Investment Objective
To provide investment results that closely correspond to the performance of the Hang Seng Index ("Index").
Fund Details
Latest Fund Expense Ratio: 0.71%
Launch Date(dd/mm/yyyy): 31/01/2012
Unit Price: HKD 13.4367
Fund Size: HKD 89.78M
Fund Commentary
Hong Kong stock market had a sharp correction in March. Macau gaming stocks underperformed while consumer staples held up relatively better.The current valuation of Hong Kong equity market is not demanding. We remain constructive towards Hong Kong equities in the long term due to global central banks’ easing measures.
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 | YTD |
| -16.51% |
1.50% |
N/A% |
3.68% |
-5.04 | 2.69 | 39.28 | -10.93 | 12.25 | -16.20 |
Fund Performance Information
| Annualised return |
1 year
(p.a. %) |
5 years
(p.a. %) |
Since launch
(p.a. %) |
| -16.51% |
1.50% |
3.68% |
| Calendar year return |
| 2015 | 2016 | 2017 | 2018 | 2019 | YTD |
| -5.04 | 2.69 | 39.28 | -10.93 | 12.25 | -16.20 |
Top 10 Holdings
| Security name |
Holdings Weight |
| TENCENT HOLDINGS LTD |
12.82% |
| AIA GROUP LTD |
9.91% |
| CHINA CONSTRUCTION BANK |
8.78% |
| HSBC HOLDINGS PLC |
8.51% |
| PING AN INSURANCE GROUP CO |
5.44% |
| INDUSTRIAL & COMMERCIAL BANK OF CHINA LTD |
5.01% |
| CHINA MOBILE LTD |
4.53% |
| HONG KONG EXCHANGES & CLEARING |
3.58% |
| BANK OF CHINA LTD |
3.02% |
| CNOOC LTD |
1.86% |
| Total |
63.46% |
Top 10 Holdings
Security name
Holdings Weight |
| TENCENT HOLDINGS LTD
Holding Weight 12.82%
|
| AIA GROUP LTD
Holding Weight 9.91%
|
| CHINA CONSTRUCTION BANK
Holding Weight 8.78%
|
| HSBC HOLDINGS PLC
Holding Weight 8.51%
|
| PING AN INSURANCE GROUP CO
Holding Weight 5.44%
|
| INDUSTRIAL & COMMERCIAL BANK OF CHINA LTD
Holding Weight 5.01%
|
| CHINA MOBILE LTD
Holding Weight 4.53%
|
| HONG KONG EXCHANGES & CLEARING
Holding Weight 3.58%
|
| BANK OF CHINA LTD
Holding Weight 3.02%
|
| CNOOC LTD
Holding Weight 1.86%
|
| Total: 63.46% |
Portfolio Allocation
- • 0.2 Cash & Others
- • 1.3 Information Technology
- • 1.8 Health Care
- • 2.7 Consumer Staples
- • 3.8 Consumer Discretionary
- • 4.3 Industrials
- • 4.5 Energy
- • 4.6 Utilities
- • 10.7 Properties
- • 48.4 Financials
- • 17.7 Communication Services
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