Investment Objective
To provide investors with capital preservation combined with steady capital appreciation over the long term by investing in a diversified portfolio of global equities and fixed-interest securities and is expected to invest 30 per cent of its assets in equities and 70 per cent in fixedinterest securities
Fund Details
Latest Fund Expense Ratio: 1.25%
Launch Date(dd/mm/yyyy): 01/02/2001
Unit Price: HKD 30.5804
Fund Size: HKD 514.01M
Fund Commentary
US Treasuries initially sold off as better-than-expected jobs data raised hopes of a V-shaped economic recovery. The yield on the 10-year US Treasury bond traded back above 0.9%, its highest level since mid-March, before yields fell once more as the Federal Reserve reiterated its gloomy economic outlook. In Europe, German Bund yields closed the month with little changed, but peripheral eurozone bonds fared better.
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 |
| 3.31% |
2.38% |
3.01% |
3.74% |
-2.97 | 0.99 | 12.49 | -6.12 | 8.75 | 0.79 |
Fund Performance Information
| Annualised return |
1 year
(p.a. %) |
5 years
(p.a. %) |
Since Launch
(p.a. %) |
| 3.31% |
2.38% |
3.74% |
| Calendar year return |
| 2015 | 2016 | 2017 | 2018 | 2019 | Year To Date |
| -2.97 | 0.99 | 12.49 | -6.12 | 8.75 | 0.79 |
Top 10 Holdings
| Security name |
Holdings Weight |
| OVERSEA CHINESE BANKING CORP LTD 0.30% 07/07/2020 |
4.94% |
| VANGUARD FTSE DEVELOPED EUROPE ETF |
3.08% |
| ISHARES CORE S&P 500 ETF |
2.94% |
| US TREASURY 2.375% 15/05/2029 |
1.50% |
| US TREASURY N/B 2.875% 15/11/2046 |
1.49% |
| TENCENT HOLDINGS LTD |
1.42% |
| US TREASURY N/B 2.375% 15/05/2027 |
1.33% |
| US TREASURY N/B 2.50% 15/02/2046 |
1.31% |
| US TREASURY 3.375% 15/11/2048 |
1.13% |
| ALIBABA GROUP HOLDING LTD |
1.12% |
| Total |
20.26% |
Top 10 Holdings
Security name
Holdings Weight |
| OVERSEA CHINESE BANKING CORP LTD 0.30% 07/07/2020
Holding Weight 4.94%
|
| VANGUARD FTSE DEVELOPED EUROPE ETF
Holding Weight 3.08%
|
| ISHARES CORE S&P 500 ETF
Holding Weight 2.94%
|
| US TREASURY 2.375% 15/05/2029
Holding Weight 1.50%
|
| US TREASURY N/B 2.875% 15/11/2046
Holding Weight 1.49%
|
| TENCENT HOLDINGS LTD
Holding Weight 1.42%
|
| US TREASURY N/B 2.375% 15/05/2027
Holding Weight 1.33%
|
| US TREASURY N/B 2.50% 15/02/2046
Holding Weight 1.31%
|
| US TREASURY 3.375% 15/11/2048
Holding Weight 1.13%
|
| ALIBABA GROUP HOLDING LTD
Holding Weight 1.12%
|
| Total: 20.26% |
Portfolio Allocation
- • 3 Japan Equities
- • 4 Other Asia Equities
- • 6 Cash and Others
- • 6 Europe Equities
- • 7 North America Equities
- • 8 Fixed Deposits
- • 10 Hong Kong/China Equities
- • 56 Fixed Income
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