1
2009
2009 12 31
2010 3 31 2
...................................................................................................................................2
.........................................................................................................................................2
...............................................................................................................................................4
.................................................................................................................................4
.................................................................................................................................4
.............................................................................................................5
.................................................................................................5
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...............................................................10
3
...........................................................................10
........................................................... 11
...........................................................12
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...........................................................................13
.........................................................................................................................................13
...............................................................................13
............13
..........13
.............................................................................................................................................14
.......................................................................................................................14
...................................................................................................................14
.....................................................................................................................................15
....................................................................................................................................15
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................46
...................46
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...................................................................................................................................52
4
377016
377016
2007 10 22
26,629,166,594
, MSCI AC Asia Pacific Index ex Japan 5
8621-38794999 010-66105799
peter.zhu@jpmf-siti
co.com
custody@icbc.com.cn
400-889-4888
021-38794888
95588
8621-68881170 010-66105798
99 20 55 99 20
55
200120 100140
JF Asset Management Limited
The Bank of New York Mellon
Company
JF
8 21
, 1
8 21
, 1
www.51fund.com 6
99 20
2009 2008 2007 10 22
2007 12
31
-785,172,105
-12,715,595,466 -572,608,829
6,295,386,031
-15,270,565,082 -3,111,162,856
0.2251
-0.5132 -0.1050
45.83%
-84.26% -11.35%
58.49% -57.21% -10.50%
2009 2008 2007
-10,457,482,594 -17,447,761,650 -583,223,757
-0.3927
-0.6165 -0.0194
16,171,684,000 10,852,049,689 26,957,773,082
0.607 0.383 0.895
2009 2008 2007
-39.30 -61.70% -10.50%
7
4.66% 1.25% 5.74% 1.18% -1.08% 0.07%
20.44% 1.38% 28.56% 1.29% -8.12% 0.09%
58.49% 1.76% 68.24% 1.73% -9.75% 0.03%
-39.30% 2.23% -32.08% 2.36% -7.22% -0.13%
MSCI AC Asia Pacific Index
ex Japan
2007 10 22 2009 12 31
(1) 2007 10 22 2007 10 22 2009 12
31
(2) 60%-100% 0%-40% 8
2007 10 22 2009 12 31
2007 10 22 2007 10 22 2009 12
31
2004 5 12
2007 10 8 “ ” 2.5 9
2009 12 2004 9 15 1,669,305,034.88 2005 4 13 991,360,522.73 2005 10 11 767,620,088.15 2006
04 26 6,435,738,977.50 2006 09 20 5,480,692,618.04 2007 04 13 9,884,799,607.98 2007 10 22 29,572,160,439.53 2008 5 21 1,423,318,139.20 2009 1 21 826,057,598.05 2009 6 24 1,801,237,418.78 A 423,047,194.30 B 1,378,190,224.48
2007-10-22 - 16
EMBA 1993 JF JF JF
2007 7
2008-3-8 -
5 16
10
2004 6 2007 10 2008 3
1.
2.
JF 15
JF 14
,
2009 11
2009 3 60%
( )
H
“ ” , , “ ” , ,
15
2009 12 31 0.607 58.49% 68.24%
12
2009 2008 2010
3
2009
2009 10 1% 2010
25%
1
2
3
4
5
,
13
2009 2009 2009
2009
14
(2010) 20261
( ) 2009 12 31 2009
( )
(1)
(2)
(3)
15
2009 12
31 2009
·
2010 3 30
2009 12 31
2009 12 31 2008 12 31 7.4.7.1 1,310,280,256 1,490,854,068
- -
- 55,886
7.4.7.2 14,795,112,018 9,361,136,257
14,494,002,054 9,361,136,257
301,109,964 -
- -
- -
7.4.7.3 - 19,427,152
7.4.7.4 - - 16
175,845,788 8,456,698
7.4.7.5 133,121 185,675
- 5,292,294
1,403,805 1,166,730
- -
7.4.7.6 3,376,717 43,043,427
16,286,151,705 10,929,618,187
2009 12 31 2008 12 31
- -
- -
- -
- -
5,025,139 -
40,738,989 13,352,400
24,528,493 17,250,028
4,769,429 3,354,172
- -
7.4.7.7 - -
-831,667 -
- -
- -
7.4.14(a) 36,351,492 -
7.4.7.8 3,885,830 43,611,898
114,467,705 77,568,498
7.4.7.9 26,629,166,594 28,299,811,339
7.4.7.10 -10,457,482,594 -17,447,761,650
16,171,684,000 10,852,049,689
16,286,151,705 10,929,618,187
2009 12 31 0.607 26,629,166,594
2009 1 1 2009 12 31
2009 1 1
2009 12 31 2008 1 1
2008 12 31 17
6,818,228,540 -14,771,704,339
1.
5,846,486 28,086,286
7.4.7.11 5,846,486 28,086,286
- -
- -
- -
- -
2. -
-255,630,862 -12,137,017,155
7.4.7.12
-533,028,902 -12,050,034,181
7.4.7.13 26,183,462 -247,972,929
7.4.7.14 - -
- -
7.4.7.15 4,649,039 -175,221,135
7.4.7.16 246,565,539 336,211,090
3. - 7.4.7.17 7,080,558,136 -2,554,969,616
4.
-14,071,879 -111,739,451
5. - 7.4.7.18 1,526,659 3,935,597
466,633,893 498,860,743
1
246,970,832 325,588,059
2
48,022,106 63,308,789
3
- -
4 7.4.7.19 170,985,269 107,920,427
5
- -
- -
6 7.4.7.20 655,686 2,043,468
-
6,351,594,647 -15,270,565,082
7.4.14(b) 56,208,616 -
-
6,295,386,031 -15,270,565,082
2009 1 1 2009 12 31
2009 1 1 2009 12 31 28,299,811,339 -17,447,761,650 10,852,049,689 18
- 6,295,386,031 6,295,386,031 -1,670,644,745 694,893,025 -975,751,720 2,343,092,161 -1,247,638,638 1,095,453,523 -4,013,736,906 1,942,531,663 -2,071,205,243 - - - 26,629,166,594 -10,457,482,594 16,171,684,000 2008 1 1 2008 12 31 30,129,865,000 -3,172,091,918 26,957,773,082 - -15,270,565,082 -15,270,565,082 -1,830,053,661 994,895,350 -835,158,311 3,155,196,708 -768,768,829 2,386,427,879 -4,985,250,369 1,763,664,179 -3,221,586,190 - - - 28,299,811,339 -17,447,761,650 10,852,049,689 7.1 7.4
( ) ( ) [2007] 274 29,568,958,774 19
(2007) 136 2007 10 22 29,572,160,440
3,201,666 ( ) JF
60%-100% 0%-40% ( )
2010 3 30
2006 2 15 38 ( ) [2010]5 XBRL 3 < > 2007 5 15 7.4.4
2009 2009
12 31 2009
1 1 12 31
20
(1)
(2)
(1)
(2)
21
(3)
/( )
22
( ) ( )
(1) (2) (3)
(a)
(b)
( )
23
?
?
2009 1 1
2009 6 11 3 2009 1 1
2008
[2002]128 [2004]78 [2008]1
(1)
(2)
(3)
2009 12 31 2008 12 31 941,557,456 1,490,854,068 24
368,722,800 -
1 368,722,800 -
1,310,280,256 1,490,854,068
1. 2009 12 31 346,968,973 ( 305,499,241 ) 832,988 ( 5,687,810 ) 307,461,608 ( 45,114,631 ) 33 ( 202 )
2008 12 31 429,680,214 ( 378,930,684
) 37,931,086 ( 259,243,799 ) 5,834,893 ( 27,679,445 ) 785 ( 3,741 )
2.
2009 12 31 12,558,469,155 14,494,002,054 1,935,532,899 - - - - - - - - - - - - 249,608,370 301,109,964 51,501,594 - - - 12,808,077,525 14,795,112,018 1,987,034,493 2008 12 31 14,474,087,052 9,361,136,257 -5,112,950,795 - - - - - - - - - - - - - - - - - - 14,474,087,052 9,361,136,257 -5,112,950,795 25
2009 12 31 - - - - - - - - - - - - - - - 2008 12 31 - - - - - - - 19,427,152 - - - - - 19,427,152 - 2009 12 31 2008 12 31 132,481 185,675
640 -
- -
- -
- -
- -
-
-
- -
133,121 185,675 26
2009 12 31 - -
- -
3,376,717 43,043,427
3,376,717 43,043,427
2009 12 31 2008 12 31 - -
34,557 33,161
480,000 180,000
3,371,273 43,398,737
3,885,830 43,611,898
2009 1 1 2009 12 31 28,299,811,339 28,299,811,339
2,343,092,161 2,343,092,161
-4,013,736,906 -4,013,736,906
26,629,166,594 26,629,166,594
-12,758,278,596 -4,689,483,054 -17,447,761,650
-785,172,105 7,080,558,136 6,295,386,031
871,366,113 -176,473,088 694,893,025
-1,259,002,412 11,363,774 -1,247,638,638
2,130,368,525 -187,836,862 1,942,531,663
- - - 27
-12,672,084,588 2,214,601,994 -10,457,482,594
2009 1 1
2009 12 31 2008 1 1
2008 12 31 5,824,164 10,920,893
18,858 17,040,065
- -
- -
3,464 125,328
5,846,486 28,086,286
2009 1 1
2009 12 31 2008 1 1
2008 12 31 30,159,987,929 21,764,796,540
30,693,016,831 33,814,830,721
-533,028,902 -12,050,034,181
2009 1 1
2009 12 31 2008 1 1
2008 12 31 204,580,033 1,242,418,536 178,396,571 1,490,391,465 26,183,462 -247,972,929
2009 1 1
2008 1 1
28
2009 12 31 2008 12 31
40,010,520 10,959,800
35,361,481 -
4,649,039 10,959,800
/ /
7.4.7.15.2 ——
2009 1 1
2009 12 31
2008 1 1
2008 12 31
--186,180,935
--
--186,180,935
2009 1 1
2009 12 31
2008 1 1
2008 12 31
241,987,284 336,211,090
4,578,255 -
246,565,539 336,211,090
2009 1 1
2009 12 31
2008 1 1
2008 12 31
1.
7,099,985,289 -2,574,396,768
—— 7,048,483,694-2,769,647,727
—— --
—— --
—— 51,501,594 195,250,959
2.
-19,427,152 19,427,152
—— -19,427,152 19,427,152
3.
--
7,080,558,136 -2,554,969,616
2009 1 1
2008 1 1
29
2009 12 31 2008 12 31
1,526,659 3,935,597
1,526,6593,935,597
25%
2009 1 1
2009 12 31
2008 1 1
2008 12 31
170,985,269 107,920,427
--
170,985,269107,920,427
2009 1 1
2009 12 31
2008 1 1
2008 12 31
180,000 180,000
300,000 320,000
150,965 1,535,923
24,721 7,545
655,6862,043,468
( )
( )
(The Bank of New
York Mellon Corporation )
( )
30
J.P. Morgan Investment Management Limited ( )
J.P. Morgan Asset Management
(London) Limited
( )
J.P. Morgan 8CS Investments (GP) Limited
(2009 10 27 J.P.Morgan Asset
Management Real Estate Advisers Limited)
( )
JF
JPMorgan Chase & Co.
JPMorgan Asset Management Holdings Inc.
JPMorgan Asset Management (Asia) Inc.
JPMorgan Funds (Asia) Limited
JFIM (Korea) Limited
2009 1 1
2009 12 31
2008 1 1
2008 12 31 246,970,832 325,588,059
31,987,814 42,084,357
1.8% ( ) ( )
X 1.8% /
2009 1 1
2008 1 1
31
2009 12 31 2008 12 31 48,022,106 63,308,789
0.35% ( ) ( )
X 0.35% /
2009 1 1
2009 12 31
2008 1 1
2008 12 31 2007 10 22 - -
12,674,095 -
- 12,674,095
- -
2,275,062 -
10,399,033 12,674,095
0.04% 0.04%
0.30%
2009 1 1
2009 12 31
2008 1 1
2008 12 31
585,345,973 5,543,039 825,084,600 10,042,996
724,934,283 299,983 665,769,468 17,932,626
32
33
2009 12 31 (2008 12 31 )
10% 10%
( )
34
2009 12 31
305,499,241 374,410,610 202 - - 45,114,631 - 725,024,684
6,272,811,395 585,961,676 2,175,076,254 1,100,808,413 1,618,295,869 1,380,838,235 1,661,320,176 14,795,112,018
160,194,523 15,651,265 - - - - - 175,845,788
- - - - 640
- - 3,376,717 - - - - 3,376,717
6,738,505,159 976,024,191 2,178,453,173 1,100,808,413 1,618,295,869 1,425,952,866 1,661,320,17615,699,359,847
- - 5,025,139 - - - - 5,025,139
----- - 831,667 - -831,667
----- 3 6 , 3 5 1 , 4 9 2- 3 6 , 3 5 1 , 4 9 2
- 3,371,273 - - - - - 3,371,273
- 3,371,273 5,025,139 - - 35,519,825 - 43,916,237
6,738,505,159 972,652,918 2,173,428,034 1,100,808,413 1,618,295,869 1,390,433,041 1,661,320,17615,655,443,610
2008 12 31
378,930,684 259,243,799 3,741 27,679,445 - - - 665,857,669
-5 5 , 8 8 6-----5 5 , 8 8 6
4,500,200,503 592,529,511 1,420,198,933 973,637,050 1,263,064,669 259,529,977 351,975,614 9,361,136,257
1,780,293 - - 17,646,859 - - - 19,427,152 35
-6,552,104 -17,849,708 24,382,882 - - - 8,475,628 8,456,698
- - - 2,704,068 - 2,588,226 - 5,292,294
- 33,508,833 9,534,594 ---- 4 3 , 0 4 3 , 4 2 7
4,874,359,376 867,488,321 1,454,120,150 1,021,667,422 1,263,064,669 262,118,203 360,451,242 10,103,269,383
- 9,481,260 33,917,477 ---- 4 3 , 3 9 8 , 7 3 7
- 9,481,260 33,917,477 ---- 4 3 , 3 9 8 , 7 3 7
4,874,359,376 858,007,061 1,420,202,673 1,021,667,422 1,263,064,669 262,118,203 360,451,242 10,059,870,646
2009 12 31
2008 12 31
1. 5% 78,277 50,299
2. 5% 78,277 50,299
,
60%-100% 0%-40% VaR(Value at Risk)
36
2009 12 31
2008 12 31
(%)
(%)
14,494,002,054 89.63 9,361,136,257 86.26
301,109,964 1.86 - -
-- 19,427,152 0.18
-- - -
14,795,112,01891.499,380,563,409 86.44
2009 12 31
2008 12 31
(%)
(%)
4,734,347,15029.283,610,348,616 33.27
2,175,076,25413.451,420,198,933 13.09
1,618,295,86910.011,263,064,669 11.64
1,538,464,2459.50930,497,537 8.56
1,485,575,6889.19518,256,624 4.78
1,100,808,4136.81998,025,496 9.20
2,142,544,39913.25640,171,534 5.90
14,795,112,01891.499,380,563,409 86.44
( 7.4.1)
( )
2009 12 31
2008 12 31 1. ( 7.4.1) 5% 70,277 41,274
2. ( 7.4.1) 5% 70,277 41,274
2009 12 31 37
(a)
2009 12 31 2008 12 31
36,351,492 235,284,740 - -
(b)
2009 1 1
2009 12 31
2008 1 1
2008 12 31
19,857,124 -
36,351,492 -
56,208,616 -
2009 1 1 2009 12 31
128,525,074 19,857,124
2008 1 1 2008 12 31
- -
14,494,002,054 89.00
14,209,150,341 87.25
284,851,713 1.75
301,109,964 1.85
- -
- -
- -
38
- -
- -
- -
- -
- -
- -
- -
- -
1,310,280,256 8.05
180,759,431 1.11
16,286,151,705 100.00
6,272,811,392 38.79
2,175,076,254 13.45
1,618,295,869 10.01
1,100,808,413 6.81
284,851,713 1.76
1,380,838,235 8.54
693,083,214 4.29
397,547,061 2.46
570,689,903 3.53
14,494,002,054 89.63
2,293,821,665 14.18
1,736,972,160 10.74
1,562,298,114 9.66
528,985,432 3.27 39
434,002,653 2.68
961,184,927 5.94
1,005,103,884 6.22
150,403,594 0.93
164,552,673 1.02
735,834,951 4.55
223,530,277 1.38
205,506,241 1.27
30,655,764 0.19
209,365,606 1.29
464,028,324 2.87
518,086,555 3.20
520,884,773 3.22
241,745,057 1.49
278,235,202 1.72
281,381,246 1.74
483,339,258 2.99
IT 376,761,090 2.33
175,247,605 1.08
250,654,431 1.55
188,123,320 1.16
76,667,796 0.47
178,578,584 1.10
218,050,872 1.35
14,494,002,054 89.63
MSCI 40
1
China Construction
Bank CORP
939 HK 121,825,000 715,454,055 4.42
2
Samsung
Electronics Co Ltd
005930 KS 112,907 528,985,432 3.27
3 Tencent Hldgs Ltd 700 HK
3,127,700 464,028,324 2.87
4
China Shenhua
Energy Co Ltd
1088 HK
13,468,000 450,615,576 2.79
5
China Yurun Food
Group Ltd
1068 HK
20,212,000 409,314,020 2.53
6 Wharf (Hldgs) Ltd ( ) 4 HK
8,781,000 345,984,396 2.14
7 Bank of China Ltd 3988 HK
91,526,000 338,464,612 2.09
8
Commonwealth
Bank of Australia
CBA AU
910,000 306,515,892 1.90
9 Keppel Land Ltd KPLD SP 17,567,000 299,033,771 1.85
10
National Australia
Bank Ltd
NAB AU
1,776,315 298,885,962 1.85
11 Rio Tinto Ltd RIO LN 800,800 298,021,083 1.84
12
PT United Tractors
Tbk
- UNTR IJ 26,453,500 298,005,506 1.84
RIL IN 1,775,096 284,049,443 1.76
13
Reliance Industries
Ltd
-
RIGD LI
329,870 104,737,453 0.65
14
Housing
Development
Finance Corp Ltd
- HDFC IN 716,663 281,381,246 1.74
15
China Life
Insurance Co Ltd
2628 HK
8,309,000 280,565,084 1.73
16 Li Ning Co Ltd 2331 HK
10,712,000 278,235,202 1.72
17
Banpu Public Co
Ltd
-
BANPU-R
TB
2,350,000 277,224,101 1.71
18 BHP Billiton Ltd BLT LN 1,245,000 272,668,819 1.69
41
19
Samsung
Engineering Co Ltd
028050 KS 421,527 266,947,106 1.65
20
KB Financial Group
Inc
- 105560 KS 748,667 262,083,142 1.62
21 CNOOC Ltd
883 HK
23,950,000 257,267,451 1.59
22
China Resources
Cement Hldgs Ltd
1313 HK
73,976,000 250,767,396 1.55
23 Amorepacific Corp - 090430 KS 45,767 250,654,431 1.55
24 Olam Intl Ltd - OLAM SP 18,200,000 235,454,837 1.46
25
Hang Lung
Properties Ltd
101 HK
8,400,000 226,318,579 1.40
26 Asciano Group
- AIO AU
20,000,000 223,530,277 1.38
27
Yangzijiang
Shipbuilding Hldgs
YZJ SP 37,873,000 222,879,267 1.38
28
Kerry Properties
Ltd
683 HK
6,400,000 222,585,344 1.38
29
Sun Hung Kai
Properties Ltd
16 HK
2,140,000 219,135,623 1.36
30
Nine Dragons
Paper Hldgs Ltd
2689 HK
19,812,000 218,050,872 1.35
31
Parkson Retail
Group Ltd
3368 HK
17,382,000 209,365,606 1.29
32
Infosys
Technologies Ltd
INFO IN 545,000 208,008,013 1.29
33
Infrastructure
Development
Finance Co Ltd
- IDFC IN 9,076,796 205,506,241 1.27
34
Bank Rakyat
Indonesia
- BBRI IJ 34,919,500 194,150,673 1.20
35
Hindalco Industries
Ltd
- HNDL IN 8,200,000 193,535,854 1.20
36
Woodside
Petroleum Ltd
- WPL AU
650,000 188,404,090 1.17
37 Orica Ltd - ORI AU
1,175,980 188,123,320 1.16
38
Neptune Orient
Lines Ltd
- NOL SP 22,500,000 180,559,796 1.12
39 AU Optronics Corp
AUO US 2,200,000 180,114,260 1.11
40 WorleyParsons Ltd - WOR AU
1,000,000 178,578,584 1.10
41 Poly Hong Kong 119 HK
20,477,000 175,247,605 1.08
42
Investment Ltd 42 Woolworths Ltd - WOW AU
1,000,000 171,946,367 1.06
43 Computershare Ltd - CPU AU
2,400,000 168,753,077 1.04
44
Pacific Basin
Shipping Ltd
2343 HK
34,000,000 168,541,482 1.04
45 Fairfax Media Ltd - FXJ AU
15,400,000 164,552,673 1.02
46
China Resources
Land Ltd
1109 HK
10,384,000 161,280,832 1.00
47
PT Bank Danamon
Indonesia Tbk
- BDMN IJ 48,727,000 161,135,236 1.00
48
China High Speed
Transmission
Equipment Group
Co Ltd
658 HK
9,300,000 155,253,277 0.96
49
Insurance Australia
Group Ltd
IAG AU
6,200,000 153,437,569 0.95
50
Brilliance China
Automotive Hldgs
Ltd
1114 HK
78,000,000 150,403,594 0.93
51
Orient Overseas
(Intl) Ltd
316 HK
4,200,000 134,237,981 0.83
52
Siam Cement
Public Co Ltd
- SCC-R TB 2,500,000 120,322,960 0.74
53 Wesfarmers Ltd - WES AU
600,000 115,216,348 0.71
54 LG Display Co Ltd - 034220 KS 500,000 115,076,258 0.71
55 DLF Ltd - DLFU IN 2,076,591 110,058,914 0.68
56
Jiangxi Copper Co
Ltd
358 HK
6,680,000 107,986,294 0.67
57
GS Engineering &
Construction Corp
- 006360 KS 153,717 97,797,489 0.60
58 Kangwon Land Inc - 035250 KS 1,000,000 96,752,013 0.60
59 Wynn Macau Ltd - 1128 HK
11,300,000 95,016,999 0.59
60
Yanlord Land
Group Ltd
- YLLG SP 8,500,000 89,708,429 0.55
61 Li & Fung Ltd - 494 HK
2,700,000 76,667,796 0.47
62
Golden
Agri-Resources Ltd
- GGR SP 29,500,000 73,172,313 0.45
63
Reliance
Infrastructure Ltd
- RELI IN 402,000 67,642,760 0.42
43
64 Soho China Ltd SOHO
410 HK
17,000,000 62,866,272 0.39
65 Sands China Ltd - 1928 HK
6,000,000 49,976,045 0.31
66
Maanshan Iron &
Steel Co Ltd
323 HK
9,834,000 49,181,077 0.30
67
PT Intl Nickel
Indonesia Tbk
- INCO IJ 15,000,000 39,791,799 0.25
68
Hindustan Unilever
Ltd
- HUVR IN 788,983 30,655,764 0.19
69 Downer EDI Ltd - DOW AU
298,376 17,132,095 0.11
2% 20
1
China Construction Bank
CORP
939 HK 712,747,742 6.57
BHP AU 677,670,332 6.24
2 BHP Billiton Ltd
BLT LN 416,198,005 3.84
3 China Life Insurance Co Ltd 2628 HK 651,763,580 6.01
4
Bank of Communications Co
Ltd
3328 HK 647,822,533 5.97
5
Ping An Insurance (Group) Co
of China Ltd
2318 HK 513,987,340 4.74
6 China Resources Land Ltd 1109 HK 493,690,255 4.55
7 National Australia Bank Ltd NAB AU 480,870,177 4.43
RIO AU 480,469,297 4.43
8 Rio Tinto Ltd
RIO LN 280,012,944 2.58
9
China Shipping Container
Lines Co Ltd
2866 HK 477,943,264 4.40
10 Woolworths Ltd WOW AU 454,737,444 4.19
11 Australia & NZ Bkg Group Ltd ANZ AU 431,055,768 3.97
12 Angang Steel Co Ltd 347 HK 428,729,573 3.95
13 China Shenhua Energy Co Ltd 1088 HK 400,083,803 3.69
14 Westpac Banking Corp WBC AU 386,973,163 3.57
15 Bank of China Ltd 3988 HK 369,294,393 3.40
44
16 Hana Financial Group Inc 086790 KS 359,618,738 3.31
17
Commonwealth Bank of
Australia
CBA AU 354,691,604 3.27
18 KB Financial Group Inc 105560 KS 344,748,581 3.18
19 AU Optronics Corp AUO US 338,702,413 3.12
20 Sun Hung Kai Properties Ltd 16 HK 336,538,087 3.10
21 China Yurun Food Group 1068 HK 323,780,960 2.98
22 HSBC Hldgs (HK Listing) 5 HK 314,948,777 2.90
23 Neptune Orient Lines Ltd NOL SP 314,036,815 2.89
24 Pacific Basin Shipping Ltd 2343 HK 313,835,438 2.89
25 Maanshan Iron & Steel Co Ltd 323 HK 312,487,836 2.88
26 China Mobile Ltd 941 HK 311,503,176 2.87
27 CNOOC Ltd 883 HK 300,873,408 2.77
28 Wesfarmers Ltd WES AU 297,376,814 2.74
29 CSL Ltd CSL AU 294,733,634 2.72
30 Samsung Engineering Co Ltd 028050 KS 285,785,935 2.63
31 Aluminum Corp of China Ltd 2600 HK 285,598,174 2.63
32 Huaneng Power Intl Inc 902 HK 283,003,291 2.61
33 Reliance Industries Ltd RIL IN 274,880,574 2.53
34
Poly Hong Kong Investment
Ltd
119 HK 266,064,437 2.45
35
Shinhan Financial Group Co
Ltd
055550 KS 261,249,558 2.41
36 LG Display Co Ltd 034220 KS 258,561,468 2.38
37
Housing Development
Finance Corp
HDFC IN 256,990,351 2.37
38 Nine Dragons Paper Hldgs Ltd 2689 HK 256,401,320 2.36
39
China Resources Cement
Hldgs Ltd
1313 HK 256,005,224 2.36
40 Kerry Properties Ltd 683 HK 255,186,230 2.35
41
GS Engineering &
Construction Corp
006360 KS 252,578,142 2.33
42 China COSCO Hldgs Co Ltd 1919 HK 252,567,114 2.33
43 Hutchison Whampoa Ltd 13 HK 246,471,810 2.27
44 Woodside Petroleum Ltd WPL AU 241,525,110 2.23
45 Air China Ltd 753 HK 237,831,354 2.19
46
China Petroleum & Chemical
Corp
386 HK 221,658,555 2.04
47 China Telecom Corp Ltd 728 HK 219,475,445 2.02
48 Jiangxi Copper Co Ltd 358 HK 219,205,920 2.02
45
1 BHP Billiton Ltd BHP AU 1,074,541,821 9.90
2 China Mobile Ltd 941 HK 896,370,594 8.26
3 Bank of Communications Co Ltd 3328 HK 883,369,407 8.14
4 China Life Insurance Co Ltd 2628 HK 780,411,996 7.19
5
Ping An Insurance (Group) Co of China
Ltd
2318 HK 712,594,353 6.57
6 Rio Tinto Ltd RIO AU 710,092,530 6.54
7 Australia & NZ Bkg Group Ltd ANZ AU 643,544,736 5.93
8 China Construction Bank CORP 939 HK 628,785,725 5.79
9 Westpac Banking Corp WBC AU 539,564,537 4.97
10 CSL Ltd CSL AU 521,886,616 4.81
11 Angang Steel Co Ltd 347 HK 494,836,198 4.56
12 China Shipping Container Lines Co Ltd 2866 HK 482,761,115 4.45
13 China Petroleum & Chemical Corp 386 HK 473,492,826 4.36
14 QBE Insurance Group Ltd QBE AU 456,687,910 4.21
15 China Resources Land Ltd 1109 HK 455,853,275 4.20
16 China Shenhua Energy Co Ltd 1088 HK 452,692,544 4.17
17 Aluminum Corp of China Ltd 2600 HK 443,863,546 4.09
18 Cheung Kong (Hldgs) Ltd 1 HK 437,137,008 4.03
19 DBS Group Hldgs Ltd DBS SP 406,739,051 3.75
20 CapitaLand Ltd CAPL SP 404,933,037 3.73
21 China Overseas Land & Inv Ltd 688HK 404,777,539 3.73
22 CNOOC Ltd 883 HK 394,771,962 3.64
23 Hana Financial Group Inc 086790 KS 390,191,545 3.60
24 LG Electronics Inc 066570 KS 383,092,831 3.53
25 KB Financial Group Inc 105560 KS 370,556,576 3.41
26 HSBC Hldgs (HK Listing) 5 HK 366,716,647 3.38
27 Woolworths Ltd WOW AU 361,602,589 3.33
28 China Telecom Corp Ltd 728 HK 345,917,268 3.19
29 Shinhan Financial Group Co Ltd 055550 KS 344,921,973 3.18
30 GS Engineering & Construction Corp 006360 KS 325,954,445 3.00
31 China COSCO Hldgs Co Ltd 1919 HK 320,657,332 2.95
32 Keppel Corp Ltd KEP SP 309,311,303 2.85
33 Maanshan Iron & Steel Co Ltd 323 HK 307,305,113 2.83
34 China National Bldg Material Co Ltd 3323 HK 301,634,298 2.78
35 Samsung Electronics
Co Ltd 005930 KS 291,654,952 2.69
36 Samsung Fire & Marine Insurance Co 000810 KS 285,400,664 2.63
37 Air China Ltd 753 HK 281,508,449 2.59
38 Guangzhou R&F Properties Co Ltd 2777 HK 266,261,417 2.45
46
39 Huaneng Power Intl Inc 902 HK 257,961,317 2.38
40 Crown Ltd CWN AU 250,273,809 2.31
41 Wesfarmers Ltd WES AU 242,785,235 2.24
42 Oil Search
Ltd OSH AU 239,209,975 2.20
43 Daelim Industrial
Co Ltd 000210 KS 238,151,701 2.19
44 Hutchison Whampoa Ltd 13 HK 234,864,011 2.16
45 National Australia Bank Ltd NAB AU 232,972,244 2.15
46 Golden Agri-Resources Ltd GGR SP 225,999,578 2.08
47 Maruti Suzuki India Ltd MSIL IN 222,405,743 2.05
48 Telstra Corp Ltd TLS AU 218,625,606 2.01
49 Origin Energy Ltd ORG AU 218,078,800 2.01
29,165,049,192
30,159,987,929
47
1
iShares MSCI
Taiwan Webs
Index Units
ETF ETF
I shares
Inc.
301,109,964 1.86
-
175,845,788
-
133,121
1,403,805
-
-
3,376,717
180,759,431
48
1,741,206
15,294 383 0.02% 1,740,823 99.98%
11 414,002.08 0.00
28,299,811,339
2,343,092,161
4,013,736,906
-
26,629,166,594
49
2009 2 28
2009 5 20
2009 10 31
50
180,000 3 Goldman Sachs
International 1 4,368,515,342 7.41 9,008,785 7.53 JP Morgan Secs
Ltd
1 3,058,550,884
5.19 6,155,443
5.14
Citigroup Global
Mkts Ltd 1 3,747,804,869 6.36 7,608,777 6.36 Merrill Lynch
Pierce F & S Inc
HK 1 9,517,917,695 16.15 85,095,141 13.45 18,949,182 15.84 CLSA Limited 1 6,401,084,391 10.86 13,608,820 11.37 Morgan Stanley &
Company Intl. 1 4,414,576,677 7.49 9,121,395 7.62 Credit Suisse
Equities 1 6,386,280,440 10.84 13,040,741 10.90 Samsung
Securities Co Ltd 1 1,330,049,830 2.26 2,992,611 2.50 UBS Securities
Ltd 1 8,868,223,589 15.05 330,595,641 52.26 17,006,444 14.21 Deutsche Bank
AG London 1 1,628,127,699 2.76 216,894,191 34.29 3,790,616 3.17
51
China Intl Capital
Corp HK Secs Ltd 1 4,685,537,609 7.95 9,191,067 7.68 Nomura intl (Hong
Kong) Ltd 1 4,525,133,789 7.68 9,165,920 7.66 13 58,931,802,814 100.00 632,584,973 100.00 119,639,801 100.00
1.
2009 2 6
2.
2009 2 28
3.
2009 4 7
4.
2009 4 9
5.
2009 5 20
6.
2009 6 27
7.
2009 8 19
8.
2009 10 31 9.
2009 12 22 52
1
2
3
4
5
6
