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.
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 |
-12.96% |
0.07% |
N/A% |
1.90% |
-9.65 | 2.78 | 42.05 | -17.69 | 17.53 | -18.24 |
Fund Performance Information
Annualised return |
1 year (p.a. %) |
5 years (p.a. %) |
Since launch (p.a. %) |
-12.96% |
0.07% |
1.90% |
Calendar year return |
2015 | 2016 | 2017 | 2018 | 2019 | YTD |
-9.65 | 2.78 | 42.05 | -17.69 | 17.53 | -18.24 |
Top 10 Holdings
Security name |
Holdings Weight |
SAMSUNG ELECTRONICS CO LTD |
6.59% |
AIA GROUP LTD |
3.25% |
SK HYNIX INC |
2.25% |
A-LIVING SERVICES CO LTD |
1.70% |
LARGAN PRECISION CO LTD |
1.69% |
SAMSUNG ELECTRONICS CO LTD |
1.67% |
CHINA CONSTRUCTION BANK |
1.60% |
MEDIATEK INC |
1.45% |
MEITUAN DIANPING |
1.36% |
CHINA MOBILE LTD |
1.34% |
Total |
22.9% |
Top 10 Holdings
Security name Holdings Weight |
SAMSUNG ELECTRONICS CO LTD
Holding Weight 6.59%
|
AIA GROUP LTD
Holding Weight 3.25%
|
SK HYNIX INC
Holding Weight 2.25%
|
A-LIVING SERVICES CO LTD
Holding Weight 1.70%
|
LARGAN PRECISION CO LTD
Holding Weight 1.69%
|
SAMSUNG ELECTRONICS CO LTD
Holding Weight 1.67%
|
CHINA CONSTRUCTION BANK
Holding Weight 1.60%
|
MEDIATEK INC
Holding Weight 1.45%
|
MEITUAN DIANPING
Holding Weight 1.36%
|
CHINA MOBILE LTD
Holding Weight 1.34%
|
Total: 22.9% |
Portfolio Allocation
- • 0.4 Thailand
- • 0.7 United Kingdom
- • 1.0 Macau
- • 1.2 Malaysia
- • 1.3 Philippines
- • 1.8 Indonesia
- • 2.7 Singapore
- • 7.3 India
- • 10.6 Hong Kong
- • 5.5 Cash & Others
- • 35.8 China
- • 16.3 South Korea
- • 15.4 Taiwan
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