HONG KONG, Feb. 9, 2012 /PRNewswire-Asia/ -- Guotai Junan Assets (Asia) Co., Ltd. announced that it would launch the first-to-market high dividend-paying Greater China Equity Fund, Guotai Junan Investment Fund - Guotai Junan Equity Income Fund (the " Fund ") with an Initial Public Offering period from 9 February 2012 to 29 February 2012, aiming at providing both "income" and "growth" to investors.
Fund Characteristics:
The Fund is available for both individual and institutional investors. The Fund will seek to achieve its investment objective by investing in a portfolio of equity securities of companies in the Greater China region, which the Manager believes will pay sustainable dividends. The Manager seeks to construct a portfolio of equity securities with consistent dividend yield and intends to distribute a portion of the dividends to investors. Target potential dividends of not less than 3% p.a. of the NAV will be payable semi-annually only when there is income and/or realized gains of the Fund.
The Fund combines the quantitative and fundamental method, which focuses on the analysis of the profitability, the price-to-book valuation Ratio and the payout Ratio of companies, and implements a prudent investment process in order to provide the investors with potential target income and potential growth opportunities. The Manager will also use "top-down" macro analysis and "bottom-up" micro analysis for portfolio management.
The Greater China region is one of the fastest growing economies. According to the estimate of the International Monetary Fund in September 2011, the anticipated economic growth of Mainland China, Taiwan and Hong Kong in 2012 would be 9.0%, 5.0% and 4.3% respectively. It is expected that the Fund may have the potential to benefit from the strong growth of the region. In addition, the Fund may also flexibly allocate its assets into the markets within the region in order to capture better investment opportunities.
Details of the fund:
| Fund Name: | Guotai Junan Investment Funds - Guotai Junan Equity Income Fund |
| Fund Manager: | Guotai Junan Assets (Asia) Limited |
| Fund Currency: | HKD |
| Dividend policy: | At the Manager's discretion, currently on a semi-annual basis (i.e., June and December of each year) with a target dividend payment of not less than 3% p.a. of the NAV only when there is income and realized gains of the Fund |
| Minimum Investment Amount: | HKD 10,000 |
| Minimum holding: | Units holding with a market value of not less than HKD10,000 |
| Minimum Redemption Amount: | HKD 10,000 |
| IPO Period: | 9 February 2012 to 29 February 2012 |
| Subscription Fee: | Up to 5% |
| Annual Management Fee: | 1.5% p.a. |
Major Distributors of the Fund:
The major distributors of the Fund include Bank of China (Hong Kong) Limited, Bank of Communications Co., Ltd., China Construction Bank (Asia) Corporation Limited, Nanyang Commercial Bank, Limited, Chiyu Banking Corporation Limited, Guotai Junan Securities (Hong Kong) Limited, Noble Apex Advisors Limited, Pegasus Fund Managers Limited and Sun Hung Kai Financial Group.
About Guotai Junan International Holdings Limited:
Guotai Junan Assets (Asia) Limited is a wholly-owned subsidiary of Guotai Junan International Holdings Limited (Stock code: 1788) which was listed on the main board of the Stock Exchange of Hong Kong on 8 July 2010. With its international capital market experience and a deep understanding of China's national conditions, it strikes to provide high quality services in securities brokerage, futures brokerage, corporate finance, asset management, research, financing and leveraged foreign exchange.
Guotai Junan International Holdings Limited is a subsidiary of Guotai Junan Securities Co. Ltd. which is one of the largest securities companies in China, ranked as the top three securities firm in the industry, with 26 branches, 193 business department in the country's 29 provinces, autonomous regions and municipalities directly under the Central Government (including 35 direct sales department) in 2010. Guotai Junan Assets (Asia) Limited is familiar with China's national conditions and policy and has close networks with companies which enables Guotai Junan Assets (Asia) Limited to grasp investment opportunities.
Contact: Mr. Adrian Au, Tel: (852)2509 2652