Escolar Documentos
Profissional Documentos
Cultura Documentos
July 2007
Company background
experienced and financially stable
A research driven investment manager of Allianz Global Investors Over 23 years of local experience Well recognized retirement investment specialist in Hong Kong
* Sources: Pensions & Investments / Independent consultant (as at 31 December 2005) ** As at 31 March 2007
Your selection
5 Lifestyle Funds
Tailor-made investment choices with different risk vs return Investment choices according to individual investment strategy
Return
Risk
ranking
RCM Growth Fund RCM Balanced Fund RCM Stable Growth Fund RCM Capital Stable Fund
* Source: Mercer HK Investment Choice Survey, Mar 2007
20.9 16.6
16.9 14.7
1/8 3/11
12.7 9.0
10.7 7.2
1/8 1/8
Fund performance is calculated in HK$ on NAV-to-NAV basis, net of fees (as of end Mar 2007) Investment involves risk. Past performance is not indicative of future performance. Please refer to the prospectus for further information
Portfolio
Others 1% Fixed Income 2% Liquidity 4% Japan 12% Other Asia 14% Hong Kong 26%
RCM
8.48% 9.10% 26.23% 108.76%
Source: RCM, as at 31 May, 2007 Source: RCM, as at 31 May, 2007
Holdings
Investment involves risk. Past performance is not indicative of future performance. Please refer to the prospectus for further information.
Equity 90%
Portfolio
Liquidity 5% Japan 10% Other Asia 11% Fixed Income 21%
Cumulative performance
YTD 3 months 1 year Since Feb 2001
RCM
6.11% 6.60% 20.32% 90.11%
Source: RCM, as at 31 May, 2007 Source: RCM, as at 31 May, 2007
Holdings
Investment involves risk. Past performance is not indicative of future performance. Please refer to the prospectus for further information.
Equity 70%
Portfolio
Liquidity 5% Japan 7% Other Asia 8% Europe 9% Fixed Income 43%
Cumulative performance
YTD 3 months 1 year Since Feb 2001
RCM
4.70% 4.63% 15.47% 75.18%
Source: RCM, as at 31 May, 2007 Source: RCM, as at 31 May, 2007
Holdings
Investment involves risk. Past performance is not indicative of future performance. Please refer to the prospectus for further information.
Equity 50%
Portfolio
Japan 4% Other Asia 5% Liquidity 5% Europe 6% North America 8%
Cumulative performance
YTD 3 months 1 year Since Feb 2001
RCM
3.29% 2.73% 10.84% 62.72%
Source: RCM, as at 31 May, 2007 Source: RCM, as at 31 May, 2007
Holdings
Investment involves risk. Past performance is not indicative of future performance. Please refer to the prospectus for further information.
Equity 30%
Portfolio
Fixed Income 5%
Cumulative performance
YTD 3 months 1 year Since Feb 2001
RCM
1.54% 0.93% 3.88% 12.87%
Source: RCM, as at 31 May, 2007 Source: RCM, as at 31 May, 2007
Holdings
Investment involves risk. Past performance is not indicative of future performance. Please refer to the prospectus for further information.
Cash 100%
MSCI World
Dow Jones Industrials Nasdaq Hang Seng Index Nikkei 225 MSCI AC Far East MSCI AC Europe MSCI World Citigroup European WGBI Index Citigroup US WGBI Index
Global GDP growth will moderate in 2007 but remain solid. reports so far have been ok, but this years earnings growth may be adjusted down from a high to a low single digit number continue to look for equities to outperform other asset classes.
Earnings
We
Our
strategy is aimed at reducing risk by focusing on higher yielding stocks with growing cash flows or turnaround situations
demand and tentative signs of stabilization in the housing market should engineer a soft landing. backdrop, together with growing corporate profits, will prove positive for equities. makers will look to data to decide next move. Inflation remains a key concern.
This
Policy
economy.
growth remains positive but will moderate along with the global
Equity
markets remain reasonably valued and will continue to benefit from ongoing corporate restructuring. Bank of England will likely hike rates at least once more to fight inflation.
The
US
and China slowdowns will lead to some deceleration in Asian economies but domestic fundamentals remain strong. are positive on Asian stocks although valuations look less attractive than last year. earnings outlook in Japan remains supportive for stocks, but is also likely to slow down.
We
The
Inflation concern and healthy labour market should keep the Fed on hold. Expect rates to stabilize at 4.0% as renewed strength of the euro has tightening impact on the economy.
Eurozone:
Investment strategy
North America
Japan
Europe
Hong Kong
Other Asia
+
+ Overweight
Underweight
0 Benchmark Neutral
Investment strategy
Energy
Basic Materials
Industrial
Consumer Cyclical
Consumer Non-Cyclical
Healthcare
Financial
Technology
Telecommunications
Utilities
+
+ Overweight
+
0 Benchmark Neutral
Underweight
Member benefits
no
start
direct debit from bank account (no need to go through payroll) flexible withdrawal (free withdrawal up to 4 times a year)
* For further enquiry, please contact Allianz Global Investors Members Direct: 2500 1633
Potential Return
RCM Stable Growth Fund RCM Capital Stable Fund RCM Absolute Return Fund # RCM Capital Preservation Fund
core funds
tia Poten
l Risk
Investment involves risk. Please refer to the prospectus for further information. # Members should be aware that whilst this Constituent Fund aims to achieve absolute positive returns, there may be circumstances under which this is not possible. Therefore, the absolute positive returns are not guaranteed.
Member services
Member communication
member briefing and consultation providing investment advice, timely
market update & investment education
Member Briefing
Investment Centre
Online indices display of major world markets Comprehensive fund information Pension Client / ORSO Funds
Timely market updates and release of articles providing investment insights How much I need to retire? => Retirement calculator
Member communication
Quarterly newsletter Investor Choice Member Update
Market
Interview
with fund manager and investment professionals stories and case studies, such as, Asset reallocation strategies Invest with a Peace of Mind Bring home the Bacon Leveraging SVC Program
Theme
This material has been prepared for the personal use of the recipient or addressee for information purposes only. Every form of perusal, publication, duplication, transmission and passing on of the contents of this material by or for persons other than the intended recipients is impermissible and unauthorized. This material has not been prepared for the purposes of and does not constitute investment, legal or tax advice. While we believe that the information is correct at the date of this presentation, no warranty of representation is given to this effect and no responsibility can be accepted by us to any intermediaries or end users for any action taken on the basis of this information. Past performance is not indicative of future results. No representation is being made that any individual account will or is likely to achieve profits or losses similar to those shown nor is any representation being made that any individual account will or is likely to achieve the level of accuracy of past projections.
Communication channels
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