AMP Capital China Growth Fund

Fund overview

The AMP Capital China Growth Fund provides investors with access to China A shares – which are shares in Chinese companies listed on the Shanghai or Shenzhen stock exchanges. As this fund is listed on the ASX, investments can only be made by talking to your broker.

Current net asset value as at 28 February 2010

	$
Net asset value per unit (ex distribution)	$1.15

Change in net asset value – 28 February 2010

	12 months to 28 February 2010	Since inception (22 December 2006)
Change in net asset value (adjusted to include distributions)	2.2%	44.2%

Largest 5 stock positions as at 28 February 2010

Stock	Sector	Industry	Fund weight
Gree Electric Appliances	Consumer discretionary	Household durables	4.5%
China Vanke	Financials	Real estate	4.4%
Citic Securities	Financials	Capital markets	4.3%
Ind & Comm Bank of China	Financials	Commercial banks	4.2%
Suning Appliances	Consumer discretionary	Speciality retail	3.9%

Sector weights as at 31 December 2009

Sector	Weight in fund
Consumer discretionary	11%
Consumer staples	3%
Energy	10%
Financials	41%
Health care	4%
Industrials	13%
Information technology	1%
Materials	11%
Telecommunication services	0%
Utilities	0%
Multi-sector	5%

Fund Facts

Investment Objective	To achieve long term capital growth, with a focus on investing in China A shares. To outperform the S&P/CITIC 300 Total Return index (expressed in Australian dollar).
Investment Approach	The Fund utilises the expertise of the investment manager, sub-advisors and Chinese brokers to identify suitable investment opportunities in the Chinese share market at a sector and stock level, and investing in stocks that show the potential for capital growth, based on the results of detailed financial and company analysis.
Inception date	21 Nov 2006 - Wholesale
Benchmark	S&P/CITIC 300 Total Return
Access	As this Fund is listed on the Australian Securities Exchange (ASX), trading of units must be conducted through an ASX registered stockbroker. The ASX website www asx.com.au can provide further details on ASX registered stockbrokers.