CONFIDENTIAL
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INVESTMENT POLICY COMPARISON WITH GUIDELINES
39.
The currency distribution of the Fund's assets at the
year end, together with the corresponding percentage distribution as
at 31 December 1990, are given
given below. Further details are at
Appendix II:
31.12.91
31.12.90
$'000
%
%
Canadian dollars
12,693,507
5.38
4.59
Deutsche marks
10,210,557
4.32
5.21
Dutch guilders
French francs
5,893,490
2.50
2.74
8,670,235
3.67
2.83
H.K. dollars
10,461,919
4.43
1.71
Japanese yen
11,229,847
4.76
5.44
Malaysian ringgit
28,801
0.01
0.01
Singapore dollars
3,530
Sterling
7,213,064
3.05
5.59
Swiss francs
525,182
0.22
1.79
US dollars
164,880,558
69.83
69.48
European Currency Units
3,355,404
1.42
235,166,094
99.59
99.39
Gold
Loan
628,601
0.27
0.35
326,705
0.14
0.26
236,121,400
100.00
100.00
1 2 2 2 BERBE
40.
If the loan to The Hong Kong Futures
Guarantee
Corporation Limited is taken into account, the split of assets
between Hong Kong dollars and foreign currencies at 31 December 1991 would be 4.57% and 95.43% respectively. This compares with 1.97%
and 98.03% at 31 December 1990. Total foreign currency assets at 31
December 1991 had a Hong Kong dollar value of $225,332.8 million
which represents an increase of 17.16% over 31 December 1990.
CONFIDENTIAL