Investment Objective

To achieve long term capital appreciation within a controlled risk-return framework through investing mainly in Asian ex-Japan equities, with some exposure in debt securities / money market instruments.

Fund Details

Latest Fund Expense Ratio: 1.34%

Launch Date(dd/mm/yyyy): 31/01/2012

Unit Price: HKD 11.6626

Fund Size: HKD 155.89M

Fund Commentary

Coronavirus fears continue to dominate the market movement. In March, the MSCI Asia Pacific ex-Japan Index fell sharply mainly led by Australia, India and ASEAN.The pandemic and oil shocks led to a global sell-off across financial markets, both onshore and offshore Chinese equities experienced a sharp correction. The sell-off led to concerns about liquidity and credit risk. Australian market’s underperformance was broad-based and mainly led by the energy sector. The market concerns on global growth and disagreement of the OPEC+ meeting in March triggered the sharp decline in oil price.

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