Investment Objective

To achieve long term capital growth by investing primarily in Asian equities, principally in equity markets of Asia.

Fund Details

Latest Fund Expense Ratio: 1.22%

Launch Date(dd/mm/yyyy): 01/08/2004

Unit Price: HKD 61.5703

Fund Size: HKD 1,227.86M

Fund Commentary

Equity markets in Asia surged at the start of June, fuelled by optimism towards a promising economic recovery and additional support measures from governments and central banks. Whilst this development was partly tempered by concerns over a second wave of COVID-19 infections and dampened central bank predictions for the global economy, currencies in this region appreciated against the USD and further added to performance. Taiwanese stocks saw gains over the month, as technology equities recovered from losses due to the US-China tensions in May, whilst Korean equities trended higher. ASEAN markets advanced but lagged gains in China and Hong Kong. The Philippines was the standout market, with market surge taking gains by 40% over the March lows. Thailand was the only market to retreat over the month.

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