CAF
From China Stock Market
Contents |
Morgan Stanley China A-Share Fund
While FXI iShare FTSE/Xinhua China 25 Index is an index fund that invests in Chinese public companies that are traded on Hong Kong Stock Exchange, Morgan Stanley China A-Share is closed-end fund that is another choice for you to invest in China A-Share companies.
The Morgan Stanley's China A Share Fund is a $604 million fund launched in September 2006. It has seen the value of its holdings rise 89% this year, more than capturing the 59% gain in the benchmark Shanghai Composite Index since the beginning of the year -- even after a nearly 9% plunge in late February.
How To Invest
Morgan Stanley China A-Share Fund is traded under stock symbol CAF.
Key Development
Due to perceived downside risk in investing in China A share stocks, the Morgan Stanley's China A Share Fund is traded at a large discount to its underlying stock value. The discount is at about 20% when last checked in June, 2007.
CAF Top Holdings
The top holdings in CAF include a large percentage of commercial banks in China (25% of total portfolio). The second largest sector in CAF's holding is Oil, Gas and Consumable fuels (18%), followed by metals and mining (16%). Largest individual stocks in the CAF portfolio are:
Air China Ltd, China Construction Bank Corp, Industrial & Commercial Bank of China Ltd, China COSCO Holdings Co, Jiaozuo Wanfang Aluminum Manufacturing Co. Ltd, Shanxi Xishan Coal & Electricity Power Co. Ltd, Daqin Railway Co. Ltd, China Coal Energy Co. Wuhan Iron & Steel Co. Ltd. Guangxi Liugong Machinery Co. Ltd.
Other Stocks
