出于客户资料保密原则.docVIP

出于客户资料保密原则，此翻译样文中隐去相关内容。 目录 TOC \o 1-9 \t Topic Heading,1 投资理念 4 新兴市场股票投资团队的组织架构 4 投资流程介绍 8 研究流程 8 投资组合构建 16 交易执行 17 风险管理 18 为什么在进行新兴市场股票投资时选择XXXX公司？ 20 XXXX Asset Management has been a specialist investor in emerging markets for over 35 years. XXXX资产管理公司是新兴市场的专业投资者，拥有35年的投资经验。 The Emerging Markets Equity Team offers a wide range of emerging markets expertise in a single, world class, strategic platform and manages $21.1 billion in assets as at March 2007, including $10.6 billion in the GEM Focused strategy. “新兴市场股票投资团队”通过一个集中、世界级的战略平台提供关于新兴市场的各种投资建议，截止到2007年3月，共管理211亿美元的资产，其中包括106亿美元的新兴市场投资。 For further information, please contact了解更多情况，请联络 Claudia Barrulas 克罗蒂亚-伯卢拉斯 Client Portfolio Manager 客户业务经理Tel: + 44 20 7742 3877 ? E-mail: claudia.m.barrulas@XXXX.com 电话：+ 44 20 7742 3877? 电子邮件: claudia.m.barrulas@XXXX.com Claire Simmonds 克莱尔-西蒙兹 Client Portfolio Manager 客户业务经理Tel: + 44 20 7742 3512 ? E-mail: claire.c.simmonds@XXXX.com 电话: + 44 20 7742 3512 ? 电子邮件: claire.c.simmonds@XXXX.com  Investment Philosophy 投资理念 Emerging Markets are inherently inefficient markets which is demonstrated by the high volatility of many emerging markets and individual companies. 新兴市场从本质上来说是低效率的市场，表现形式是许多新兴市场及其上市公司都会经历剧烈的价格波动。 XXXX Asset Management’s Emerging Markets Equity Team has been a specialist investor in emerging markets for over 35 years. We consistently achieve superior performance through an investment process which has been designed specifically for emerging markets: XXXX资产管理公司的“新兴市场股票投资团队”致力于新兴市场投资，已经有35年历史。通过一个为新兴市场量身定做的投资流程，我们不断取得优异的投资业绩。 Identifying sustainable GROWTH is our focus. 确定可持续的增长率是我们的重点。 VALUATION disciplines enable us to invest at the right price. 价值评估原则使我们能在适当的价位投资。 QUALITY of corporate and market governance is crucial. 公司治理和市场监管的品质至关紧要。 Finding CATALYSTS for market movements is important. 找到市场新动向的触发因素十分重要。 Our approach for investment in emerging markets equities is active with a strong emphasis on bottom-up and top-down fundamental research. It i