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建信新兴市场混合(QDII)(539002)公告正文

建信新兴市场股票(QDII):2014年第一季度报告

公告日期 2014-04-22 来源 巨潮网

建信新兴市场优选股票型证券投资基金
        2014 年第 1 季度报告
                 2014 年 3 月 31 日
    基金管理人:建信基金管理有限责任公司
    基金托管人:中国工商银行股份有限公司
    报告送出日期:2014 年 4 月 22 日
                                                     建信新兴市场股票(QDII)2014 年第 1 季度报告
                                    §1 重要提示
    基金管理人的董事会及董事保证本报告所载资料不存在虚假记载、误导性陈述或重大遗漏,并对其内容的真实性、准确性和完整性承担个别及连带责任。
    基金托管人中国工商银行股份有限公司根据本基金合同规定,于 2014 年 4 月 18 日复核了本报告中的财务指标、净值表现和投资组合报告等内容,保证复核内容不存在虚假记载、误导性陈述或者重大遗漏。
    基金管理人承诺以诚实信用、勤勉尽责的原则管理和运用基金资产,但不保证基金一定盈利。
    基金的过往业绩并不代表其未来表现。投资有风险,投资者在作出投资决策前应仔细阅读本基金的招募说明书。
    本报告中财务资料未经审计。
    本报告期自 2014 年 1 月 1 日起至 3 月 31 日止。
                                 §2 基金产品概况2.1 基金基本情况
    基金简称                                建信新兴市场股票(QDII)
    基金主代码                              539002
    交易代码                                539002
    基金运作方式                            契约型开放式
    基金合同生效日                          2011 年 6 月 21 日
    报告期末基金份额总额                    89,919,571.14 份
                                        通过主要投资于注册地或主要经济活动在新兴市场
    投资目标                                国家或地区的上市公司股票,在分散投资风险的同时
                                        追求基金资产的长期增值。
                                        本基金在投资策略方面,将采取自上而下的资产配置
                                        与自下而上的证券选择相结合、定量研究与定性研究投资策略
                                        相结合、组合构建与风险控制相结合等多种方式进行
                                        投资组合的构建。
                                        本基金的业绩比较基准为:摩根士丹利资本国际新兴
    业绩比较基准                            市场指数(MSCI Emerging Markets Index (Net Total
                                        Return))。
                                        本基金为股票型基金,一般情况下基金投资风险收益
                                        水平高于债券型基金和混合型基金。同时,由于本基风险收益特征
                                        金主要投资于新兴市场上市公司股票,预期风险-收
                                        益水平高于一般的境外投资股票型基金。
    基金管理人                              建信基金管理有限责任公司
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                                                        建信新兴市场股票(QDII)2014 年第 1 季度报告
    基金托管人                                 中国工商银行股份有限公司2.2 境外投资顾问和境外资产托管人
       项目                      境外投资顾问                           境外资产托管人
         英文          Principal Global Investors, LLC.       Brown Brothers Harriman & Co.名称
         中文          信安环球投资有限公司                   布朗兄弟哈里曼银行
                       801 Grand Avenue, Des Moines, IA
    注册地址                                                      140 Broadway New York
                       50392-0490
                       801 Grand Avenue, Des Moines, IA
    办公地址                                                      140 Broadway New York
                       50392-0490
    邮政编码               IA 50392-0490                          NY10005
                           §3 主要财务指标和基金净值表现3.1 主要财务指标
                                                                                   单位:人民币元
    主要财务指标                                  报告期( 2014 年 1 月 1 日 - 2014 年 3 月 31 日 )
    1.本期已实现收益                                                                       -780,049.28
    2.本期利润                                                                             -571,862.48
    3.加权平均基金份额本期利润                                                                 -0.0062
    4.期末基金资产净值                                                                 81,294,285.53
    5.期末基金份额净值                                                                           0.904注:1、本期已实现收益指基金本期利息收入、投资收益、汇兑损益、其他收入(不含公允价值变动损益)扣除相关费用后的余额,本期利润为本期已实现收益加上本期公允价值变动损益。2、所述基金业绩指标不包括持有人认购或交易基金的各项费用,计入费用后实际收益水平要低于所列数字。3.2 基金净值表现3.2.1 本报告期基金份额净值增长率及其与同期业绩比较基准收益率的比较
              净值增      净值增长率    业绩比较基准     业绩比较基准收
    阶段                                                                        ①-③      ②-④
              长率①        标准差②      收益率③       益率标准差④过去三
                -0.44%          0.74%           2.27%               0.79%      -2.71%       -0.05%个月
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                                                  建信新兴市场股票(QDII)2014 年第 1 季度报告3.2.2 自基金合同生效以来基金累计净值增长率变动及其与同期业绩比较基准收益率
      变动的比较注:1、同期业绩比较基准计价以人民币计价。2、本报告期,本基金的投资组合比例符合基金合同的要求。
                                    §4 管理人报告4.1 基金经理(或基金经理小组)简介
                     任本基金的基金经理期限      证券从业年
    姓名      职务                                                            说明
                      任职日期       离任日期        限
                                                                美国哥伦比亚大学商学院
                                                                MBA。曾任美国美林证券公司
                                                                研究员、高盛证券公司研究
          海外投资                                              员、美林证券公司投资组合
          部总监、   2011 年 6 月                               策略分析师、美国阿罗亚投
    赵英楷                                  -              15
          本基金的      21 日                                   资公司基金经理;2010 年 3
          基金经理                                              月加入建信基金管理有限责
                                                                任公司,历任海外投资部执
                                                                行总监、总监。2011 年 4 月
                                                                20 日起任建信全球机遇股票
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                                              建信新兴市场股票(QDII)2014 年第 1 季度报告
                                                            基金基金经理,2011 年 6 月
                                                            21 日起任建信新兴市场股票
                                                            基金基金经理,2012 年 6 月
                                                            26 日起任建信全球资源股票
                                                            型证券投资基金基金经理。4.2 境外投资顾问为本基金提供投资建议的主要成员简介
    姓名       在境外投资顾问所任职务       证券从业年限                    说明
                                                               Mohammed Zaidi 是信安环
                                                               球股票的基金经理。他在
                                                               新加坡办公,担任全球新
                                                               兴市场股票策略的共同基
                                                               金经理及新兴亚洲股票策
                                                               略负责人。Mohammed 的职
                                                               业生涯开始于 1997 年,在
                                                               全球宏观对冲基金管理人
                                                               VZB Capital 担任新兴市
                                                               场分析师及基金经理。他
                                                               在 2001 年作为新兴市场
                                                               股票分析师加入信安,专
                                                               注于基础选股工作,并且
    Mohammed                                                       是负责信安内部研发的全
           投资组合经理                         16
    Zaidi                                                         球研究平台(GRP)初始搭
                                                               建的核心分析师之一。他
                                                               专注于将 GRP 调整适用于
                                                               新兴市场和亚洲股票。在
                                                               2006 年离开公司后,他曾
                                                               经担任 Martin Currie 投
                                                               资管理公司的新兴市场基
                                                               金经理和分析师。在那之
                                                               前服务于该团队的前任雇
                                                               主 Scottish Widows 投资
                                                               合伙公司。他持有麻省理
                                                               工学院斯隆管理学院 MBA
                                                               学位,宾夕法尼亚大学沃
                                                               顿学院经济学学士学位。
                                                               王曦在信安担任香港和中
                                                               国投资组合的基金经理,
                                                               他也是我们的高级投资分
    王曦     投资组合经理                         13
                                                               析师和大中华区研究团队
                                                               负责人。王曦的金融职业
                                                               生涯开始于中国银行总
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                                       建信新兴市场股票(QDII)2014 年第 1 季度报告
                                                        行,担任财务总监执行助
                                                        理超过 3 年时间,也为该
                                                        行 IPO 准备工作提供支
                                                        持。王曦在 2003 年加入信
                                                        安,担任香港和中国股票
                                                        市场的基金经理以及亚洲
                                                        和新兴市场策略的助理基
                                                        金经理。作为全球研发团
                                                        队的资深成员,王曦也负
                                                        责我们全球研究平台
                                                        (GRP)的模型搭建,特别
                                                        是亚洲和大中华选股模
                                                        型。他也曾在建设银行和
                                                        信安的中国合资公司成立
                                                        之初时任高级顾问。王曦
                                                        在 2008 年离开信安,曾在
                                                        中国平安资产管理公司
                                                        (香港)担任股票投资总
                                                        监,也曾任贝莱德亚洲的
                                                        基金经理。王曦持有爱荷
                                                        华大学 Tippie 管理学院
                                                        的 MBA 学位,中国人民大
                                                        学经济学和国际金融学士
                                                        学位。他执有特许金融分
                                                        析师(CFA)资格。
                                                        Mihail Dobrinov 是信安
                                                        环球股票的基金经理。他
                                                        领导新兴市场团队,包括
                                                        亚洲、拉丁美洲、东欧、
                                                        中东和非洲的股票市场。
                                                        他负责监督分散化新兴市
                                                        场组合和专门的亚洲地区
                                                        股票策略。在 1995 年,
                                                        Mihail 最初以国际和新兴
    Mihail                                                 市场债务和货币专家身份
           投资组合经理                  18
    Dobrinov                                                加入信安。他在 2002 年加
                                                        入股票团队,并且在 2007
                                                        年被任命为新兴市场股票
                                                        的基金经理。Mihail 的基
                                                        本研究经验包括许多不同
                                                        的经济板块,特别专注于
                                                        工业、原材料和能源公司。
                                                        他的覆盖领域包括工业和
                                                        电信板块的公司。Mihail
                                                        从 University of Iowa 取
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                                                建信新兴市场股票(QDII)2014 年第 1 季度报告
                                                                 得金融 MBA 学位,并从
                                                                 Sofia        University,
                                                                 Bulgaria 取得一个法学学
                                                                 位。他获得了使用特许金
                                                                 融分析师称号的权利并且
                                                                 是 CFA Institute 的成员。4.3 报告期内本基金运作遵规守信情况说明
    本报告期内,本基金管理人不存在损害基金份额持有人利益的行为。基金管理人勤勉尽责地为基金份额持有人谋求利益,严格遵守《证券法》、《证券投资基金法》、其他有关法律法规的规定和《建信新兴市场优选股票型证券投资基金基金合同》的规定。4.4 公平交易专项说明4.4.1 公平交易制度的执行情况
    为了公平对待投资人,保护投资人利益,避免出现不正当关联交易、利益输送等违法违规行为,公司根据《证券投资基金法》、《证券投资基金管理公司内部控制指导意见》、《证券投资基金公司公平交易制度指导意见》、《基金管理公司特定客户资产管理业务试点办法》等法律法规和公司内部制度,制定和修订了《公平交易管理办法》、《异常交易管理办法》、《公司防范内幕交易管理办法》、《利益冲突管理办法》等风险管控制度。公司使用的交易系统中设置了公平交易模块,一旦出现不同基金同时买卖同一证券时,系统自动切换至公平交易模块进行操作,确保在投资管理活动中公平对待不同投资组合,严禁直接或通过第三方的交易安排在不同投资组合之间进行利益输送。4.4.2 异常交易行为的专项说明
    本报告期内未出现所有投资组合参与的交易所公开竞价同日反向交易成交较少的单边交易量超过该证券当日成交量的 5%的情况。本报告期,未发现本基金存在异常交易行为。4.5 报告期内基金的投资策略和业绩表现说明4.5.1 报告期内基金投资策略和运作分析
    新兴市场 1 季度继续呈震荡走势,新兴市场主要国家经济弱增长,投资人对美国货币宽松政策的解读,乌克兰事件等因素主导了本季度新兴市场行情。
    进入一季度,中国经济增速出现疲软迹象,工业 PMI 环比数据连续下行,固定资产投资和零售处于历史同期偏低水平,人民币在本季度也出现了较大幅度的贬值,另外中央政府要求加大对影子银行的监管力度,一些信托产品出现兑付问题,房地产价格在某些城市开始降价,少数地产
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                                                   建信新兴市场股票(QDII)2014 年第 1 季度报告商资金链条断裂。我们认为中国经济转型需要对金融市场进行规范,加强监管力度将长期利好中国的持续发展,人民币贬值有利于提升出口产品的竞争力并打击热钱的流入,但另一方面短期“利空”消息往往加剧了投资人对中国经济“硬着陆”的担忧,所以中国市场在一季度的前半期主要呈下跌走势。三月份随着中国政府保增长政策的推出,中国市场出现了触底反弹,并且带动了其他新兴市场行情,在短短两个星期基本收复了前期损失。美国量化宽松政策的退出和投资人对美国货币宽松政策的解读也加剧了新兴市场的震荡。三月末美联储关于“美国宽松的货币政策将延续一段时间”的论述推动了新兴市场的上行行情,但在一月份,随着美国 QE 的持续缩减,一些新兴市场国家,如阿根廷、土耳其等出现了新一轮货币贬值,印度、巴西、俄罗斯较高的通胀水平迫使这些国家央行提高利率,采取紧缩政策对抗通胀并且防止货币的进一步贬值。目前这些国家的经济数据停留在弱势水平,经济先行指标徘徊在增长与收缩之间,GDP 处于近期历史较低水平。乌克兰事件也在本季度前期造成了市场的动荡,我们认为乌克兰事件的风险已经大幅降低,未来对市场的影响可能有限。4.5.2 报告期内基金的业绩表现
      本报告期基金净值增长率-0.44%,波动率 0.74%,业绩比较基准收益率 2.27%,波动率 0.79%。4.6 管理人对宏观经济、证券市场及行业走势的简要展望
      展望未来,我们认为新兴市场将延续震荡行情。目前新兴市场的主要优势在于整体估值水平较低,市场一定程度上已经反映了主要新兴市场国家经济疲软的现状。一方面与消费和科技相关的优质公司不断得到市场的认可,另一方面市场在过度下跌后部分蓝筹股的价值开始显现,这也是 3 月下旬上涨行情的主要原因之一。我们仍然对中长期新兴市场主要国家的经济转型持谨慎观点,认为新的经济增长引擎需要一定时间和相应宽松政策的培育,所以我们认为未来市场的主要特征主要体现在两方面,一是由于经济基本面较弱,压制了市场上行高度,同时由于上述原因在市场下跌后存在反弹机会,所以市场呈震荡走势;二是在经济转型的过程中市场更多的是结构性的机会,与消费、高科技、环保等相关的产业链可能继续受到投资者青睐。我们将继续加强对行业、个股的研究,在控制风险的前提下为投资人创造超额收益。
                                  §5 投资组合报告5.1 报告期末基金资产组合情况
    序号                项目             金额(人民币元 )          占基金总资产的比例(%)
    1      权益投资                            70,847,922.04                              86.12
         其中:普通股                        49,154,110.77                              59.75
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                                                 建信新兴市场股票(QDII)2014 年第 1 季度报告
                优先股                      1,875,251.72                               2.28
                存托凭证                   19,818,559.55                              24.09
                房地产信托凭证                           -                                 -
    2      基金投资                           3,133,639.81                               3.81
    3      固定收益投资                                    -                                 -
         其中:债券                                      -                                 -
                资产支持证券                             -                                 -
    4      金融衍生品投资                                  -                                 -
         其中:远期                                      -                                 -
                期货                                     -                                 -
                期权                                     -                                 -
                权证                                     -                                 -
    5      买入返售金融资产                                -                                 -
         其中:买断式回购的买入
                                                         -                                 -
         返售金融资产
    6      货币市场工具                                    -                                 -
         银行存款和结算备付金
    7                                         8,063,461.37                               9.80
         合计
    8      其他资产                             218,953.32                               0.27
    9      合计                              82,263,976.54                             100.005.2 报告期末在各个国家(地区)证券市场的股票及存托凭证投资分布
         国家(地区)             公允价值(人民币元)        占基金资产净值比例(%)
    美国                                         24,923,715.73                            30.66
    中国香港                                     12,883,089.33                            15.85
    韩国                                          9,273,219.22                            11.41
    南非                                          4,335,456.14                             5.33
    巴西                                          4,117,676.48                             5.07
    英国                                          4,117,484.07                             5.06
    马来西亚                                      3,301,659.67                             4.06
    墨西哥                                        1,763,907.86                             2.17
    印尼                                          1,745,817.98                             2.15
    波兰                                          1,560,052.64                             1.92
    泰国                                          1,537,117.57                             1.89
    希腊                                            912,318.14                             1.12
    菲律宾                                          376,407.21                             0.46
    合计                                         70,847,922.04                            87.155.3 报告期末按行业分类的股票及存托凭证投资组合
           行业类别               公允价值(人民币元)        占基金资产净值比例(%)
    非必需消费品                                 9,069,755.20                             11.16
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                                                       建信新兴市场股票(QDII)2014 年第 1 季度报告
    必需消费品                                       3,734,008.67                                4.59
    能源                                             8,703,058.86                               10.71
    金融                                            17,344,075.92                               21.33
    医疗保健                                         2,960,098.24                                3.64
    工业                                             1,690,317.45                                2.08
    信息技术                                        15,547,107.50                               19.12
    材料                                             5,241,412.48                                6.45
    电信服务                                         3,885,618.46                                4.78
    公用事业                                         2,672,469.26                                3.29
             合计                               70,847,922.04                               87.15注:以上分类采用全球行业分类标准(GICS)。5.4 报告期末按公允价值占基金资产净值比例大小排序的前十名股票及存托凭证投资
    明细
                                                  所     所
                          公司                    在     属                                占基金
    序                       名称                    证     国       数量    公允价值(人     资产净
       公司名称 (英文)            证券代码
    号                       (中                     券     家     (股)      民币元)       值比例
                          文)                     市     (地                               (%)
                                                  场     区)
                                                  纽
                                                  约
            TAIWAN                                证
                          台积                            美
    1     SEMICONDUCTOR-SP          US8740391003     券             33,655   4,145,119.49        5.10
                          电                              国
             ADR                                  交
                                                  易
                                                  所
                                                  伦
                                                  敦
           HON HAI                                国
                                                          英
    2      PRECISION-GDR     鸿海   US4380902019     际             79,470   2,803,883.86        3.45
                                                          国
            REG S                                 交
                                                  易
                                                  所
                                                  韩
                                                  国
                          三星
          SAMSUNG                                 证
                          电子                            韩
    3     ELECTRONICS CO            KR7005930003     券                288   2,234,849.68        2.75
                          有限                            国
            LTD                                   交
                          公司
                                                  易
                                                  所
                                                  香      中
       TENCENT HOLDINGS
    4                        腾讯   KYG875721485     港      国      4,300   1,839,757.04        2.26
             LTD
                                                  证      香
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                                                     建信新兴市场股票(QDII)2014 年第 1 季度报告
                                                券      港
                                                交
                                                易
                                                所
                                                香
                                                港
                                                        中
                                                证
      BANK OF CHINA      中国                           国
    5                                CNE1000001Z5   券           633,000    1,726,882.24        2.12
          LTD-H          银行                           香
                                                交
                                                        港
                                                易
                                                所
                                                巴
                                                西
                                                证
       ITAU UNIBANCO                                    巴
    6                          -     BRITUBACNPR1   券             15,180   1,403,628.00        1.73
      HOLDING S-PREF                                    西
                                                交
                                                易
                                                所
                                                纽
                                                约
                         塔塔
                                                证
        TATA MOTORS      汽车                           美
    7                                US8765685024   券              6,291   1,370,468.31        1.69
       LTD-SPON ADR      有限                           国
                                                交
                         公司
                                                易
                                                所
                                                香
                                                港
                                                        中
                         中国                   证
                                                        国
    8       CNOOC LTD        海洋    HK0883013259   券           144,000    1,331,562.67        1.64
                                                        香
                         石油                   交
                                                        港
                                                易
                                                所
                                                南
                                                非
                         纳斯
                                                证
                         派斯                           南
    9    NASPERS LTD-N SHS           ZAE000015889   券              1,958   1,330,083.20        1.64
                         有限                           非
                                                交
                         公司
                                                易
                                                所
                                                纽
                                                约
                         Wipro
                                                证   美
    10    WIPRO LTD-ADR       有限   US97651M1099                  15,434   1,272,350.25        1.57
                                                券   国
                          公司
                                                交
                                                易
                                    第 11 页 共 14 页
                                                     建信新兴市场股票(QDII)2014 年第 1 季度报告
                                                所注:所用证券代码采用 ISIN 码。5.5 报告期末按债券信用等级分类的债券投资组合无。5.6 报告期末按公允价值占基金资产净值比例大小排序的前五名债券投资明细无。5.7 报告期末按公允价值占基金资产净值比例大小排序的前十名资产支持证券投资明
    细无。5.8 报告期末按公允价值占基金资产净值比例大小排序的前五名金融衍生品投资明细无。5.9 报告期末按公允价值占基金资产净值比例大小排序的前十名基金投资明细
                                    运作方                       公允价值(人     占基金资产
    序号     基金名称       基金类型               管理人
                                      式                           民币元)       净值比例(%)
          SPDR S&P                  交易型   State Street B
    1       500 ETF         ETF      开放式   ank and Trust       2,071,239.81              2.55
            TRUST                     指数       Company
         INDUSTRIAL                 交易型   State Street B
    2     SELECT SECT       ETF      开放式   ank and Trust       1,062,400.00              1.31
            SPDR                      指数       Company5.10 投资组合报告附注5.10.1 本基金该报告期内投资前十名证券的发行主体均无被监管部门立案调查和在
      报告编制日前一年内受到公开谴责、处罚。5.10.2 基金投资的前十名股票未超出基金合同规定的投资范围。5.10.3 其他资产构成
    序号                   名称                                 金额(人民币元)
    1     存出保证金                                                                            -
    2     应收证券清算款                                                                        -
    3     应收股利                                                                    172,590.45
    4     应收利息                                                                        729.01
    5     应收申购款                                                                    6,594.54
    6     其他应收款                                                                            -
    7     待摊费用                                                                              -
                                     第 12 页 共 14 页
                                                  建信新兴市场股票(QDII)2014 年第 1 季度报告
    8      其他                                                                     39,039.32
    9      合计                                                                    218,953.325.10.4 报告期末持有的处于转股期的可转换债券明细无。5.10.5 报告期末前十名股票中存在流通受限情况的说明无。
                              §6 开放式基金份额变动
                                                                                    单位:份
    报告期期初基金份额总额                                                        95,646,248.95
    报告期期间基金总申购份额                                                         391,197.26
    减:报告期期间基金总赎回份额                                                    6,117,875.07报告期期间基金拆分变动份额(份额减少以"-"
                                                                                            -填列)
    报告期期末基金份额总额                                                        89,919,571.14
                  §7 基金管理人运用固有资金投资本基金情况7.1 基金管理人运用固有资金投资本基金交易明细无。
                                  §8 备查文件目录8.1 备查文件目录
       1、中国证监会批准建信新兴市场优选股票型证券投资基金设立的文件;
       2、《建信新兴市场优选股票型证券投资基金基金合同》;
       3、《建信新兴市场优选股票型证券投资基金招募说明书》;
       4、《建信新兴市场优选股票型证券投资基金托管协议》;
       5、基金管理人业务资格批件和营业执照;
       6、基金托管人业务资格批件和营业执照;
       7、报告期内基金管理人在指定报刊上披露的各项公告。
                                    第 13 页 共 14 页
                                               建信新兴市场股票(QDII)2014 年第 1 季度报告8.2 存放地点
    基金管理人或基金托管人处。8.3 查阅方式
    投资者可在营业时间免费查阅。也可在支付工本费后,在合理时间内取得上述文件的复印件。
                                                          建信基金管理有限责任公司
                                                                  2014 年 4 月 22 日
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