From January 16th to 31st 2008, 15 CCB branches will for the first time undertake consignment sales of an insurance company fund—the “Ping An Investment Fund”, and will handle subscription applications from investors. People in the industry opine that the debut of this type of investment product offers to investors an integrative, professional and prudent way of investment and opens up a new investment channel to the public.
The Ping An Investment Fund currently under consignment sales by CCB is an integrative investment product operating as a fund. It will strive to bring long-term, sustained and steady earnings to investors by capturing profits in bull markets and by sound risk controls. With its ratio of investment in stocks at 0-70%, it will have a good balance of risk and earnings and is amenable to both offensive and defensive strategies. As such, it is suitable for the current market environment which has good long-term prospects but is experiencing violent fluctuations in the short term. In addition, it offers a sweetener by having an insurance protection function: investors holding this product will obtain home asset insurance protection equivalent to 200% of their individual account value.
The investment manager of Ping An Investment Fund, Ping An Asset Management Company, is a member of the China Ping An Group. With over 20 years of experience in investment management, it is one of the more influential institutional investors in
Each unit of the Ping An Investment Fund has a face value of RMB1; minimum subscription amount is RMB5,000; subscription fee is 1.00% and handling fee is the same as other funds. Subscription and redemption will be handled on every dealing day. This product will be on sale in CCB branches in
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