JF China Region Fund, Inc. Announces Revision to Benchmark
BOSTON--(BUSINESS WIRE)-- The Board of the JF China Region Fund, Inc. (NYSE: JFC; the ‘Fund’) announces that it has agreed to revise the Fund’s composite benchmark by which it will compare the Fund’s relative performance. Dividends received from securities which the Fund invests are subject to dividend withholding taxes. The revised benchmark will include both the MSCI Golden Dragon Index and the CSI 300 Index on a net basis, rather than gross, thereby incorporating the deduction of dividend withholding taxes. This will ensure relative performance is more valid.
Therefore, with effect from October 1, 2013, the Fund’s benchmark will be changed from 80% MSCI Golden Dragon Index (Gross), 20% CSI 300 Index (Gross) to:
80% MSCI Golden Dragon Index (Net)
20% CSI 300 Index (Net)
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.”
The JF China Region Fund, Inc. invests primarily in equity securities of companies with substantial assets in, or revenues derived from, the People's Republic of China, Hong Kong, Taiwan, and Macao--collectively, the China Region.
J.P. Morgan Fund Services, in Boston, MA is the Fund’s accounting and administrative agent.
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