Investment Objective
Achieve long-term capital growth through investing in a portfolio of carefully selected quoted securities on regulated stock exchanges in Asia Pacific, excluding Japan.
Fund Details
Latest Fund Expense Ratio: 1.47%
Launch Date(dd/mm/yyyy): 01/12/2000
Unit Price: HKD 23.73
Fund Size: HKD 2,612.95M
Fund Commentary
Since the beginning of this year, different Asian MSCI country indices have declined from 10% to 30%. South East Asian countries have been hurt the most, country indices of Philippines, Indonesia and Thailand dropped by 32%, 30% and 29% respectively. Countries’ whose economy depends heavily on tourism are expected to have a sustained impact on their economy given the travel bans and social distancing policies widely adopted by countries around the world. The fund has underperformed the FTSE MPF Asia Pacific ex Japan Index in the first quarter of 2020. Positive stock selection is evident in Korea by country/region and Industrials by sector, offset by the detraction in Consumer Goods by sector, Australia and Hong Kong by country/region.
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 |
| -21.40% |
-2.35% |
0.29% |
4.57% |
-12.64 | 7.41 | 33.02 | -15.41 | 16.82 | -25.40 |
Fund Performance Information
| Annualised return |
1 year
(p.a. %) |
5 years
(p.a. %) |
Since Launch
(p.a. %) |
| -21.40% |
-2.35% |
4.57% |
| Calendar year return |
| 2015 | 2016 | 2017 | 2018 | 2019 | Year To Date |
| -12.64 | 7.41 | 33.02 | -15.41 | 16.82 | -25.40 |
Top 10 Holdings
| Security name |
Holdings Weight |
| Tencent Holdings |
7.9% |
| Samsung Electronics Co Ltd |
6.1% |
| Taiwan Semiconductor Manufacturing Co |
5.9% |
| AIA Group |
4.8% |
| Commonwealth Bank of Australia |
3.4% |
| China Life Insurance Co Ltd H SHS |
2.5% |
| SK Hynix Inc |
2.1% |
| Samsung Electro-Mechanics Co |
2.0% |
| MediaTek Inc |
1.9% |
| China Telecom Corp Ltd - H |
1.6% |
| Total |
38.2% |
Top 10 Holdings
Security name
Holdings Weight |
| Tencent Holdings
Holding Weight 7.9%
|
| Samsung Electronics Co Ltd
Holding Weight 6.1%
|
| Taiwan Semiconductor Manufacturing Co
Holding Weight 5.9%
|
| AIA Group
Holding Weight 4.8%
|
| Commonwealth Bank of Australia
Holding Weight 3.4%
|
| China Life Insurance Co Ltd H SHS
Holding Weight 2.5%
|
| SK Hynix Inc
Holding Weight 2.1%
|
| Samsung Electro-Mechanics Co
Holding Weight 2.0%
|
| MediaTek Inc
Holding Weight 1.9%
|
| China Telecom Corp Ltd - H
Holding Weight 1.6%
|
| Total: 38.2% |
Portfolio Allocation
- • 40.7 China & Hong Kong
- • 15.3 Korea
- • 13.5 Taiwan
- • 11.9 Australia
- • 8.8 India
- • 5.0 Cash & Others
- • 1.2 Indonesia
- • 1.1 Singapore
- • 1.0 Thailand
- • 0.8 Malaysia
- • 0.5 New Zealand
- • 0.2 Philippines
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