Investment Objective
To provide stable growth in a globally diversified manner.
Fund Details
Latest Fund Expense Ratio: 0.82%
Launch Date(dd/mm/yyyy): 01/04/2017
Unit Price: HKD 1.0998
Fund Size: HKD 869.07M
Fund Commentary
The fund recorded -2.6% return in March. In March 2020, equity market and fixed income credit market volatility has picked up since February as Coronavirus now impacts global economic growth. The situation has emerged from a regional health crisis to a global scale. Investors rushed to safe heaven assets driving US 10-yr treasury yield down by over 60 bps in March. To fight against this backdrop, there is a globally coordinated efforts by different countries on both fiscal and monetary front to support the economy.
Fund Performance Information
| Annualised return |
Calendar year return |
1 year
(p.a. %) |
5 years
(p.a. %) |
10 years
(p.a. %) |
Since Launch
(p.a. %) |
2015 | 2016 | 2017 | 2018 | 2019 | Year To Date |
| 3.83% |
N/A% |
N/A% |
3.22% |
N/A | N/A | 3.29 | -1.40 | 9.60 | N/A |
Fund Performance Information
| Annualised return |
1 year
(p.a. %) |
5 years
(p.a. %) |
Since Launch
(p.a. %) |
| 3.83% |
N/A% |
3.22% |
| Calendar year return |
| 2015 | 2016 | 2017 | 2018 | 2019 | Year To Date |
| N/A | N/A | 3.29 | -1.40 | 9.60 | N/A |
Top 10 Holdings
| Security name |
Holdings Weight |
| US TREASURY N/B T 2.500% 15/02/2022 |
1.37% |
| US TREASURY N/B T 2.00% 31/10/2022 |
1.07% |
| MICROSOFT CORP |
0.66% |
| US TREASURY N/B T 2.875% 15/08/2028 |
0.61% |
| US TREASURY N/B T 2.00% 30/11/2022 |
0.60% |
| US TREASURY N/B T 1.500% 15/02/2030 |
0.59% |
| APPLE INC |
0.58% |
| US TREASURY N/B T 2.625% 15/07/2021 |
0.54% |
| FRANCE O.A.T. FRTR 0.00% 25/03/2024 |
0.53% |
| US TREASURY N/B 2.250% 30/04/2024 |
0.52% |
| Total |
7.07% |
Top 10 Holdings
Security name
Holdings Weight |
| US TREASURY N/B T 2.500% 15/02/2022
Holding Weight 1.37%
|
| US TREASURY N/B T 2.00% 31/10/2022
Holding Weight 1.07%
|
| MICROSOFT CORP
Holding Weight 0.66%
|
| US TREASURY N/B T 2.875% 15/08/2028
Holding Weight 0.61%
|
| US TREASURY N/B T 2.00% 30/11/2022
Holding Weight 0.60%
|
| US TREASURY N/B T 1.500% 15/02/2030
Holding Weight 0.59%
|
| APPLE INC
Holding Weight 0.58%
|
| US TREASURY N/B T 2.625% 15/07/2021
Holding Weight 0.54%
|
| FRANCE O.A.T. FRTR 0.00% 25/03/2024
Holding Weight 0.53%
|
| US TREASURY N/B 2.250% 30/04/2024
Holding Weight 0.52%
|
| Total: 7.07% |
Portfolio Allocation
- • 11.51 United States Equities
- • 9.50 Other Equities
- • 4.42 Britain Bonds
- • 6.81 France Bonds
- • 4.42 Germany Bonds
- • 5.63 Italy Bonds
- • 6.99 Japan Bonds
- • 3.43 Spain Bonds
- • 35.74 United States Bonds
- • 8.59 Other Bonds
- • 2.96 Cash and Others
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