Investment Objective
To seek a long-term capital appreciation by investing in a combination of European, Australasian and Far Eastern equity market index-tracking funds. This fund is not an index-tracking fund. This fund is a portfolio management fund investing entirely in approved ITCISs.
Fund Details
Latest Fund Expense Ratio: 0.98%
Launch Date(dd/mm/yyyy): 23/09/2011
Unit Price: HKD 135.46
Fund Size: HKD 329.21M
Fund Commentary
The fund recorded -13.51% return in March. Post COVID-19, we would expect Europe to struggle to generate growth under its debt burden. Elsewhere in Asia, as businesses shut, the services sector was hit most severely. The service sector is smaller as a percentage of the economy in the East (Asia) and larger in the West. As such, we foresee that the impact to Asia economies will be relatively smaller as compared to the West.
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 | Year To Date |
| -17.10% |
-1.54% |
N/A% |
3.63% |
-2.59 | 0.37 | 26.83 | -14.35 | 17.59 | N/A |
Fund Performance Information
| Annualised return |
1 year
(p.a. %) |
5 years
(p.a. %) |
Since Launch
(p.a. %) |
| -17.10% |
-1.54% |
3.63% |
| Calendar year return |
| 2015 | 2016 | 2017 | 2018 | 2019 | Year To Date |
| -2.59 | 0.37 | 26.83 | -14.35 | 17.59 | N/A |
Top 10 Holdings
| Security name |
Holdings Weight |
| AIA GROUP LTD |
3.01% |
| HSBC HOLDINGS PLC |
2.83% |
| TENCENT HOLDINGS LTD |
2.36% |
| NESTLE SA |
2.06% |
| CHINA CONSTRUCTION BANK H |
1.93% |
| ROCHE HOLDING PAR AG |
1.54% |
| PING AN INSURANCE (GROUP) CO OF CHINA LTD H |
1.28% |
| NOVARTIS AG |
1.20% |
| INDUSTRIAL AND COMMERCIAL BANK OF CHINA H |
1.10% |
| CHINA MOBILE LTD |
1.00% |
| Total |
18.31% |
Top 10 Holdings
Security name
Holdings Weight |
| AIA GROUP LTD
Holding Weight 3.01%
|
| HSBC HOLDINGS PLC
Holding Weight 2.83%
|
| TENCENT HOLDINGS LTD
Holding Weight 2.36%
|
| NESTLE SA
Holding Weight 2.06%
|
| CHINA CONSTRUCTION BANK H
Holding Weight 1.93%
|
| ROCHE HOLDING PAR AG
Holding Weight 1.54%
|
| PING AN INSURANCE (GROUP) CO OF CHINA LTD H
Holding Weight 1.28%
|
| NOVARTIS AG
Holding Weight 1.20%
|
| INDUSTRIAL AND COMMERCIAL BANK OF CHINA H
Holding Weight 1.10%
|
| CHINA MOBILE LTD
Holding Weight 1.00%
|
| Total: 18.31% |
Portfolio Allocation
- • 4.49 Australia
- • 13.65 Britain
- • 9.84 China
- • 8.28 France
- • 6.34 Germany
- • 12.69 Hong Kong
- • 20.22 Japan
- • 8.22 Switzerland
- • 3.20 The Netherlands
- • 11.86 Other Countries
- • 1.21 Cash and Others
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