China Merchants CSI Liquor Index is a stock-based open-end investment fund issued by China Merchants Fund Management Co., Ltd.

Full name of the fund: China Merchants CSI Liquor Index Securities Investment Fund

Fund abbreviation: China Merchants CSI Liquor Index

Fund code: 16 1725

Fund Manager: Hou Hao, graduate student; Joined China Merchants Fund Management Co., Ltd. in July 2009. He used to be the risk control manager of the risk management department, assistant investment manager and investment manager of the quantitative investment department, and now he is the fund manager of the global quantitative department.

Extended data

Investment objective: The Fund conducts passive indexed investment, and through strict investment discipline and quantitative risk management, it can effectively track the underlying index and obtain similar returns to the underlying index. The investment objective of the Fund is to keep the absolute value of the daily average tracking deviation between the net income of the Fund and the performance comparison benchmark within 0.35% and the annual tracking error within 4%.

Performance benchmark: yield of CSI Liquor Index *95%+ benchmark interest rate of RMB demand deposits of financial institutions (after tax) *5%.

The Fund's assets invested in stocks are not less than 85% of the fund's assets, and the assets invested in CSI Liquor Index constituent stocks and alternative constituent stocks are not less than 90% of the stock assets and not less than 80% of the non-cash assets;

At the end of each trading day, after deducting the trading margin required for stock index futures contracts, the Fund maintains cash of not less than 5% of the fund's net asset value or government bonds with a maturity of less than one year. Among them, cash assets do not include settlement reserve, deposit, subscription receivable, etc.

References:

China Merchants Fund-China Merchants CSI Liquor Index Securities Investment Fund Product Information Summary Update

References:

China Merchants Fund-China Merchants CSI Liquor Index (16 1725)