Important Notes The information contained in this brochure are for information purposes only and do not constitute an offer, a solicitation of an offe

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尘甭卫
5 years ago
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1 Discretionary Portfolio Management Services

2 Important Notes The information contained in this brochure are for information purposes only and do not constitute an offer, a solicitation of an offer or invitation, advertisement, inducement, representation of any kind or form whatsoever or any advice or recommendation to buy or sell any securities referred to herein. Investment involves risks. Potential investors are responsible for determining whether any investment, strategy or service is appropriate or suitable for them based on their investment objectives and personal and financial situation. Past performance, projection, or forecast included in this brochure is not a guide to future returns and investors should be aware that they may not get back the full amount invested.

Centaline Property Agency Ltd. and Ricacorp Properties Ltd.

3 Centaline Group 1978 Under Mr. Shih's leadership since 1978, Centaline has grown and thrived to become the forefront of today's real estate agency in Hong Kong, Macau, Taiwan and China, together with the renowned subsidiaries Centaline Property Agency Ltd. and Ricacorp Properties Ltd. Centaline Wealth Management Limited (CWM) Company Information Member of Centaline Group [ AJF358] Licensed Corporation under the Securities and Futures Commission [CE # AJF358] (For the regulated activities of Dealing in Securities, Advising on Securities and Asset Management ) [ M-285] Member of Professional Insurance Brokers Association [Members # M-285] [ IC000602] Registered MPF Corporate Intermediary [Registration # IC000602] Over HK$ 1.3 Billion Assets Under Administration (AUA) in Centaline Financial Services Services Include Discretionary Portfolio Management Services (DPMS) Mutual Funds Investment Solutions Asset Management Services Investment Advisory Services Centaline Wealth Management Discretionary Portfolio Management Services

4 全權委託投資組合管理服務 Discretionary Portfolio Management Services (DPMS) 中原資產管理誠意推出全權委託投資組合管理服務 (DPMS) 藉著我們專業及經驗豐富的投資團隊為客戶提供更有效率之多元化投資組合部署為您輕鬆達成投資目標中原資產管理有中原集團作為強大後盾除了各方面的支援中原集團更投放了 4.7 億元於我們的全權委託投資組合內另一方面由我們投資團隊於 2005 年 10 月起成立的模擬進取基金組合不但跑贏大市而且更有可觀的回報 Centaline Wealth Management Limited (CWM) provides Discretionary Portfolio Management Services (DPMS) where our experienced investment team will construct a personalized portfolio after thorough researches backed by their expertise, ensuring your investment portfolio remains optimally structured to meet your investment objective. Having Centaline Group backing us up is one of our many advantages. Along with other various support, the Group has invested HK$470 million into our DPMS portfolio. The sample aggressive portfolio established by our investment team since October 2005 had also made an impressive performance, proven through our track record. 中原資產管理模擬進取基金組合與香港恆生指數的回報比較 2005 年 10 月 1 日至 2010 年 12 月 31 日 Comparison between CWM Sample Aggressive Portfolio and Hang Seng Index (1 Oct 2005 to 31 Dec 2010) 累積回報 Accumulated Return 年度化回報 Annualized Return 中原資產管理模擬進取基金組合 CWM Sample Aggressive Portfolio 88.01% 11.90% 香港恆生指數 Hong Kong Hang Seng Index 49.30% 7.54% * 資料來源中原資產管理彭博 *Source: CWM, Bloomberg 客戶可透過參與全權委託投資組合管理服務 (DPMS) 把閣下之投資計劃的管理權委託給我們的投資團隊讓我們根據閣下的風險承受能力財政狀況投資風格及理財目標作出貼身貼心的安排並於瞬息萬變的投資市場中即時出擊為閣下的投資組合降低風險同時亦帶來理想的回報我們會透過不同資產類別不同地區不同投資工具為你度身訂造全面的全權委託投資組合 By taking part in the DPMS and passing the responsibility for investment decisions to us, our team which comprised of professional analysts, investment strategists and product specialists will work to construct a personal investment strategy devised for you, giving you a better possible returns within agreed investment objectives and risk guidelines, as our portfolio managers have the flexibility to react promptly to fast moving markets and changing economic circumstances. Amongst the traditional asset classes of equities, bonds and cash - in addition with investing in alternative investment e.g. real estate funds, hedge funds, and commodities funds as appropriate, we work as your personal advisers to provide the most suitable actively managed portfolio tailored to your requirements. 中原資產管理全權委託投資組合管理服務

5 (DPMS) Benefits of DPMS Prompt Action (DPMS) It is increasingly important today to act swiftly in response to changing market conditions. Without the workload of investment administration and delays inherent in obtaining your prior approval to undertake transactions, we can react quickly to opportunities within the markets as they arise. Professional Strategic Investment (DPMS) Our discretionary portfolio will usually be invested in a combination of international equities, bonds and alternative investments, which is designed to optimize returns across the spectrum from balance to aggressive allocations. Our investment teams active monitors and evaluates the portfolios' suitability in light of dynamic market conditions. Risk Management Our experienced investment teams ensure your portfolio is tracked, monitored and optimized at all times, whilst taking all the multi-dimensional investment risk into account. Centaline Wealth Management Discretionary Portfolio Management Services

6 (DPMS) DPMS with CWM 2008 (DPMS) We Build WEALTH With You The public found one of the most gutting approaches amongst the financial industry after the Financial Tsunami in 2008 is that investment decision were often made against the client's will, ignoring the client's overall benefits, risk tolerance level and objectives. As a member of Centaline Group, with We Build WEALTH With You as our motto, our group took the lead and invested HK$150 million into Centaline's DPMS. The total amount of capital invested had accumulated to HK$500 million as of December 2010; this is a testament to our confidence. We put our client's benefit as our utmost priority. Being a responsible wealth management company, we truly believe Actions Speak Louder than Words', therefore we lined up our returns with you.

7 中原資產管理的投資決策監察機制 Monitoring System for CWM Investment Strategy 從環球的經濟數據如利率通脹率國民生產總值增長和失業率等配以日常的觀察及政治和歷史等因投資委員會 Investment Committee 素分析判斷未來 6 至 12 個月整體的經濟走勢及所處之經濟週期再決定有利資產配置的大方向以從上而下的方法建立資產分佈 Asset allocation using the Top-Down Approach Based on global economic data, like interest rates, inflation rates, GDP growth and unemployment rates, whilst also taking daily observations and past history into account to predict the business cycle and the trend of the market 估值 : 以基本的分析衡量各地股市的合理估值微觀操作篩選投資項目量化 : 除分析不同基金的投資風格及長線表現外亦會以統計方法評估資產組合的波幅度 Micro-operation, filtering investment options 行為金融 : 根據相反理論買入被不合理拋售的投資分析團隊 Analysts Team Valuation : Analyzing from the fundamentals to predict the reasonableness of the worldwide stock market's valuation Quantitative : Apart from analyzing the spectrum and the long-term performances of different funds, statistical methods are also applied to the assessment of the portfolio's volatility Behavioral : Buy specific investments which have Finance become mispriced according to Contrarian Theory 組合經理 Portfolio Managers 集合以上的資訊加上積累多年的投資經驗訂立各投資組合的投資比重和買賣策略 Gathering all the above information backed by personal solid experience to build the investment portfolios and execute buy/sell strategies 由經驗豐富的組合經理作最後決策 Experienced Portfolio Managers to make the final decisions Centaline Wealth Management Discretionary Portfolio Management Services

8 中原資產管理的投資組合表現出色 Outstanding Performance of CWM Investment Portfolio 自 2005 年開始中原資產管理投資團隊所成立的模擬進取基金組合成功跑贏大市比對香港恆生指數和國際性的基準 MSCI 世界指數都有更高的回報我們的模擬進取基金組合自 2010 年底已錄得 88.01% 總回報證明透過專業的資產配置和審慎的組合管理投資策略能有效地為投資者減低風險和增加長線回報 Since 2005, the CWM Sample Aggressive Portfolio invested by our professional investment team has a proven impressive performance record. Compared to the Hang Seng Index (HSI), our aggressive portfolio has yielded 88.01% total return, higher than HSI's 49.30%. 中原資產管理模擬進取基金組合與指數的詳細比較 2005 年 10 月 1 日至 2010 年 12 月 31 日 Comparison between CWM Sample Aggressive Portfolio and Index (1 Oct 2005 to 31 Dec 2010) 回報 Return 年度化回報 Annualized Return 年度化風險 Annualized Risk 中原資產管理模擬進取基金組合 CWM Sample Aggressive Portfolio 88.01% 11.90% 30.68% 18.58% 65.52% % 46.12% 香港恒生指數 Hong Kong Hang Seng Index 49.30% 7.54% 29.88% 5.32% 52.02% % 39.31% MSCI 世界指數 MSCI World Index 4.55% 0.84% 18.80% 9.55% 26.98% % 7.09% * 資料來源中原資產管理彭博 *Source: CWM, Bloomberg 風險與回報 Risk and Return 投資組合價值 Investment Portfolio Value 以一百萬投資額計 $1 Million Invested 回報 (Return) 金額 ($) 100% 2,500,000 2,000,000 60% 1,500,000 1,000,000 20% 500,000 中原資產管理模擬進取基金組合 CWM Sample Aggressive Portfolio 香港恆生指數 Hong Kong Hang Seng Index MSCI 世界指數 MSCI World Index 中原資產管理全權委託投資組合管理服務年 (Year) 中原資產管理模擬進取基金組合 CWM Sample Aggressive Portfolio $1,880,010 香港恆生指數 Hong Kong Hang Seng Index $1,493,000 MSCI 世界指數 MSCI World Index $1,004,550 0 O ct O ct O ct ct 2 O ct % O 風險 (Risk) 30% O 20% 5 10% 00 0% ct 2-20%

(Exclude the fund units allocated during the Initial Contribution Period (ICP). * The related fees will be deducted from your investment portfolio in terms of fund units.

9 Service Fees Lump Sum Investment Plan / Investment Linked Assurance Scheme 1% 1% of the Net Asset Value (NAV) of your investment portfolio. Regular Saving Investment Plan / Investment Linked Assurance Scheme 1% 1% of the Net Asset Value (NAV) of your investment portfolio. (Exclude the fund units allocated during the Initial Contribution Period (ICP). * The related fees will be deducted from your investment portfolio in terms of fund units. ** (DPMS) Full service fees will be charged from starting the use of the Discretionary Portfolio Management Services (DPMS), the payment dates of the service fees will be according to the selected investment plan or investment linked assurance scheme. (By monthly, quarterly or annually) General Disclaimer The information herein is provided in good faith and has been obtained and derived from sources believed to be reliable and accurate at the date indicated. However, we have not verified all the information and we do not represent that it is accurate or complete for your purpose and it should not be relied upon as such. We may not, and have no obligation to, update the information or correct any inaccuracy which subsequently becomes apparent. Opinions, estimates and other information contained herein may be changed or withdrawn without prior notice. Investors should consider their own investment objective and risk tolerance level before any investment decision is made. Centaline Wealth Management Discretionary Portfolio Management Services

Risk Factors Clients should be aware that the portfolio's returns and performance would be affected by many risk factors, including: General Past performance is not necessarily a guide to future

10 Risk Factors Clients should be aware that the portfolio's returns and performance would be affected by many risk factors, including: General Past performance is not necessarily a guide to future performance. The value of your investment and any income you take from it can go down as well as up. If you cash in your investment, its value may be less than you have originally invested. Investment Objectives Investment objectives reflect the portfolios' expected return, but it's not a guarantee. Returns and volatility depends on the market condition and macro-economic environment, therefore it is possible that the expected return cannot be reached. Currency This arises from the change in price of one currency against another. Whenever investors or companies have assets or business operations across national borders, they face currency risk if their positions are not hedged.

11 Interest Rate The risk that an investment's value will change due to a change in the absolute level of interest rates, in the spread between two rates, in the shape of the yield curve or in any other interest rate relationship. Such changes usually affect securities inversely. Credit The risk of loss of principal or loss of a financial reward stemming from a borrower's failure to repay a loan or otherwise meet a contractual obligation. Liquidity The risk stemming from the lack of marketability of an investment that cannot be bought or sold quickly enough to minimize the loss. Inflation / Deflation The possibility that the value of assets or income will decrease as inflation shrinks the purchasing power of a currency. Inflation steadily erodes the value of a portfolio. Risk of deflation occurs when the general prices of the economy decreases. This will affect the credibility of the Issuers leading to a breach of contract, thus may reduce the return of the portfolio. Centaline Wealth Management Discretionary Portfolio Management Services 10

12 尖沙咀彌敦道 132 號美麗華大廈 22 樓室 Units , Miramar Tower, 132 Nathan Road, Tsim Sha Tsui, Kowloon (852) (852) 客戶服務熱線 Customer Service Hotline (852) 網址 Website

Important Notes The information contained in this brochure are for information purposes only and do not constitute an offer, a solicitation of an offe

Important Notes The information contained in this brochure are for information purposes only and do not constitute an offer, a solicitation of an offer or invitation, advertisement, inducement, representation