AIA India Opportunities
Fund /
AIA India Balanced Fund
January 2010
The Power of We
AIA.COM.SG
AIA India Opportunities Fund
Key Fund Facts
Investment Objective
Launch Date of
AIA India Opportunities Fund
To achieve long-term capital growth by investing in securities of companies
which are incorporated in India or which derive significant revenue or profit
from India.
6 December 2005
Pricing Frequency
Daily
Management Fees
Launch Date of
AIA India Balanced Fund
1.5% p.a. of Net Asset Value
Investment Strategy
10 August 2005
AIA India Opportunities Fund
Subscription
The Fund invests substantially in the underlying Aberdeen India Opportuniites
Fund, which is domiciled in Singapore.
Launch Price
Cash, CPF (OA) and SRS
S$ 1.000
Bid
Manager of AIA India Opportunities Fund
AIA India Balanced Fund
Aberdeen Asset Management Asia
Limited
Investment Objective
Manager of AIA India Balanced Fund
To achieve long-term capital growth principally from a portfolio of equity and
equity-related securities of companies listed on stock exchanges in India
or closely related to the economic development and growth of India, as
well as stable income with capital preservation through investments in
primarily fixed income securities of high credit quality issuers, denominated
primarily in SGD, in such proportion as the manager deems fit.
Investment Strategy
The Fund invests, on average, 60% into the Aberdeen India Opportunities
Fund and 40% into the AIG International Funds - Singapore Bond Fund.
The asset mix may vary depending on market conditions.
S$ 1.207 as of 30 Nov 2009
Offer
S$ 1.271 as of 30 Nov 2009
AIG Global Investment Corporation
(Singapore) Limited
Fund Size
Managers of Underlying Funds
AIA India Balanced Fund
Subscription
Aberdeen Asset Management Asia
Limited and
AIG Global Investment Corporation
(Singapore) Limited
S$ 263.5m as of 30 Nov 2009
Cash, CPF (OA & SA) and SRS
Bid
S$ 1.196 as of 30 Nov 2009
Sales Charge (For Cash and SRS)
5% (included in bid-offer spread)
Offer
S$ 1.259 as of 30 Nov 2009
Sales Charge (For CPF OA or SA)
3%
Fund Size
S$ 369.9m as of 30 Nov 2009
Manager’s Commentary* As of 30 November 2009
Despite the sell-off sparked by Dubai's credit woes, Indian equities rose in November, as GDP data for the September quarter surpassed expectations.
The economy grew by 7.9% from a year earlier, on increased government spending and higher manufacturing output. The sustained rise in food prices
drove the wholesale inflation rate higher in October.
The central bank purchased 200 metric tonnes of gold from the IMF, reducing its exposure to the US dollar.
Ratings agency Moody's maintained a negative outlook for the Indian banking system, while flagging worries over the deteriorating asset quality and volume
of restructured loans.
September-quarter earnings news from our consumer-related and bank holdings were largely positive. On the flip side, lower production and prices at GAIL's
LPG and liquid hydrocarbons division weighed on its results, while ABB India was dragged down by its power systems business. Sun Pharmaceutical's
earnings were depressed by its weak US subsidiary Caraco, but it received further support for its acquisition of Israeli pharmaceutical company Taro.
There were no major portfolio transactions over the month.
MICA (P) 110/09/2006
AIA India Opportunities Fund / India Balanced Fund
Performance Indicator Offer-to-bid**, net dividends reinvested, SGD, from Inception to 30 November 2009. Source: AIA
AIA India Opportunities Fund
1 Year
3 Year^
Since
Inception^
Fund (bid-to-bid)
70.72%
3.14%
6.19%
Fund (offer-to-bid**)
62.01%
1.39%
4.84%
Benchmark
94.60%
2.42%
11.39%
220
200
Price Indexed
Period
240
180
160
140
120
100
80
60
^ Annualised returns
# Current benchmark: MSCI India Index
** Taking into account 5% sales charge
Oct-09
Aug-09
Apr-09
Jun-09
Feb-09
Oct-08
Dec-08
Aug-08
Apr-08
Jun-08
Feb-08
Oct-07
Aug-07
Apr-07
Jun-07
Feb-07
Oct-06
Dec-06
Aug-06
Apr-06
Dec-07
--- Benchmark
AIA India Opportunities Fund
AIA India Balanced Fund
Period
Jun-06
Feb-06
Dec-05
40
Notes:
#
200
1 Year
3 Year^
Since
Inception^
Fund (bid-to-bid)
42.04%
2.89%
5.60%
Fund (offer-to-bid**)
34.84%
1.14%
4.32%
Benchmark
54.33%
6.09%
11.43%
190
180
170
160
150
Price Indexed
140
130
120
110
100
90
Notes:
80
^ Annualised returns
# Current benchmark: 60% MSCI India Index & 40% JP Morgan Sing Govt
Bond Index All (The combined benchmark is reflective of the fund’s
investment focus)
70
** Taking into account 5% sales charge
60
AIA India Balanced Fund
Top Ten Holdings* As of 30 November 2009
Holding (%)
Infosys Technologies
9.6
HDFC
9.4
ICICI Bank
6.8
Tata Consultancy Services
5.6
Grasim Industries
4.4
Hero Honda
4.4
ABB India
3.8
GlaxoSmithKIine Pharmaceuticals
3.7
Hindustan Lever
3.6
HDFC Bank
3.4
_______________________________________________________
Total
54.7%
--- Benchmark
#
Nov-09
Sep-09
Jul-09
May-09
Jan-09
Mar-09
Nov-08
Jul-08
Sep-08
May-08
Jan-08
Mar-08
Nov-07
Jul-07
Sep-07
Mar-07
May-07
Jan-07
Nov-06
Sep-06
Jul-06
May-06
Mar-06
Jan-06
Sep-05
50
Nov-05
2
AIA India Opportunities Fund / India Balanced Fund
Sector Allocation* As of 30 November 2009
Telecommunication Services 2.90% Cash 4.40%
Industrials 7.00%
Financials 22.00%
Consumer Discretionary 7.20%
Utilities 7.40%
Materials 9.30%
Information Technology 19.40%
Consumer Staples 9.90%
Healthcare 10.50%
Notes:
1. Performance of the funds are in SGD without taking into consideration the fees and charges payable through deduction of premium or cancellation of
units and with net dividends reinvested.
2. All subscriptions in the AIA India Balanced Fund were held as cash during the fixed price period from 10 August 2005 till 9 September 2005, and were
invested in the underlying funds with effect from 12 September 2005.
* Information from the underlying Aberdeen India Opportunities Fund. Source: Aberdeen Asset Management Asia Limited
AIA India Opportunities Fund and AIA India Balanced Fund are investment-linked policy (ILP) funds offered by American International Assurance Company,
Limited (AIA) and are only available under AIA Investment-Linked Policies. AIA is the product provider. This fact sheet is prepared by AIA and the information
presented is for informational use only. Investments are subject to investment risks including the possible loss of the principal amount invested. Past
performance, as well as the prediction, projection or forecast on the economy, securities markets or the economic trends of the markets are not necessarily
indicative of the future or likely performance of the ILP funds. The performance of the ILP funds is not guaranteed and the value of the units in the ILP funds
and the income accruing to the units, if any, may fall or rise. A product summary relating to the ILP funds is available and may be obtained from your AIA
Financial Services Consultant. A potential investor should read the product summary before deciding whether to subscribe for units in the ILP funds. AIA
does not warrant or make any representations regarding the use or the results of the use of the figures generated in terms of their correctness, accuracy,
reliability, or otherwise.
1 Robinson Road, AIA Tower, Singapore 048542 Monday - Friday: 8.45am - 5.30pm AIA Customer Care Hotline: 1800 248 8000 AIA.COM.SG
3