Investment Objective
To maximize long term overall returns by investing solely in the Allianz Choice Growth Fund which is an APIF and in turn invests primarily in global equities.
Fund Details
Latest Fund Expense Ratio: 1.22%
Launch Date(dd/mm/yyyy): 10/07/2009
Unit Price: HKD 14.5504
Fund Size: HKD 54.77M
Fund Commentary
Global equities plummeted over March. Despite a late-month bounce, most markets entered an official bear market, defined as a decline of at least 20% from a recent peak. With coronavirus cases spreading across continents, the World Health Organisation declared the COVID-19 outbreak a pandemic. Travel restrictions and draconian quarantine measures were implemented across the world to avoid overloading health systems, and fears grew that the global economy would be plunged into a severe recession. All sectors registered doubledigit declines with energy stocks falling the most as a price war between Russia and Saudi Arabia caused oil prices to hit an 18-year low.
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 |
| -11.81% |
-0.18% |
2.50% |
3.56% |
-4.62 | 1.09 | 28.70 | -14.85 | 16.28 | N/A |
Fund Performance Information
| Annualised return |
1 year
(p.a. %) |
5 years
(p.a. %) |
Since launch
(p.a. %) |
| -11.81% |
-0.18% |
3.56% |
| Calendar year return |
| 2015 | 2016 | 2017 | 2018 | 2019 | YTD |
| -4.62 | 1.09 | 28.70 | -14.85 | 16.28 | N/A |
Top 10 Holdings
| Security name |
Holdings Weight |
| Ishares Core S&P 500 ETF |
4.29% |
| Tencent Hldgs Ltd |
3.83% |
| Vanguard FTSE Developed Europe ETF |
3.23% |
| Alibaba Group Hldg Ltd |
2.66% |
| AIA Group Ltd |
2.52% |
| Taiwan Semiconductor Manufacturing Co Ltd |
2.42% |
| Hong Kong Exchanges & Clearing Ltd |
1.80% |
| Samsung Electronics Co Ltd |
1.59% |
| Ishares MSCI Australia ETF |
1.54% |
| China Construction Bank- H share |
1.16% |
| Total |
25.04% |
Top 10 Holdings
Security name
Holdings Weight |
| Ishares Core S&P 500 ETF
Holding Weight 4.29%
|
| Tencent Hldgs Ltd
Holding Weight 3.83%
|
| Vanguard FTSE Developed Europe ETF
Holding Weight 3.23%
|
| Alibaba Group Hldg Ltd
Holding Weight 2.66%
|
| AIA Group Ltd
Holding Weight 2.52%
|
| Taiwan Semiconductor Manufacturing Co Ltd
Holding Weight 2.42%
|
| Hong Kong Exchanges & Clearing Ltd
Holding Weight 1.80%
|
| Samsung Electronics Co Ltd
Holding Weight 1.59%
|
| Ishares MSCI Australia ETF
Holding Weight 1.54%
|
| China Construction Bank- H share
Holding Weight 1.16%
|
| Total: 25.04% |
Portfolio Allocation
- • 15.80 Europe Equities
- • 30.61 Hong Kong Equities
- • 10.60 Japan Equities
- • 19.91 North America Equities
- • 10.10 Other Asia Equities
- • 5.10 Other Fixed Income
- • 7.88 Cash & Others
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