Investment Objective

The investment objective of the constituent fund is to produce returns that are related to those achieved on the major stock market indices of Hong Kong.

Fund Details

Latest Fund Expense Ratio: 1.00%

Launch Date(dd/mm/yyyy): 23/12/2011

Unit Price: HKD 15.0

Fund Size: HKD 261.79M

Fund Commentary

Chinese equities declined as a surge in the number of COVID-19 cases across the globe triggered a sharp sell-off in equity markets. Nonetheless, stocks were supported on expectations that the government will provide additional stimulus measures to mitigate the economic impact of the outbreak. In key developments, China took several substantial measures to curtail the contagion, including the imposition of large-scale quarantines and travel restrictions. The government also adopted a package of policies to support the resumption of work and production, including fiscal, monetary, financial and trade policies. Sentiment towards the Hong Kong stock market weakened over fears of a virus-induced recession. In its annual budget, the government unveiled a record budget deficit, pledging cash handouts to residents and business tax breaks to soften the blow to the recession-hit economy. The portfolio generated negative returns over the quarter.

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