Investment Objective
To achieve a stable overall return over the long term by investing in a diversified portfolio of global equities and fixed-interest securities and is expected to invest 50 per cent of its assets in equities and 50 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 32.7270
Fund Size: HKD 897.87M
Fund Commentary
Global equities rallied over June. US stocks closed June modestly higher, despite worries that lockdown measures would have to be re-imposed in states that were seeing a surge in new COVID-19 infections. 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. Global government bond yields initially trended higher, but later fell again as the Federal Reserve reiterated its gloomy economic outlook.
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 | YTD |
| 3.11% |
2.41% |
3.75% |
4.11% |
-3.71 | 1.47 | 17.29 | -9.13 | 11.30 | -0.22 |
Fund Performance Information
| Annualised return |
1 year
(p.a. %) |
5 years
(p.a. %) |
Since launch
(p.a. %) |
| 3.11% |
2.41% |
4.11% |
| Calendar year return |
| 2015 | 2016 | 2017 | 2018 | 2019 | YTD |
| -3.71 | 1.47 | 17.29 | -9.13 | 11.30 | -0.22 |
Top 10 Holdings
| Security name |
Holdings Weight |
| OVERSEA CHINESE BANKING CORP LTD 0.30% 07/07/2020 |
4.31% |
| VANGUARD FTSE DEVELOPED EUROPE ETF |
3.49% |
| ISHARES CORE S&P 500 ETF |
2.91% |
| TENCENT HOLDINGS LTD |
2.34% |
| ALIBABA GROUP HOLDING LTD |
1.73% |
| TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD |
1.43% |
| HONG KONG EXCHANGES AND CLEARING LTD |
1.26% |
| AIA GROUP LTD |
1.23% |
| US TREASURY 2.375% 15/05/2029 |
1.10% |
| US TREASURY N/B 2.875% 15/11/2046 |
1.10% |
| Total |
20.9% |
Top 10 Holdings
Security name
Holdings Weight |
| OVERSEA CHINESE BANKING CORP LTD 0.30% 07/07/2020
Holding Weight 4.31%
|
| VANGUARD FTSE DEVELOPED EUROPE ETF
Holding Weight 3.49%
|
| ISHARES CORE S&P 500 ETF
Holding Weight 2.91%
|
| TENCENT HOLDINGS LTD
Holding Weight 2.34%
|
| ALIBABA GROUP HOLDING LTD
Holding Weight 1.73%
|
| TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD
Holding Weight 1.43%
|
| HONG KONG EXCHANGES AND CLEARING LTD
Holding Weight 1.26%
|
| AIA GROUP LTD
Holding Weight 1.23%
|
| US TREASURY 2.375% 15/05/2029
Holding Weight 1.10%
|
| US TREASURY N/B 2.875% 15/11/2046
Holding Weight 1.10%
|
| Total: 20.9% |
Portfolio Allocation
- • 5 Cash and Others
- • 5 Japan Equities
- • 7 Other Asia Equities
- • 10 Europe Equities
- • 11 North America Equities
- • 17 Hong Kong/China Equities
- • 4 Fixed Deposits
- • 41 Fixed Income
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