Investment Objective

To produce a positive return over the long term and to focus investment towards less volatile assets of bonds and cash whilst retaining some equity exposure.To maintain a broad geographic diversification with a bias towards Hong Kong, and to ensure that the risk to the capital base is limited in the short term. This fund is a feeder fund investing entirely in an approved pooled investment fund.

Fund Details

Latest Fund Expense Ratio: 1.79%

Launch Date(dd/mm/yyyy): 01/12/2010

Unit Price: HKD 118.91

Fund Size: HKD 1,091.87M

Fund Commentary

The fund recorded -3.69% return in March. Asia Pacific ex Japan equities declined in March amid a global sell-off due to growing risk aversion in light of the COVID-19 outbreak. US equities declined significantly due to the spread of the COVID-19 pandemic. March witnessed the fastest crash in history, with European equities falling 35% intra-month before making a partial recovery. Fixed income markets posted mixed returns, with government bonds outperforming corporate bonds. We have a moderate positive stance on bonds and cash over equities in term of asset allocation.

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