The top ten holdings list was just updated from as of June 30 to as of Sept 30. In the last list the top ten accounted for 47.64% of assets, and now account for 51.88%.


The most notable change was the huge jump in China Mobile LTD from 7.94% to 9.56% which is a very strong company already posting excellent earnings. This will be good for the fund.


I'm not quite as hot on the increase of Industrial & commercial Bank of China from 5.85% to 6.54% but this is where we hope the fund manager has a better feel for what is really going on.


PetroChina holdings have slightly increased too but slipped in the list from position 5 to 6, which highlights a bigger increase in China Life Insurance which I like.


China Shenua Energy went from 7th to falling out of the top ten, and Bank of China is new to the top ten and in 10th position.


Overall some very good adjustments in my opinion.