Investment Objective

To provide investors with long-term capital growth in US dollar terms through a portfolio consisting primarily of securities of companies based or operating principally in the Asia-Pacific region, excluding Japan and Hong Kong. This fund is a feeder fund investing entirely in an approved pooled investment fund.

Fund Details

Latest Fund Expense Ratio: 1.94%

Launch Date(dd/mm/yyyy): 01/12/2004

Unit Price: HKD 180.07

Fund Size: HKD 3,183.78M

Fund Commentary

The fund recorded -18.6% return in March. Asian equities plunged in March, global central banks and governments aggressively cut rates and announced various programs to help restore liquidity and support economies. All Asian markets fell with North Asian markets fared better than South Asian markets. For the fund performance, the overweight in IT, the underweight in real estate and the stock selection in materials added the most value. Meanwhile, the allocation to China and stock selection in Hong Kong helped. There are still many unknowns on the future path of markets, but we do know that historically these have proved to be attractive entry point valuation levels for the long term investor.

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