 100 Most Valuable Global ment. The former gives us the Brands were released by communi strength to grow, while the latter cation services group WPP and con provides us with the opportunity to sulting company Kantar at the end learn from outstanding peers such of June. as CocaCola and Diageo.” Seventeen Chinese brands made Li said: “Cultural consensus and the 2020 BrandZ top 100. -
Infection Total Surges Within Expectations
Wilting revenues Japan to let Flower industry faces big losses elderly leave Tribute to donors with Feb 14 sales peak stymied virus-hit vessel National Art Museum dedicates LIFE, PAGE 17 BUSINESS, PAGE 14 WORLD, PAGE 12 exhibit to donated works CHINADAILY FRIDAY, February 14, 2020 www.chinadailyhk.com HK $10 Joining the battle Xi: Nation Infection total can limit surges within impact of epidemic expectations By MO JINGXI [email protected] Large rise in province’s cases due to China can minimize the impact of the novel coronavirus pneumonia revised diagnosis criterion, experts say epidemic, maintain the country’s momentum of economic develop- By ZHANG ZHIHAO for the National Health Commis- ment and work to achieve the goals [email protected] sion, on Thursday. and tasks for this year, President Xi As of the end of Wednesday, Jinping said on Thursday evening. The sudden spike in newly con- there were 52,526 confirmed cases He made the remark in a phone firmed cases of novel coronavirus on the Chinese mainland, he said. conversation with Malaysian Prime pneumonia in Hubei province on The sudden increase is due to a Minister Mahathir Mohamad, Wednesday is due to a revised revised diagnostic criterion, accord- whom Xi described as an “old friend diagnosis criterion, and experts ing to the Hubei health authorities. Medical personnel from the People’s Liberation Army get off a military transport aircraft at Wuhan of the Chinese people”. said the change, which is within On Feb 3, the National Health Tianhe International Airport in Hubei province on Thursday, marking the first civilian-related Mahathir’s phone call at such a expectations, can enable more Commission released the fifth edi- mission carried out by the PLA’s Y20 transport aircraft. -
Kweichow Moutai Growth Declines on Slow Deliveries
CHINA DAILY Tuesday, October 30, 2018 BUSINESS 17 Kweichow Moutai growth Execs optimistic on import expo By WANG YING in Shanghai products, their know-how, “Shanghai has become a [email protected] and how interesting they are vital center for advanced as a company,” said Brian technology leadership — for Top multinational corpora- Duperreault, president, CEO ABB and the world ... We will tions’ executives have and director of finance cor- make full use of the city’s declines on slow deliveries expressed their enthusiasm poration American Interna- existing advantages and for the first China Internation- tional Group Inc. make clear the main challen- al Import Expo set to launch According to Severin ges facing Shanghai, focus Share price of on Nov 5, as part of the nation’s Schwan, CEO of Roche Group, support policies on measures efforts to expand opening-up. the pharmaceuticals giant that can address the challen- liquor maker slips While attending the 30th will showcase its cutting-edge ges, and develop specific but consumption International Business Lead- technology at the import plans and solutions,” Spies- ers’ Advisory Council, held expo, covering early research shofer said, explaining the upgrades to buoy annually in Shanghai, busi- and development, integrated company’s rationale. ness leaders said they are diagnosis and treatment solu- “We are not only seeing future prospects optimistic about China’s tions, and personalised progress in Shanghai’s reform opening-up policy and new healthcare offerings. and opening-up, but we at By ZHU WENQIAN in Beijing opportunities. Roche are taking an active role and YANG JUN in Guiyang “The import expo is in the development of China’s unprecedented in China for biomedical industry. -
Premium China Funds Management
Premium China Fund Top 10 Portfolio Holdings as at 31 January 2021 Tencent (Media & Entertainment) Market Cap: USD 843.3 Billion • Tencent, a world leader in the internet-related services space, provides services across instant messaging, social media, email, web-portals, e-commerce, advertising, online payment as well as multiplayer games. • With offerings including QQ Instant Messenger and WeChat, Tencent is providing similar services to the likes of Facebook, Twitter and WhatsApp. By the end of Q2 2018, QQ had 803 million monthly active user accounts, whilst WeChat, since its launch in 2011, accommodates for over 1 Billion monthly active users. • In November 2017, Tencent's market value reached US$528 billion, surpassing Facebook’s market value at the time, which resulted in it being recognised as one of the world's top 5 most valuable public companies. Meituan Dianping (Retailing) Market Cap: USD 270.1 Billion • Meituan Dianping is China’s leading e-commerce platform service, operating well-known apps such as Meituan, Dianping, Meituan Waimai and Mobike. • With services across 200 categories, Meituan’s businesses encompass catering, on-demand delivery, car hailing, bike sharing, hotel and travel bookings, movie ticketing and others enter- tainment services. • The company’s services spread across 2,800 cities and counties, reaching total revenue streams of RMB 515.6 billion in 2018. Pinduoduo (Retailing) Market Cap: USD 203.9 Billion • Pinduoduo was founded in September 2015 as a “new e-commerce” platform dedicated to providing value-for-money products and interesting interactive shopping experiences for its users. • After three years of establishment, the platform has gathered 41.85 billion annual active buyers and more than 360 million active merchants. -
UNMASKING CORONAVIRUS the Virus Spread to 27 Countries in Just 31 Days
16-29 FEBRUARY, 2020 DownToEarthSCIENCEFORTNIGHTLY AND ENVIRONMENTON POLITICS OF FORTNIGHTLY DEVELOPMENT, ENVIRONMENT AND HEALTH Subscriber copy, not for resale `60.00 + Budget 2020 has all the ingredients for aggravating farm distress P14 Trump’s visit to India could impede access to affordable healthcare P58 CSR SPECIAL P24 UNMASKING CORONAVIRUS The virus spread to 27 countries in just 31 days. Is the world prepared for a pandemic? 01Cover.indd 1 11/02/20 12:54 PM COVER STORY/CORONAVIRUS CORONAVIRUS PANICMore than a month after the first case was reported from China, there is little the world knows about the new coronavirus. The strain remains a mystery, its symptoms deceptively similar to common cold and there are no curative or preventive vaccine or medicine. What's certain is that the virus is highly contagious. In just 45 days, it has killed over 1,000 people in China and infected more than 40,000 in 27 countries. Worryingly, we have not yet seen the peak of the spread. Is the world ready to face a pandemic? A report by Banjot Kaur and Alok Gupta 30 DOWN TO EARTH 16-29 FEBRUARY 2020 DOWNTOEARTH.ORG.IN 30-35Cover story_coronavirus.indd 30 12/02/20 2:09 PM People queue up to buy masks in PANIC Hong Kong DOWNTOEARTH.ORG.IN 16-29 FEBRUARY 2020 DOWN TO EARTH 31 PHOTOGRAPH: REUTERS 30-35Cover story_coronavirus.indd 31 12/02/20 2:09 PM COVER STORY/CORONAVIRUS HE LUNAR New Year break has been uncomfortably long and quiet Tfor almost 50 million people in China. Since January 23, the authorities have locked down some 13 cities, including Wuhan in the province of Hubei, which is the epicentre of the deadly coronavirus outbreak. -
2019Semi-Annual Report
CHINA CONVERGENCE FUND A Sub-fund of Value Partners Intelligent Funds SEMI-ANNUAL 2019 REPORT For the six months ended 30 June 2019 Value Partners Limited 43rd Floor, The Center 99 Queen’s Road Central, Hong Kong Tel: (852) 2880 9263 Fax: (852) 2565 7975 Email: [email protected] Website: www.valuepartner-group.com In the event of inconsistency, the English text of this Semi-Annual Report shall prevail over the Chinese text. This report shall not constitute an offer to sell or a solicitation of an offer to buy shares in any of the funds. Subscriptions are to be made only on the basis of the information contained in the explanatory memorandum, as supplemented by the latest semi-annual and annual reports. CHINA CONVERGENCE FUND A Sub-fund of Value Partners Intelligent Funds (A Cayman Islands unit trust) CONTENTS Pages General information 2-3 Manager’s report 4-8 Statement of fnancial position (unaudited) 9 Investment portfolio (unaudited) 10-13 Statement of movements in portfolio holdings (unaudited) 14-15 SEMI-ANNUAL REPORT 2019 For the six months ended 30 June 2019 1 CHINA CONVERGENCE FUND A Sub-fund of Value Partners Intelligent Funds (A Cayman Islands unit trust) GENERAL INFORMATION Manager Legal Advisors Value Partners Limited With respect to Cayman Islands law: 43rd Floor, The Center Maples and Calder 99 Queen’s Road Central P.O. Box 309, Ugland House Hong Kong Grand Cayman, KY1-1104 Cayman Islands Directors of the Manager Dato’ Seri Cheah Cheng Hye With respect to Hong Kong law: Mr. So Chun Ki Louis Deacons Mr. -
Fund Factsheet
Performance Record as at 30 August 2021* Performance Table as at 30 August 2021* Feeder (Wholesale) Since 200 Growth 1 Month 1 Year 3 Year Inception Fund (USD) -5.4 -10.9 - 36.5 180 UBS Asset Management (Hong Kong) Benchmark (USD) 1.1 12.6 - 79.5 Fund (MYR) -6.8 -11.1 - 38.0 Limited 160 Fund (MYR-Hedged) -5.2 -10.5 - 37.9 UBS (Lux) Investment SICAV - China A 140 Fund (SGD-Hedged) -5.3 -11.5 - 32.0 Opportunity Fund (AUD-Hedged) -5.4 -11.9 - 31.0 120 MSCI China A Onshore Indexed Performance (%) Since 100 1 Year 3 Year 5 Year Inception USD 90 Fund (USD) -10.9 - - 12.8 Jan 19 Aug 19 Feb 20 Aug 20 Feb 21 Aug 21 Benchmark (USD) 12.6 - - 25.4 Fund (MYR) -11.1 - - 13.3 08 January, 2019 / USD0.50(USD) CAOFUSD Benchmark 08 January, 2019 / MYR0.50(MYR) Fund (MYR-Hedged) -10.5 - - 13.2 08 January, 2019 / MYR0.50(MYR-Hedged) January, 2019 to August, 2021 NAV-NAV prices and assuming reinvestment of Fund (SGD-Hedged) -11.5 - - 11.3 distributions into the Fund, gross investment based in USD. The value of Units may go 08 January, 2019 / SGD0.50(SGD-Hedged) down as well as up. Past performance is not indicative of future performance. Fund (AUD-Hedged) -11.9 - - 11.0 08 January, 2019 / AUD0.50(AUD-Hedged) Source: Lipper Year To Date 2020 2019 2018 31 May Fund (USD) -21.1 34.8 - - Benchmark (USD) 0.6 40.0 - - Cash Fund (MYR) -18.5 32.5 - - Fund (MYR-Hedged) -20.7 34.3 -- Max 5.50% of the NAV per Unit Fund (SGD-Hedged) -21.4 32.9 -- Fund (AUD-Hedged) -21.6 31.8 -- Max 1.85% per annum Source: Lipper Target Fund Top Holdings as at 31 July 2021# Asset Allocation -
COVID-19 and China: a Chronology of Events (December 2019-January 2020)
COVID-19 and China: A Chronology of Events (December 2019-January 2020) Updated May 13, 2020 Congressional Research Service https://crsreports.congress.gov R46354 SUMMARY R46354 COVID-19 and China: A Chronology of Events May 13, 2020 (December 2019-January 2020) Susan V. Lawrence In Congress, multiple bills and resolutions have been introduced related to China’s Specialist in Asian Affairs handling of a novel coronavirus outbreak in Wuhan, China, that expanded to become the coronavirus disease 2019 (COVID-19) global pandemic. This report provides a timeline of key developments in the early weeks of the pandemic, based on available public reporting. It also considers issues raised by the timeline, including the timeliness of China’s information sharing with the World Health Organization (WHO), gaps in early information China shared with the world, and episodes in which Chinese authorities sought to discipline those who publicly shared information about aspects of the epidemic. Prior to January 20, 2020—the day Chinese authorities acknowledged person-to-person transmission of the novel coronavirus—the public record provides little indication that China’s top leaders saw containment of the epidemic as a high priority. Thereafter, however, Chinese authorities appear to have taken aggressive measures to contain the virus. The Appendix includes a concise version of the timeline. A condensed version is below: Late December: Hospitals in Wuhan, China, identify cases of pneumonia of unknown origin. December 30: The Wuhan Municipal Health Commission issues “urgent notices” to city hospitals about cases of atypical pneumonia linked to the city’s Huanan Seafood Wholesale Market. The notices leak online. -
Research and Analysis Report of Kweichow Moutai Company
Academic Journal of Business & Management ISSN 2616-5902 Vol. 3, Issue 7: 1-5, DOI: 10.25236/AJBM.2021.030701 Research and Analysis Report of Kweichow Moutai Company Yinglin Qian School of Economics, Northwest University for Nationalities, Qujing, Yunnan 655000, China Abstract: Fiedler mentioned "does not exist a kind of is suitable for various situation of universal principles and methods of management, management can only act according to the circumstances of the specific", moutai company is the most influential brand in China and to achieve a monopoly in the competition and development, based on the fundamental analysis and technical analysis, maotai company for the industry analysis, company analysis and technical analysis, This paper probes into the development prospect of Maotai Company, obtains some problems existing in the development and puts forward corresponding investment suggestions for investors. Keywords: industry analysis, technical analysis, investment advice 1. Overview of Kweichow Moutai Company 1)Company business summary and analysis of capital ownership structure Since its establishment, the company has been engaged in a variety of businesses, including the production, sales and service of Maotai liquor, the production and sales of beverage, food and packaging materials, the development of anti-counterfeiting technology and the research and development of related products of the information industry. It belongs to the beverage manufacturing industry in the food and beverage industry, and is the typical representative of maotai-flavor liquor in China. It wants to have a famous reputation both at home and abroad, and it is the only liquor industry in China that has won the title of "green food" and "organic food". -
CS Consumer 50
31-August-2021 CSI Consumer 50 Index measures the performance of the champion companies within CS consumer staples and consumer discretionary ( Media and Automobiles & Components industry groups are excluded). The index contains companies selected based on size, Consumer 50 revenue, return on equity and gross margin, with the goal of covering the most established companies in specified markets. Name CSI Consumer 50 Index Ticker 931139 Launch 20-Mar-2019 Review Semiannually Constituents 50 RIC Ticker .CSI931139 Base Date 31-Dec-2004 Base Point 1000 Currency CNY BBG Ticker -- Performance 35500 30500 25500 20500 15500 10500 5500 2016 2017 2018 2019 2020 2021 Return 1M 3M YTD 1Y 3Y Annualized 5Y Annualized 2017 2018 2019 2020 -5.03% -27.61% -25.48% -13.01% 22.07% 21.18% 66.25% -22.27% 60.76% 63.47% Volatility Fundamental 1Y Annualized 28.27% P/E TTM 23.94 3Y Annualized 26.76% P/B 6.04 5Y Annualized 24.62% Yield 2.14% Market Cap (CNY Bn) Constituents Constituents Largest 1957.2 6635.6 Total Market Cap Constituents Smallest 6.2 Index Market Cap 2705.2 Constituents Average 132.7 31-August-2021 Exchange Breakdown Sector Breakdown 40.9% 48.4% Shanghai Consumer Disc. 51.6% Shenzhen Consumer Staples 59.1% Top 10 Constituents Ticker Name Sector Exchange Weight 600519 Kweichow Moutai Co Ltd Consumer Staples Shanghai 14.03% 000858 Wuliangye Yibin Co Ltd Consumer Staples Shenzhen 13.19% 000333 Midea Group CO., LTD Consumer Disc. Shenzhen 12.03% 601888 China Tourism Group Duty Free Corporation Limited Consumer Disc. Shanghai 8.24% 600887 Inner Mongolia Yili Industrial Group Co Ltd Consumer Staples Shanghai 7.65% 000651 Gree Electric Appliances,Inc.