1792ACE Limited(NYSE: ACE) 5015,000ACE 200512ACE2010ACE

2009$7782008$25.91$11.97Standard & Poors AM BestAA-Standard & Poors(stable)(positive)Standard & PoorsStrongACE

(NYSE: ACE)

&,100,25%-ETF+

%-%100%ETF+

0.ETF+,

,ETF

,

11%

-2010

?3%,100,?

:200=3%200-1000=2.5%1000-2000=2%2000=1.5%10(ETF) ()

0.2% 12

3%$100/($3/(1250012$15 610006$30 0%

1:ETF2:(ETFs)

(ETFs) (Mutual Funds) 1%

-() (): (): 0%10

~-0.2% 12

-()

0%$100/()$3/(65006$1561,0006$301.0% 2.5%;4%;3%;2%;1%

1:ETF2:(ETFs) 3:(Mutual Funds) (0.125%)

(ETFs) (Mutual Funds) 1%0.125%

1.5%-3%0%.5%;4%;3%;2%;1%2.

.125%ETF..

ACE Life

0~70 ()():10,000~60,000,000:24,000~1,200,000:12,000~600,000:6,000~300,000:2,000~100,000500 : 600 500 : 6005 : 400 : 5,000 6,000

:

0~70 ():10,000~60,000,000:24,000~1,200,000:12,000~600,000:6,000~300,000:2,000~100,00050050055,0006,000

ETF ()&

286.13%7.11%

98/07/09 Bloomberg1:- AT 2:= 12 3:=()100% 4: 5:,,100- AT (100):

()2010/03/310.02724.64000.5850%7.0649%58502010/2/280.02724.64000.5850%7.0649%58502010/1/310.02724.62000.5887%7.1422%58872010/12/310.02724.5900 0.5925%7.1111% 59252010/11/300.02724.54000.5992%7.1894%59922010/10/290.02724.65000.5850%7.0194%58502010/9/300.02724.57000.5952%7.1422%59522010/8/300.02724.4900 0.6058%7.2692% 6058 2010/7/290.02894.4900 0.6437%7.7244% 6437 2010/6/290.02894.3400 0.6659%7.9908% 6659 2010/5/280.02894.3200 0.6490%7.7880% 64902010/4/290.02894.5500 0.6352%7.6224% 6352 2010/3/300.02894.4700 0.6465%7.7580% 6465 2010/2/250.02894.3200 0.6690%8.0280% 66902010/1/280.02894.3500 0.6644%7.9728% 6644

A.xB./C.x

99/7/15100- AT4.47102(1000000/32/4.4) 99/7/290.0289A.=7102x0.0289x32=6568B.=6568/1000000=0.6568%C.=0.6568%x12=7.88%

ETFA50 ETFA

* -

- AIG

-

-

ACE +

+()

0-80

() 1.25%250 2.1011002~4755~6502%

0-80

7520

2%

ACE Life

123456~55%55%15%10%5%0%3%NT$100/ETFs1%ETFs1.4%0.1% 500 1,000

~30,2,1,2,,50070,,5000

1.,,1.5002.51001000,,

2., ,1.5000202.575,,5,,

ETF(85) (120) () &(5) 407+ETF+

X155%3%160%3%255%260%315%313%410%45%55%55%100/125/+1.3%1.5%205%10%1~6 2~62~6

X155%3%158%3%255%258%315%319%410%45%55%55%100/100/(300)+1.3%5%5%1~6 2~6

ACE Life

10K6,000

1,00010,000 ATM

2,0006,00012,00024,000

15-65 75

1. 2. 3. ()4. 5. 81110+9 91100 ++9 6. () ()

7.()

*:15:00() 15:00(T)

TT1TTT1TTT1T5~6T67TT1TTT1T2T1T1TT3

-

204

-()20460007%USD2208

1966

(31542+2208x5)15...USD 344831001:29

USD196630USD31542 (34483-1966)x0.97USD42582USD260201966196619661966151510USD6860215

-

-()5007%63826

60000

()7%15...$1,000,000$6000030911800 (1000000-60000)x0.979118001095913600006000060000++++151515$2,007,71315

-

-

-

-

-1.2.3.4.5.PM3:00T6.

-

-

-

***