Investment Objective

To maximise long-term capital appreciation in Hong Kong dollar terms within moderate risk parameters and to outperform Hong Kong price inflation over the long term through a professionally managed portfolio, invested in two or more approved pooled investment funds.

Fund Details

Latest Fund Expense Ratio: 1.94%

Launch Date(dd/mm/yyyy): 01/12/2000

Unit Price: HKD 193.35

Fund Size: HKD 5,214.63M

Fund Commentary

The fund recorded -7.94% return in March. Global equities experienced one of their worst months since the 2008 global financial crisis, while volatility spiked. Global fixed income came under stress in late March and ended the month slightly negative as risk sentiment improved. We took down our risk position to below neutral, as many countries begun to shutdown. As this damage is now behind in the East, and ahead in the West, we focused on repositioning from West to East.

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