Investment Objective

To provide members with long-term capital appreciation. The underlying APIF invests in a portfolio consisting primarily of Hong Kong dollar denominated bonds (Including government and corporate bonds)

Fund Details

Latest Fund Expense Ratio: 1.09%

Launch Date(dd/mm/yyyy): 01/10/2009

Unit Price: HKD 1.2512

Fund Size: HKD 1,357.4M

Fund Commentary

In Q1, the US Treasury yields fell across the curve, the 2-year Treasury yield decreased by 1.32% to 0.25%, while the 10-year Treasury yield increased by 1.25% to 0.67%. In the US, the Fed slashed its benchmark rates to near zero, and announced that it would conduct quantitative easing in an unlimited fashion and some new lending facilities. The US government reached a deal on a USD 2 trillion fiscal package.

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