Fixed-income investment
In response to the development trends of credit products in the local bond market, the company has strengthened credit risk management as well as analysis and research on credit products. It has built a credit analysis system that enables comprehensive examination of the investment worthiness of a credit product—from macro (credit), meso (industry) and micro (bond) perspectives and based on two pillars: relative value and absolute value. The company’s return on fixed-income investment has been outperforming market indexes for consecutive years.
Milestones
2017
January: China Central Depository & Clearing Co., Ltd. release the 2016 list of excellent members of China’s bond market and Taikang Asset was rated as an “Excellent AMC of China’s Bond Market.”
January: The Shanghai Stock Exchange acknowledged a number of institutional and individual market participants. Taikang Asset was the only insurer-owned AMC honored as an “Excellent Bond Trader”.
March: The National Interbank Funding Center released the 2016 list of honored interbank local currency market participants, in which Taikang Asset was recognized as an “Excellent Trader”.
April: Taikang Asset was ranked 2nd by Thomson Reuters in terms of rate bond investment performance in its 2016 China Fixed-income Market Outlook.
2016
March: The National Interbank Funding Center released the 2015 list of honored interbank local currency market participants, in which Taikang Asset was recognized as an “Most Influential AMC” and “Best Asset Manager” of the market.
February: Taikang Asset was ranked by the National Interbank Funding Center among the top trading members of the interbank local currency market in 2015.
2015: According to Huabao Securities’ categorized ranking of unit-linked insurance products (Dec. 2015), Taikang’s two unit-linked insurance products, Kaitai Solid Selection (Wenli Jingxuan) and Prudent Return (Wenjian Shouyi), were respectively ranked 1st (23.37%) and 2nd (21.59%) for their annual return among 34 bond-type accounts. The annual return of Taikang Currency Risk Aversion (Huobi Bixian) was 5.81%, ranked 3rd among 25 comparable money-market funds.
2015
February: Taikang Asset was honored by China Central Depository & Clearing Co., Ltd. as an “Excellent AMC” of China’s bond market.
January: Taikang Asset was honored by the National Interbank Funding Center as the “Best Manager” and one of the top 100 trading members of the interbank local currency market in 2014.
January: Taikang Asset was honored by the Shanghai Stock Exchange as an “Excellent Bond Trader” in 2014.
2014
March: Taikang Asset was honored by the National Interbank Funding Center as an “Excellent Trading Member” of the interbank local currency market in 2013.
February: Taikang Asset was honored by China Central Depository & Clearing Co., Ltd. as an “Excellent Settlement Member” as well as an “Excellent AMC” of China’s bond market.
January: Taikang Asset was ranked by the National Interbank Funding Center among the top 100 trading members of the interbank local currency market in 2013.
January: Taikang Asset was honored by the Shanghai Stock Exchange as the “Best Bond Trader” in 2013.
Equity investment
Our rigorous investment decision-making system ensures that portfolios constructed in a top-down and bottom-up approach are well informed and improved by in-depth research. Taikang has been outperforming the stock market in terms of performance in equity investment, and has been delivering far better returns that have outperformed its peers in the insurance sector and beat the average NAV return of equity funds.
Milestones
2016
According to Taikang Asset’s statistics, two unit-linked insurance accounts managed by Taikang Asset, Taikang Innovative Power (Chuangxin Dongli) and Taikang Active Growth (Jiji Chengzhang), respectively achieved returns of 16.17% and 15.30% in 2016, ranking 1st and 2nd.
2015
According to Huabao Securities’ ranking of unit-linked insurance products as of December 2015, the annual returns of Taikang Selected Growth (Youxuan Chengzhang), Taikang Aggressive (Jinqu) and Taikang Innovative Power (Chuangxin Dongli) were respectively 80.93%, 76.59% and 60.03%, ranking 4th, 5th and 6th among 55 comparable aggressive accounts.
2014
According to Huabao Securities’ ranking of unit-linked insurance products as of December 2014, Taikang Balanced Weighting (Pingheng Peizhi) was ranked 2nd for its annual return of 36.15% among 55 hybrid accounts, while Taikang Active Growth (Jiji Jinqu) and Taikang Unit-linked Progress (Toulian Jinqu) were respectively ranked 3rd and 8th for their annual returns of 48.85% and 42.33% among 59 aggressive accounts.
Offshore investment
In April 2006, insurance companies were approved by the State Council to use their own funds to purchase foreign currencies for investment in offshore pilot schemes. After this, a number of large insurers, including Taikang, were given special approval to invest in H-shares as an important institutional investor to participate in the offshore listing of large SOEs.
In the second half of 2007, Taikang, as required by regulatory authorities, integrated its offshore investment business processes, systems and personnel and was subsequently approved to make investments offshore within the approved quota. On November 9, 2007, Taikang Asset Management (Hong Kong) Co., Ltd. (Taikang AMC (HK)) was established as a major platform for Taikang Asset’s international business operations.
Milestones
2016
October: Taikang AMC (HK) established the Taikang Kaitai China Alpha Equity Fund, the first hedge fund managed with market-neutral strategies.
2015
January: Taikang AMC (HK) was licensed by the South Korean Financial Services Commission to provide advice and make investments in securities.
2014
June: Taikang AMC (HK) launched its first mutual fund, Taikang Kaitai China Corporate Bond Fund.