PRUMarket Watch 0 January 0 Prudential Hong Kong Limited (A member of Prudential plc group)
US US equities fell in December in line with the global sell-offs over Greece s political uncertainty and the continued slide in oil prices. The knock on effects of lower oil prices on jobs growth and earnings of energy and related companies weighed on sentiment. Nonetheless US equities were 0 s top performers led by indications of a nascent economic recovery and supported by expectations that interest rates will remain low for longer. Japan Japanese equities fared poorly early 0 on fears that the April consumption tax would affect growth before recovering strongly in the second quarter. But signs of stalling economic recovery muted sentiment in the second half of 0. Bank of Japan s surprise easing measures in October boosted the market in yen terms. Exporters gained from Yen s depreciation vis-à-vis the US dollar. Europe European equities generally fared poorly in 0. Concerns abound over the region s weak growth, specifically the contraction of activity in the major economies. Persistent deflation was another concern. The occasional rallies came on expectations that European Central Bank would introduce additional measures to fight deflation. That ECB took no further steps to reignite the economy was also a cause for December s poor show. Asia Pacific ex Japan Asia ex-japan markets started the year in the red on emerging market meltdown fears. Improving data from India and Indonesia subsequently boosted stocks in the region. On a year to date basis, Asia ex Japan has fared better than Japan and Europe. Australia Australia was one of 0 s worst performers in US terms. A falling Aussie dollar, declining commodity prices and concerns of a slowdown in China affected the Australian market. China Hong Kong Taiwan China s stock market rose over % in December underpinned by financial sector on expectations of further monetary easing following PBOC s surprise rate cut in November, the first since 0. Taiwan benefitted in the second half of the year due to a pick up in the tech cycle.
Singapore Korea There have been downgrades in both 0 and 0 forecasts growth. Singapore s labour constraints are expected to affect 0 s growth. Korea was one of the 0 s worst performers. Korea was affected by the Yen depreciation as it tarnished the attractiveness of Korean exports. India Philippines India was one of the top markets in 0. Improving macro conditions as well as positive election outcomes in India lifted the market. With benign inflation, pressure is building on Reserve Bank of India to cut rates but this will be dependent on whether the economy is on track to meet the 6% inflation target by January 06. Philippines was one of the top performing markets in 0. The Philippines gained throughout the year on stronger fundamentals which led to a one-notch rating upgrade by Standard & Poor to BBB. Thailand Indonesia Indonesia was one of the top markets in 0. Improving macro conditions as well as positive election outcomes in Indonesia lifted the markets. Indonesia s fuel price hike too led to positive reaction on the stock market. Thailand succumbed to profit-taking in December after a strong performance in previous months. Improving confidence and political stability post the military coup underpinned the stock market. Malaysia Malaysia was one of the 0 s worst performer. Malaysia s oil exporter status led to its decline on sharp drop in oil prices. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Product Brochure and the Summary Information for Investment Funds for further information, including fees and charges. The above information is for reference only. Any opinion or information contained in this document is made on a general basis and should not to be relied upon by the reader as advice. Individual country or domicile may have restriction on specific investment instruments, reader is recommended to seek independent professional tax and/or legal advice before making any investment decision. Some of the information included in this material have been prepared with the assistance of Eastspring Investments (Hong Kong) Limited, and/or its associates. Prudential Hong Kong Limited reserves the right to make changes and corrections to its opinions expressed in this document at any time, without any notice. Any unauthorized disclosure, use or dissemination of this document, either in whole or in part, is prohibited and this document should not be reproduced, copied, or made available to others. This document is issued by Prudential Hong Kong Limited (A member of Prudential plc group). MKTX/SA00(0/)
The investment choice are available for investment-linked insurance plans, including PRUlink portfolio investment plan, PRUlink single premium investment plan, PRUlink investment plan (PRUlink investment plan was closed for new business since 0 January 0), PRUlink smart wealth builder (PRUlink smart wealth builder was closed for new business since December 0), PRUlink wealth builder (PRUlink wealth builder was closed for new business since February 00), PRUretirement extra (PRUretirement extra was closed for new business since January 0), PRUkid extra (PRUkid extra was closed for new business since January 0), PRUlink optimiser plus (PRUlink optimiser plus was closed for new business since 0 January 0), PRUlink assurance plus (PRUlink assurance plus was closed for new business since October 0), PRUlink assurance (PRUlink assurance was closed for new business since October 0), PRUlink investlife (PRUlink investlife was closed for new business since January 0), PRUflexilife (PRUflexilife was closed for new business since June 0), Investment Plus (Investment Plus was closed for new business since January 0), PRUlink maxisavings (PRUlink maxisavings was closed for new business since 6 August 007) and PRUlink protector (PRUlink protector was closed for new business since November 00) issued by Prudential Hong Kong Limited ("Prudential") only. Your investments are subject to the credit risk of Prudential. () You are not investing in the underlying assets or reference funds of the investment choices. You do not have any rights or ownership over these underlying investments. Regarding details of charges, the terms and conditions, and risk factors of relevant Prudential's investment-linked insurance products, please refer to the offering documents and/or the policy documents. Investment involves risks. Past performance is not indicative of future performance. Return on investment under the investment linked insurance schemes will be subject to the charges of the scheme and may be lower than the return on the investment choices. Asset Class Risk Level Money (US$) Fund MMF PRUlink AllianceBernstein American Income Portfolio Fund* * AAI PRUlink AllianceBernstein Global High Yield Portfolio Fund* * AHY PRUlink Eastspring Investments Asian Local Bond Fund ALB PRUlink Eastspring Investments US Investment Grade Bond Fund* * EIB PRUlink Fidelity International Bond Fund FBF PRUlink Fidelity US High Yield Fund FHY PRUlink Invesco Global High Income Fund* IHI PRUlink Schroder Hong Kong Dollar Bond Fund SHB PRUlink Templeton Global Total Return Fund* * TTR USD Bond Fund USB Global Equity Fund GEF Global Growth Fund Prudential Investment Choices Name PRUlink Investec GSF Global Strategic Equity Fund PRUlink M&G Global Basics Fund PRUlink Templeton Global Equity Income Fund PRUlink Fidelity America Fund PRUlink Fidelity European Growth Fund Pacific (ex-japan) Equity Fund PRUlink Allianz Total Return Asian Equity Fund Code GGF IGS MGB TGI FAF FEF PEF ATR AllianceBernstein - American Income Portfolio AllianceBernstein - Global High Yield Portfolio Eastspring Investments - Asian Local Bond Fund Eastspring Investments - US Investment Grade Bond Fund Fidelity Funds - International Bond Fund Fidelity Funds - US High Yield Fund Invesco Funds Series - Invesco Global High Income Fund Schroder International Selection Fund - Hong Kong Dollar Bond Eastspring Investments - US High Investment Grade Bond Fund Eastspring Investments - World Value Equity Fund 70% Eastspring Investments - World Value Equity Fund+ 0% Eastspring Investments - Asian Equity Fund Investec GSF Global Strategic Equity Fund M&G Global Basics Fund Templeton Global Equity Income Fund Fidelity Funds - America Fund Fidelity Funds - European Growth Fund** ** Eastspring Investments - Asian Equity Fund Allianz Global Investors Fund - Allianz Total Return Asian Equity Reference Fund -year Annualised Volatility Launch Date Performance of Prudential Investment Choices Bid Price/ Net Asset Offer Price (USD) Cumulative Performance (%) Value per unit Prudential Investment Reference (USD) YTD Fund year years years Choices months Not applicable N/A N/A
PRUlink JPMorgan ASEAN Fund PRUlink Templeton Asian Growth Fund* * PRUlink Allianz Global Agricultural Trends Fund* * PRUlink Baring Global Resources Fund PRUlink BlackRock New Energy Fund PRUlink BlackRock World Gold Fund JAS TAG AAT BGR BNE BWG JPMorgan ASEAN Fund Templeton Asian Growth Fund Baring Global Resources Fund BlackRock New Energy Fund BlackRock World Gold Fund PRUlink BlackRock World Mining Fund BlackRock World Mining Fund BWM PRUlink Invesco Asia Infrastructure Fund Invesco Asia Infrastructure Fund IAI PRUlink Investec GSF Global Energy Fund* * IGE Dragon Growth Fund Eastspring Investments - Greater China Equity Fund DGF PRUlink Baring Hong Kong China Fund Baring Hong Kong China Fund BHC PRUlink China Equity Fund BOCHK China Equity Fund CHE PRUlink Eastspring Investments China Equity Fund* * ICE PRUlink First State China Focus Fund* * First State China Focus Fund FCF PRUlink Schroder Hong Kong Equity Fund* * SHK PRUlink Value Partners Classic Fund* Value Partners Classic Fund * VCF PRUlink Eastspring Investments India Equity Fund Eastspring Investments - India Equity Fund INF PRUlink Eastspring Investments Indonesia Equity Fund* Eastspring Investments - Indonesia Equity Fund * IDO PRUlink Fidelity Emerging Europe Middle East and Africa Fund Fidelity Funds - Emerging Europe, Middle East and Africa Fund FEA PRUlink Fidelity Latin America Fund Fidelity Latin America Fund FLA PRUlink JPM Emerging Markets Equity Fund JPM Emerging Markets Equity Fund JEM PRUlink Schroder BRIC Fund* Schroder BRIC Fund * SBR PRUlink Templeton Emerging Markets Fund Templeton Emerging Markets Fund TEM PRUmanaged Steady Fund BOCHK Conservative Growth Fun MSF PRUmanaged Balanced Fund BOCHK Balanced Growth Fund MBF PRUmanaged Growth Fund BOCHK Aggressive Growth Fund MGF PRUlink Baring Asia Balanced Fund Baring Asia Balanced Fund BAB PRUlink BlackRock Global Allocation Fund BlackRock Global Allocation Fund BGA Source: Prudential Hong Kong Limited & Morningstar database. Figures are in USD and dividends are reinvested as of December, 0. () The risk level, in the range of to, is assigned based on the volatility of the related Prudential investment choices and the nature of investments. The figure is provided by Prudential Hong Kong Limited which will be reviewed at least once per annum and is for reference only. Generally speaking, the higher the number, the greater the risk. () -year annualised volatility is represented by the annualised standard deviation based on the monthly rates of return over the past years. The higher the percentage (i.e. standard deviation), the greater the volatility and the greater the risk. () Performance for related Prudential investment choices with no historical data of the specified period will not be shown. () months cumulative performance will not be shown for the respective Prudential investment choices with less than year history. () Annualised yield is an annual rate of return calculated based on the current rate of return of the underlying investment compounded on a weekly basis, less management fee. The annualised yield does not represent the rate of return or performance of your investment-linked insurance scheme. * The respective Prudential investment choices / reference funds have less than years history and have not been included for
calculation of volatility. ** The respective reference fund is denominated in EURO. Performance of the related Prudential investment choices may be different from the reference fund due to exchange rate fluctuation. Asset Class Prudential Investment Choices Name Calendar Year Performance Code 0 0 0 0 00 Money (US$) Fund MMF PRUlink AllianceBernstein American Income Portfolio Fund AAI PRUlink AllianceBernstein Global High Yield Portfolio Fund AHY PRUlink Eastspring Investments Asian Local Bond Fund ALB PRUlink Eastspring Investments US Investment Grade Bond Fund EIB PRUlink Fidelity International Bond Fund FBF PRUlink Fidelity US High Yield Fund FHY PRUlink Invesco Global High Income Fund IHI PRUlink Schroder Hong Kong Dollar Bond Fund SHB PRUlink Templeton Global Total Return Fund TTR USD Bond Fund USB Global Equity Fund GEF Global Growth Fund GGF PRUlink Investec GSF Global Strategic Equity Fund IGS PRUlink M&G Global Basics Fund MGB PRUlink Templeton Global Equity Income Fund TGI PRUlink Fidelity America Fund FAF PRUlink Fidelity European Growth Fund FEF Pacific (ex-japan) Equity Fund PEF PRUlink Allianz Total Return Asian Equity Fund ATR PRUlink JPMorgan ASEAN Fund JAS PRUlink Templeton Asian Growth Fund TAG PRUlink Allianz Global Agricultural Trends Fund AAT PRUlink Baring Global Resources Fund BGR PRUlink BlackRock New Energy Fund BNE PRUlink BlackRock World Gold Fund BWG PRUlink BlackRock World Mining Fund BWM PRUlink Invesco Asia Infrastructure Fund IAI PRUlink Investec GSF Global Energy Fund IGE * ** Asset Class Prudential Investment Choices Name Dragon Growth Fund PRUlink Baring Hong Kong China Fund PRUlink China Equity Fund PRUlink Eastspring Investments China Equity Fund Code Calendar Year Performance 0 0 0 0 00 DGF BHC CHE ICE PRUlink First State China Focus Fund FCF PRUlink Schroder Hong Kong Equity Fund SHK PRUlink Value Partners Classic Fund VCF PRUlink Eastspring Investments India Equity Fund INF PRUlink Eastspring Investments Indonesia Equity Fund IDO PRUlink Fidelity Emerging Europe Middle East and Africa Fund FEA PRUlink Fidelity Latin America Fund FLA PRUlink JPM Emerging Markets Equity Fund JEM PRUlink Schroder BRIC Fund SBR PRUlink Templeton Emerging Markets Fund TEM PRUmanaged Steady Fund MSF PRUmanaged Balanced Fund MBF PRUmanaged Growth Fund MGF PRUlink Baring Asia Balanced Fund BAB PRUlink BlackRock Global Allocation Fund BGA Source: Prudential Hong Kong Limited & Morningstar database. Figures are in USD and dividends are reinvested as of December, 0. () Performance for related Prudential investment choices with no historical data of the specified period will not be shown. # Performance is calculated since launch date to the end of the calendar year. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Product Brochure and the Summary Information for Investment Funds for further information, including fees and charges. #