JF China Region Fund, Inc Announces Change of Benchmark
BOSTON--(BUSINESS WIRE)-- The Board of the JF China Region Fund, Inc (JFC) announces that, following the Funds initial direct investments in China A-shares, it has agreed to adopt the following composite benchmark, effective April 13, 2012, by which it will compare the Funds relative performance:
80% MSCI Golden Dragon Index
20% CSI 300 Index
The Board considers that the revised benchmark better reflects the proportion of the Funds holdings in China A-shares and other Greater China securities.
The Fund is a non-diversified, closed-end management investment company whose shares are traded on the New York Stock Exchange. The Fund trades under the symbol JFC. For more information please refer to the Funds website: www.jfchinaregion.com.
Certain of the statements contained in this press release are forward-looking and reflect the Funds expectations regarding the Funds future investments, turnover, regulatory approvals, capital raising, performance, investment strategy and business based on information currently available to the Fund. Forward-looking statements are provided to present information about the Funds current expectations and plans relating to the future and readers are cautioned that these types of statements may not be appropriate for other purposes. These statements use forward-looking words, such as expect, could, may, likely, undertake," will, believe or other similar words.
The Fund seeks to achieve long-term capital appreciation through investments primarily in equity securities of companies with substantial assets in, or revenues derived from, the People's Republic of China, Hong Kong, Taiwan and Macau -collectively, the China Region.
J.P. Morgan Fund Services, in Boston, MA is the Funds accounting and administrative agent.
JF China Region Fund, Inc.
Simon Crinage, President and Interested Director
Christopher Legg, Secretary
Telephone: +44 20 7742 6000
Source: JF China Region Fund, Inc.Copyright Business Wire 2012