To seek income and capital gains over the long run. by investing: (i) 60% – 70% of its assets in an APIF, Allianz Choice RMB Money Market Fund, a subfund of Allianz Global Investors Choice Fund; and (ii) 30% – 40% of its assets in another APIF, Allianz Choice HK$ Cash Fund, a sub-fund of Allianz Global Investors Choice Fund. Ranges of asset allocations are for indication only and may have short term variation due to changing market conditions and fluctuation.
Latest Fund Expense Ratio: 1.18%
Launch Date(dd/mm/yyyy): 01/10/2013
Unit Price: HKD 14.6572
Fund Size: HKD 72.68M
The offshore RMB strengthened 0.9% against the USD in June; this was mainly due to the weaker USD as risk-on sentiment dominated. In addition, the currency was helped by news about China intending to increase its purchases of US agricultural goods in line with its trade deal commitments. On the other hand, negative headlines such as clashes with India and a resurgence of COVID-19 cases in Beijing have had limited impact on the currency
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