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.
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 |
-22.26% |
-2.79% |
0.08% |
3.91% |
-10.05 | 6.43 | 30.23 | -12.97 | 15.64 | N/A |
Fund Performance Information
Annualised return |
1 year (p.a. %) |
5 years (p.a. %) |
Since Launch (p.a. %) |
-22.26% |
-2.79% |
3.91% |
Calendar year return |
2015 | 2016 | 2017 | 2018 | 2019 | Year To Date |
-10.05 | 6.43 | 30.23 | -12.97 | 15.64 | N/A |
Top 10 Holdings
Security name |
Holdings Weight |
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD |
9.83% |
SAMSUNG ELECTRONICS CO LTD |
9.54% |
CSL LTD |
4.27% |
BHP BILLITON LTD |
3.41% |
RELIANCE INDUSTRIES |
3.13% |
SK HYNIX INC |
2.93% |
HOUSING DEVELOPMENT FINANCE CORP LTD |
2.56% |
RIO TINTO |
2.04% |
INFOSYS LTD |
1.92% |
AUSTRALIA & NEW ZEALAND BANKING GROUP LTD |
1.81% |
Total |
41.44% |
Top 10 Holdings
Security name Holdings Weight |
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD
Holding Weight 9.83%
|
SAMSUNG ELECTRONICS CO LTD
Holding Weight 9.54%
|
CSL LTD
Holding Weight 4.27%
|
BHP BILLITON LTD
Holding Weight 3.41%
|
RELIANCE INDUSTRIES
Holding Weight 3.13%
|
SK HYNIX INC
Holding Weight 2.93%
|
HOUSING DEVELOPMENT FINANCE CORP LTD
Holding Weight 2.56%
|
RIO TINTO
Holding Weight 2.04%
|
INFOSYS LTD
Holding Weight 1.92%
|
AUSTRALIA & NEW ZEALAND BANKING GROUP LTD
Holding Weight 1.81%
|
Total: 41.44% |
Portfolio Allocation
- • 25.37 Australia
- • 17.23 India
- • 2.54 Indonesia
- • 22.49 Korea
- • 1.61 New Zealand
- • 3.12 Singapore
- • 20.69 Taiwan
- • 3.34 Other Countries
- • 3.61 Cash and Others
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