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: 1.21%

Launch Date(dd/mm/yyyy): 01/12/2000

Unit Price: HKD 36.0091

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.

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