Investment Objective
To provide investors with long-term capital growth within a controlled risk-return framework through investing mainly in listed securities of companies that derive or are expected to derive a significant portion of their revenues from goods produced or sold, investments made, or services performed in Greater China, which includes the People's Republic of China (PRC), the Special Administrative Regions of Hong Kong and Macau and Taiwan (the“Greater China Securities").
Fund Details
Latest Fund Expense Ratio: 1.33%
Launch Date(dd/mm/yyyy): 04/01/2010
Unit Price: HKD 13.9758
Fund Size: HKD 396.34M
Fund Commentary
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. Global central banks have taken aggressive measures, including rate cuts and quantitative easing to support the economy and solve the liquidity crisis. We maintain a positive view on the healthcare sector as we see increasing demand in healthcare infrastructure, particular after the COVID-19 outbreak. Taiwan’s equity market was down in March due to supply chain disruption amid the COVID-19 pandemic. The communication service sector outperformed while the export sector underperformed the market.
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 |
-5.70% |
2.26% |
3.69% |
3.32% |
-7.05 | 0.40 | 39.93 | -14.91 | 21.18 | -12.04 |
Fund Performance Information
Annualised return |
1 year (p.a. %) |
5 years (p.a. %) |
Since launch (p.a. %) |
-5.70% |
2.26% |
3.32% |
Calendar year return |
2015 | 2016 | 2017 | 2018 | 2019 | YTD |
-7.05 | 0.40 | 39.93 | -14.91 | 21.18 | -12.04 |
Top 10 Holdings
Security name |
Holdings Weight |
TENCENT HOLDINGS LTD |
9.60% |
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD |
8.18% |
AIA GROUP LTD |
6.00% |
HONG KONG EXCHANGES & CLEARING |
4.44% |
CHINA CONSTRUCTION BANK |
3.40% |
E.SUN FINANCIAL HOLDING CO LTD |
3.12% |
EVER SUNSHINE LIFESTYLE SERVICES GROUP LTD |
2.57% |
MEDIATEK INC |
2.50% |
MEITUAN DIANPING |
2.44% |
ZOOMLION HEAVY INDUSTRY SCIENCE AND TECHNOLOGY CO LTD |
2.16% |
Total |
44.41% |
Top 10 Holdings
Security name Holdings Weight |
TENCENT HOLDINGS LTD
Holding Weight 9.60%
|
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD
Holding Weight 8.18%
|
AIA GROUP LTD
Holding Weight 6.00%
|
HONG KONG EXCHANGES & CLEARING
Holding Weight 4.44%
|
CHINA CONSTRUCTION BANK
Holding Weight 3.40%
|
E.SUN FINANCIAL HOLDING CO LTD
Holding Weight 3.12%
|
EVER SUNSHINE LIFESTYLE SERVICES GROUP LTD
Holding Weight 2.57%
|
MEDIATEK INC
Holding Weight 2.50%
|
MEITUAN DIANPING
Holding Weight 2.44%
|
ZOOMLION HEAVY INDUSTRY SCIENCE AND TECHNOLOGY CO LTD
Holding Weight 2.16%
|
Total: 44.41% |
Portfolio Allocation
- • 25.5 Financials
- • 16.7 Information Technology
- • 11.8 Communication Services
- • 9.8 Properties
- • 7.7 Industrials
- • 6.1 Consumer Discretionary
- • 3.8 Consumer Staples
- • 3.3 Health Care
- • 3.2 Utilities
- • 2.0 Materials
- • 1.6 Energy
- • 8.5 Cash & Others
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