Since the Gates Fund has entered China, there has been little choice for a "technology" content stock to appear on its "draft" list, which seems to give people who want to get some "hints" from "the world's first IT hero" Some disappointed.
Gates A shares draft list exposure: only long-term investment without any IT stocks

Microsoft founder Bill Gates (Tencent technology with map)

Bill Gates' A-share list of exposure: only long-term investment

Capital: Bill Gates' A-share list

On July 19, 2004, Bill & Melinda Gates Foundation, the world's largest charitable foundation, won the China QFII (Qualified Foreign Institutional Investor) Qualification, investment amount of 100 million US dollars.

Over the past six years, the Gates Fund has run almost full of positions.

Although in nearly a hundred QFII, the size of the Gates Fund is not large, but shining the shining head of the world's richest man, Gates Fund in the selection of China's A shares can attract attention every time. With the A-share listed companies in the third quarter of the newspaper came out, the new season's "Gates Foundation draft list" also will be available.

Preference for "traditional" shares

In fact, since the Gates Fund has entered China, almost no choice of a "technology" content of the stock appears in its "draft" list, which seems to let those who want from the "global first IT hero" where some " "Some people are disappointed. Moreover, even the recent one or two years is quite popular new energy, low carbon and other concept plate, Gates Fund is also rarely dabbled. On the contrary, its preferred target is mainly concentrated in the daily consumption, resources, real estate and other traditional industries.

According to statistics, as of September 30, 2009, the Gates Fund held a total of 15 shares of China's A shares of the company's stock. Among them, the shareholding did not change is the Temple of Heaven biological (600161.SH), China Glass Fiber (600176.SH), Yanzhou Coal (600188.SH), Jiangnan high fiber (600527.SH), tunnel shares (600820.SH ) And China Railway (601390.SH); for the jiacang of the Financial Street (000402.SZ), Yuyuan Garden (600655.SH), Zhuhai Port (000507.SZ), Salt Lake Group (000578.SZ); There are Anyuan shares (600397.SH) and Chenming Paper (000488.SZ).

This is more than one stock, the Gates Fund has held more than a year, such as Salt Lake Group from the first quarter of 2009 to hold, Yanzhou Coal is the second quarter of 2009 to enter the Tiantan biology from the third quarter of 2009, There is also holdings.

In addition, the new quarter to join the "Gates list" in the North International (000065.SZ), Shengnong Development (002299.SZ) and Feile audio (600651.SH).

North International, the company is located in Beijing, the main products for the aluminum, etc., is currently in the industry the top eight Qiang; Shengnong development, the company is located in Fujian, the main products for the broiler; Feile audio is a veteran Shanghai audio equipment and electronic musical instruments Enterprises, China 's first joint - stock companies listed companies.

Only long-term investment

The Gates Foundation was founded in January 2000 and was co-founded by Microsoft's founder Bill Gates and his wife, Melinda Gates, and is a nonprofit character. This foundation is by far the world's largest charitable foundation, 10 times the famous "Rockefeller Foundation", "Ford Foundation" 3 times.

The Gates Fund's main contributors are GLOBAL DEVELOPMENT, GLOBAL HEALTH, UNITED STATES PROGRAM, and special attention to education, health care and health.

In 2004, the Gates Fund's QFII qualification was considered a "special courtesy" given by the Chinese government to Bill Gates because the Gates Fund was the only non-financial institution in the then approved QFII.

April 2003, Buffett through its funds in Hong Kong quietly acquired 13.35% stake in the oil. This immediately led the market to follow suit, the oil price has been pushed up, or as high as 58%. Similarly, the Gates Fund began to "fry A shares" at the time also inspired a lot of people imagine that the world's richest man's fund is also possible in the A shares enjoy their "star effect."

However, people soon disappointed, in the stock picking and timing, the Gates Fund has been very low-key performance or even dull, few "sturdy" operation, or even the lack of bright spots. More important is that it holds the stock a relatively long time, and there are a lot of really no small fame, even the "black mouth" series of stories are no way to start.

It can not help but think of people in the face of whether the agitation of the A-share market will be questioned, the Gates Fund spokesman Roger Niu Si said at the time was seen as "very official" answer: Gates Foundation is a Non-profit charitable funds, the Fund's funds are mainly used for long-term investment to ensure that its charitable projects.

It now seems that this is not a lie.

Investment performance is not to force?

However, the root cause of the lack of Gates fund star effect or its A-share transcripts can only be used to describe the tepid. Even after the 2006 China stock market that "shaking", the most beautiful one of the Gates Fund is only from the third quarter of 2006 to hold the United States of electrical appliances (000527.SZ) there, won the Single more than 500 million yuan of income.

According to the Gates Fund's 2009 report, as of December 31, 2009, the Gates Fund's total assets of more than 33.9 billion US dollars, only more than the previous year increased by more than (the same period in 2008 to 29.8 billion US dollars), and The increase is mainly due to new donations, not investment returns.

Since the Gates Fund does not disclose the investment income in a single market every year, it is difficult to know exactly how the Gates Fund's A-share transcripts. However, according to statistics, as of September 30, 2009, Gates Fund held by the total market value of 1.343 billion yuan, if the investment amount of 100 million US dollars to estimate the 6-year profit of less than 100 %, Performance is not eye-catching.

"Gates Fund in the stock picking configuration is relatively relatively stable, but also a little conservative." A fund manager told the "China Economic Weekly", and "and other professional investment funds, Gates Foundation is a non-profit Of charitable funds, so it will also have some impact on its investment philosophy, such as fostering some of the industries and businesses that it believes needs to be fostered.