Investment Objective
To achieve a high level (above market) of overall return over the long term by investing in a diversified portfolio of global equities and fixed-interest securities and is expected to invest 70 per cent of its assets in equities and 30 per cent in fixed-interest securities.
Fund Details
Latest Fund Expense Ratio: 1.44%
Launch Date(dd/mm/yyyy): 01/02/2001
Unit Price: HKD 34.7375
Fund Size: HKD 923.44M
Fund Commentary
US equities started June on a strong footing, recording their strongest weekly gains in two months, as better-than-expected jobs data suggested the economic recovery may be sharper than expected. The rally meant that the S&P 500 Index had recouped all of its losses over the year to date. However, this was followed by the weakest weekly performance since March, as gloomy comments from the Federal Reserve knocked sentiment. European equities recorded solid gains (in EUR terms) in June, boosted by signs of recovery in economic activity and further supportive measures from the European Central Bank.
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 |
| 2.23% |
2.47% |
4.67% |
4.43% |
-3.31 | 2.15 | 23.72 | -12.52 | 12.81 | -1.62 |
Fund Performance Information
| Annualised return |
1 year
(p.a. %) |
5 years
(p.a. %) |
Since Launch
(p.a. %) |
| 2.23% |
2.47% |
4.43% |
| Calendar year return |
| 2015 | 2016 | 2017 | 2018 | 2019 | Year To Date |
| -3.31 | 2.15 | 23.72 | -12.52 | 12.81 | -1.62 |
Top 10 Holdings
| Security name |
Holdings Weight |
| OVERSEA CHINESE BANKING CORP LTD 0.30% 07/07/2020 |
4.40% |
| VANGUARD FTSE DEVELOPED EUROPE ETF |
3.31% |
| TENCENT HOLDINGS LTD |
3.28% |
| ISHARES CORE S&P 500 ETF |
2.80% |
| ALIBABA GROUP HOLDING LTD |
2.41% |
| TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD |
1.95% |
| HONG KONG EXCHANGES AND CLEARING LTD |
1.74% |
| AIA GROUP LTD |
1.72% |
| SAMSUNG ELECTRONICS CO LTD |
1.17% |
| RELIANCE INDUSTRIES LTD |
1.02% |
| Total |
23.8% |
Top 10 Holdings
Security name
Holdings Weight |
| OVERSEA CHINESE BANKING CORP LTD 0.30% 07/07/2020
Holding Weight 4.40%
|
| VANGUARD FTSE DEVELOPED EUROPE ETF
Holding Weight 3.31%
|
| TENCENT HOLDINGS LTD
Holding Weight 3.28%
|
| ISHARES CORE S&P 500 ETF
Holding Weight 2.80%
|
| ALIBABA GROUP HOLDING LTD
Holding Weight 2.41%
|
| TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD
Holding Weight 1.95%
|
| HONG KONG EXCHANGES AND CLEARING LTD
Holding Weight 1.74%
|
| AIA GROUP LTD
Holding Weight 1.72%
|
| SAMSUNG ELECTRONICS CO LTD
Holding Weight 1.17%
|
| RELIANCE INDUSTRIES LTD
Holding Weight 1.02%
|
| Total: 23.8% |
Portfolio Allocation
- • 4 Fixed Deposits
- • 24 Hong Kong/China Equities
- • 23 Fixed Income
- • 15 North America Equities
- • 13 Europe Equities
- • 9 Other Asia Equities
- • 8 Japan Equities
- • 4 Cash and Others
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