1
........................................................................................................................................ 3
........................................................................................................................................ 3
............................................................................................................................... 7
......................................................................................................................... 12
......................................................................................................................... 25
......................................................................................................................... 26
......................................................................................... 35
.................................................................................... 38
........................................................................................................... 38
........................................................................................................... 49
.................................................................................................................... 51
........................................................................................................... 53
........................................................................................................... 56
...................................................................................................... 58
........................................................................................................... 59
....................................................................... 63
.................................................................................................................... 66
................................................................................................................ 70
.................................................................................................. 79
......................................................................................... 97
.................................................................................. 112
......................................................................... 113
.................................................................................................... 113
.................................................................................................................. 114
2
3
4
,
5
T
6
T+n
T
n
T
1
1
2
7
3
2
1
2
3
1
2
8
3
4
5
1
2
3
9
4
5
,
,
6
“
”
7
8
1
10
2
3
9
,
,
10
11
60
-95
5
-40
5%
80%
1
2
3
GICS
12
1
1
13
2
P/B ratio
P/E ratio
(P/CE
ratio)
Dividend Yield
Price yield
3
/
4
2
14
3
HSBC Mining, Gold and Energy Index
2007
3
31
41
771
4.8
%
109
15578
32.45
612
17520
36.5
50
14904
31.05
771
48002
100
(%)
(
)
%
197
25.55
12576
26.2
197
25.55
10574.4
22.03
67
8.69
7128
14.85
15
88
11.41
5212.8
10.86
12
1.56
2304
4.8
16
2.08
1843.2
3.84
26
3.37
984
2.05
5
0.65
974.4
2.03
4
0.52
734.4
1.53
26
3.37
552
1.15
133
17.25
5118.8
10.66
771
100
48002
100
HSBC
2011
3
31
1
16
2
3
1
2
3
/
4
5
17
4
Tracking
Error
Standard Deviation
Barra Aegis
MFM
1
(1)
20%
(2)
10%
(3)
18
10%
3%
(4)
10%
(5)
10%
(6)
20
(7)
10%
(8)
60
-95
5
-40
5%
(9)
100
(10)
10
(11)
(a)
(b)
(c)
19
20%
(12)
1 — 8
30
6
10
10
30
3
1
2
3
4
5
10%
6
20
7
8
9
10
11
12
13
14
15
16.
17
6
21
30
1
2
1
1
26,248,638.78
71.75
26,248,638.78
71.75
-
-
-
-
-
-
2
510,557.23
1.40
3
-
-
-
-
-
-
4
-
-
-
-
-
-
-
-
-
-
5
-
-
-
-
6
-
-
7
8,127,584.55
22.22
8
1,694,985.44
4.63
9
36,581,766.00
100.00
22
2013
6
30
33,628,500.10
0.689
0.689
2
9,124,004.01
27.13
8,772,292.32
26.09
3,936,009.10
11.70
2,758,087.02
8.20
819,626.48
2.44
639,438.48
1.90
199,181.37
0.59
26,248,638.78
78.05
3
15,230,235.60
45.29
11,018,403.18
32.77
26,248,638.78
78.05
4
(
)
(
)
(
)
1
BHP Billiton plc
BLT LN
10,875
1,723,320.64
5.12
First Quantum Minerals
2
-
FM CN
18,772
1,715,143.16
5.10
Ltd
3
Glencore Intl plc
-
GLEN LN
62,867
1,611,914.15
4.79
Freeport-McMoRan
4
-
FCX US
8,185
1,396,311.13
4.15
Copper & Gold
23
5
Royal Dutch Shell plc
RDSB LN
6,759
1,385,645.61
4.12
Anadarko Petroleum
6
-
APC US
2,597
1,378,839.99
4.10
Corp
7
Rio Tinto plc
RIO LN
4,453
1,125,600.30
3.35
8
Teck Resources
-
TCK/B CN
8,384
1,103,365.94
3.28
9
BP plc
-
BP/ LN
21,482
921,373.09
2.74
10 DNO International ASA
-
DNO NO
72,972
819,626.48
2.44
5
6
7
8
9
(%)
ETFS Physical
ETF Securities
1
ETF
ETF
510,557.23
1.52
Platinum
Ltd
24
10
10.1
10.2
10.3
1
-
2
1,551,395.40
3
117,256.58
4
712.59
5
25,620.87
6
-
7
-
8
-
9
1,694,985.44
10.4
10.5
10.6
25
-1.70%
1.08%
-3.75%
1.20%
2.05%
-0.12%
-29.91%
1.21%
-27.63%
1.29%
-2.28%
-0.08%
99
20
99
20
2004
5
12
51%
JPMorgan Asset Management (UK) Limited
49%
[2004]56
2004
5
12
2005
8
12
67
33
51%
49%
2006
6
6
“
”
“
”
2006
4
29
2006
6
2
2009
3
31
2009
3
31
(
)
26
1.
27
28
29
30
3
4
5
6
7
8
9
10
11
12
1
2
3
31
1
2
3
4
5
6
7
8
4
1
2
3
4
5
6
7
8
9
10
5
(1)
(2)
(3)
32
(4)
1
1
2
3
4
5
2
1
2
3
4
3
33
1
2
4
1
2
3
4
5
6
34
1
(
)
(JP Morgan Asset Management (UK)
Co., Ltd.)
25 Bank Street Canary Wharf London E14 5JP
125 London Wall, London, EC2Y 5AJ
Finsbury Dials, 20 Finsbury Street, London EC2Y 9AQ
Martin Porter
1974
2
27
1,601
2010
12
31
Neil Gregson
44 020 7742 6000
35
3,000
(
)
SICAVs
OEICs
JF
2
Neil Gregson,
Neil 2010
CQS
Neil
Neil
Neil
1
36
Aa3
A+
A
P-1
A-1
F1
/
C+
-
(
)
37
[2011]1599
2012
2
20
2012
3
21
2012
3
26
1
38
4
6
9
9
3
10
8
12
25
12
26
3
2
2
2
1 “
”
2
39
3
4
5
1
2
T
T+2
T+3
40
3
1.
1 000
(
)
1 000
2.
100
100
100
100
3.
4.
3
1
2
41
3
M
M 100
1.6%
100
≤M 500
1.0%
M≥500
1000
4
0.50%
0.30%
0%
25%
5
6
1
42
=
/
1+
=
=
/
2
×T
×
=
3
T
T+1
T+2
3
4
4
5
1
43
2
T
2
T
3
3
T
2
4
3
1
10%
2
1
2
10
44
3
4
1
1
2
3
4
5
6
7
8
45
9
10
1
- 7
9
-
10
2
1
2
3
3
4
5
6
46
3
4
1
2
3
20
1
47
1 “
”
2 “
”
3 “
”
4
“
”
5
“
”
2
3
4
5
6
48
1
2
3
4
5
6
7
8
9
(
“
”)
10
49
11
1
1.8%
H E×1.8% ÷
H
E
10
2
[ 0.35%]
H=E×0.35% ÷
H
50
E
10
3
3
10
51
1
2
3
4
5
6
7
52
T+1
1
1
(2)
2
1
53
2
3
1
2
4
5
1
2
6
7
1-6
1-6
8
54
9
1
2
3
0.001
55
1
2
0.5%
3
1
7
2
3
56
1
2
3
4
5
15
6
4
25
7
57
1
2
[
]
1
1
1
12
31
2
3
4
5
6
58
1
2
3
2
3
6
45
15
59
T+2
T
2
1
2
60
3
1
2
3
4
5
6
7
8
9
50
61
10
30
11
12
13
14
15
16
17
0.5%
18
19
20
21
22
23
24
25
26
27
62
28
1
2
3
63
1
2
3
1
2
1
2
3
3
1
64
2
3
4
5
6
7
8
4
5
1
2
3
4
1
2
3
6
65
7
66
67
68
69
1
2
70
71
72
73
74
75
76
77
78
1
79
2
1
2
3
4
5
,
6
7
8
3
1
2
3
4
5
6
80
7
8
1
1
2
3
4
5
6
7
8
81
9
10
11
12
13
14
15
16
17
18
19
20
2
1
82
2
3
4
5
6
7
8
9
10
11
12
13
83
14
15
16
17
18
19
20
21
22
23
1
1
84
2
3
4
5
6
7
2
1
2
3
4
5
6
7
8
9
85
10
11
12
13
14
15
16
17
18
19
20
21
86
1
1
2
3
4
5
6
7
8
9
10
2
1
2)
3)
87
4)
5)
6)
3
1
2
3
4
88
5
6
4
30
1
2
3
4
5
6
5
89
1
2
50%
50%
1
2
3
50%
50%
4
5
(
25
)
90
6
1
1
2
10%
3
a
b
4
10%
5
91
2
7
1
2
1
2
92
3
8
1
1
(
)
2
3
4
93
2
3
1
2
3
1
2
94
3
1
2
1
2
3
3
1
2
3
4
5
6
95
7
8
4
5
1
2
3
4
1
2
3
6
7
96
60
1
99
20
2004
5
12
2004 56
2.5
97
2
“
”
1
1
1983
10
31
1998
24
010
66594909
98
1
60
-95
5
-40
5%
80%
1
2
3
GICS
2
99
(1)
20%
(2)
10%
(3)
10%
3%
(4)
10%
(5)
10%
(6)
20
(7)
10%
(8)
60
-95
5
100
-40
5%
(9)
100
(10)
10
(11)
(a)
(b)
(c)
20%
(12)
1
—
8
30
6
101
10
10
30
3
3
4
5
6
102
(
)
1
2
103
3
1
1
2
( )1 2
3
3
4
5
6
7
2
1
“
”
104
2
2
2
3
3
1
2
3
4
4
1
2
105
3
4
5
5
1
2
6
7
30
20
106
1
0.001
2
15
00
18 00
3
4
107
5
0.5%
6
,
7
8
9
108
1
2
3
45
10
15
40
60
60
90
5
15
109
25
1
2
3
4
5
110
5
60
111
1
2
3
4
1.
2.
112
400 889 4888
www.51fund.com
(www.51fund.com)
113
1
2
3
4
5
6
7
2013
11
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