1
2004 1 15
300 40
300 40
86 21 2326 1188
1.5
67% 33%
1
1957 1980 1984 1984 1992 1992 1996
1996 2004 2
1963 1989 1990 1990 1993 1993 1998 1998 2000 7 2003 10
1958 1981 1983 1983 1986 1986 1990
2
1990 1996 1996
Max Diulius
1937 1961 1985 1985 1991 1991 1999 1999 2003
1955 1984 1988 1991
1993 1994 2000 2001 2004 2004 2007 2007 9
1938
1950
2
1930 1959
Jean Audibert 1951 1975 1996 2001 2001 2005 2005 2008 CEO 2009 1
3
3
1964 1983 1990 1990 1993 1997 1999 1999 2004 2 2004 3 2005 2
4
1969
5
2003 2005 5 2007 9 2008 12 2008 12 2009 7
2005 11 2008 12
2008 2 2009 8
6
7
4
55
100032
1
300 40
+86 21 23261188
+86 21 23261199
+86 21 962299 , 400 880 8588
2
5
6
7
8
9
10
www.hrsec.com.cn
11
1233 1604-1608
12
202 11
+86 -21-23238888
+86-21-23238800
60% 95% 80
13
5% 40% 5%
AAAM Active Asset
Allocation Model
1
14
15
16
17
1
% 1
3,466,335,604.91 94.23
3,466,335,604.91 94.23
18
2
--
--
--
3
--
4
--
--
5 196,360,322.53 5.34
6
15,731,846.81 0.43
7
3,678,427,774.25 100.00
2
A
73,757,482.26 2.01
B
33,786,595.90 0.92
C
2,386,979,644.04 65.15
C0
291,665,965.03 7.96
C1
73,317,619.95 2.00
C2
--
C3
--
C4
122,322,238.81 3.34
C5
182,522,484.14 4.98
C6
559,186,055.98 15.26
C7
818,437,020.86 22.34
C8
339,528,259.27 9.27
C99
--
D 31,963,796.86 0.87
E
25,640,706.80 0.70
F
--
G
332,173,181.82 9.07
19
H
187,962,562.19 5.13
I
117,370,434.41 3.20
J
126,952,469.14 3.47
K
149,748,731.49 4.09
L
--
M
--
3,466,335,604.91 94.62
3
( )
1 002056 4,653,879 147,341,809.14 4.02
2 002123 3,574,178 144,968,659.68 3.96
3 600406 2,164,142 135,670,061.98 3.70
4 600256 4,054,694 126,952,469.14 3.47
5 600585 5,399,915 122,200,076.45 3.34
6 600425 6,199,783 121,763,738.12 3.32
7 000837 9,190,953 120,585,303.36 3.29
8 000826 4,764,389 120,110,246.69 3.28
9 601601 4,938,943 107,668,957.40 2.94
10 600518 5,555,500 103,665,630.00 2.83
4
5
6
7
8
20
8.1
8.2
8.3
1
2,776,198.40
2
12,548,554.57
3
-
4
39,297.17
5
367,796.67
6
-
7
-
8
-
9
15,731,846.81
8.4
8.5
21
22
0
23
t
) 1 100 / 100 ( * % 80
1
?
? t t
) 1
1
/
t
( * % 20 ? t
t
t
1 ? t
· · ·
1
1
2
3
4
5
6
7
8
2
1.5%
H
E ×1.5 ÷
H
E
24
3
0.25%
H = E × 0.25% ÷
H
E
1
1.5%
2
0.5%
0.5%
0.25%
0%
25
25%
1
2
3 2010 9 30
4 2010 9 30
5 2010 5 1 2010 10 31
2010 5 1 2010 10 31
1 2010 5 6
2 2010 5 29
3 2010 6 1
4 2010 6 7
5 2010 6 10
26
6 2010 6 23
7 2010 7 1
8 2010 7 1 2010
9 2010 7 9
10 2010 7 19 2010
11 2010 7 28
12 2010 7 29
13 2010 8 3
14 2010 8 6
15 2010 8 16
16 2010 8 17
17 2010 8 17
27
18 2010 8 25
19 2010 8 27 2010
20 2010 8 28
21 2010 9 3 A
22 2010 9 4
23 2010 9 16
24 2010 9 17
25 2010 9 29
26 2010 9 30
27 2010 10 14
28 2010 10 27 2010
29 2010 10 27
28
2010 12 24
