Recently, in the selection of the 12th “Golden Bull Award” in the fund industry, ICBC Credit Suisse Asset Management Co., Ltd has been named 2014 “Golden Bull Fund Management Company”, and “Golden Bull Bond Investment Company” for its outstanding performance in stock and bond funds and overall strength. In addition, ICBC financial real estate stock fund managed by ICBC Credit Suisse won the “Golden Bull Stock Fund”. ICBC Tianyi won the “Golden Bull Three-Year Bond Fund Outperforming Consistently”. ICBC CSI 300 won the “Golden Bull Index Fund”.
Data show that in 2014, the yield rate of ICBC financial real estate fund and ICBC information industry fund run by ICBC Credit Suisse stood at 102.49% and 64.31%, ranking the first and the third among stock funds, respectively. Average yield rate of its stock funds established for a year or above was 42.52%, 11 percentage points higher than the industry average. In terms of fixed income, ICBC Credit Suisse has continued with leading performance. In 2014, its bond fund established for a year or above delivered an average return on investment of 27.22%, 8 percentage points higher than the industry average. Its 12 products ranked the top ten in performance. Specifically, ICBC Tianyi, which targets at demand for pension wealth management, extended its long-leading advantages in performance. The A and B-type both saw yield rate exceed 43%, ranking the top among peers. ICBC CSI 300 Index fund saw its yield rate stand at 51.44%, defeating 94% of the active stock funds on the market and nearly 20 percentage points higher than the average yield rate of active stock funds (31.51%). Meanwhile, the management fee of ICBC CSI 300 is 0.5%, with a custody fee of 0.1%. It is one of the CSI 300 funds with the lowest management fee and custody fee in the current market, which can provide investors with higher gains from the bull market at lower costs.
As the first bank-backed fund company in China, ICBC Credit Suisse ranks among the top three by the scale of public funds and total assets under management. By the end of 2014, assets managed by ICBC Credit Suisse had amounted to nearly RMB 600 billion, of which the scale of public funds exceeded RMB 250 billion. It has offered professional asset management services to more than eight million public fund customers and multiple annuity and special account customers.
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