Investment Objective
To build real wealth over the long term, to focus investment into the global equity markets and to have the flexibility to invest in global bonds.
Fund Details
Latest Fund Expense Ratio: 1.81%
Launch Date(dd/mm/yyyy): 01/12/2010
Unit Price: HKD 128.09
Fund Size: HKD 2,098.36M
Fund Commentary
The fund recorded -10.33% 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. Oil prices crashed after Saudi Arabia and Russia headed for a full-blown price war, leading to a supply glut in an already subdued demand environment caused by travel restrictions. March witnessed the fastest crash in history, with European equities falling 35% intra-month before making a partial recovery. We have a moderate positive stance on bonds and cash over equities in term of asset allocation.
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 |
| -10.87% |
0.69% |
N/A% |
2.69% |
-2.26 | 0.31 | 27.80 | -12.79 | 19.50 | N/A |
Fund Performance Information
| Annualised return |
1 year
(p.a. %) |
5 years
(p.a. %) |
Since launch
(p.a. %) |
| -10.87% |
0.69% |
2.69% |
| Calendar year return |
| 2015 | 2016 | 2017 | 2018 | 2019 | YTD |
| -2.26 | 0.31 | 27.80 | -12.79 | 19.50 | N/A |
Top 10 Holdings
| Security name |
Holdings Weight |
| TENCENT HOLDINGS LIMITED |
3.88% |
| AIA GROUP LTD |
2.35% |
| INDUSTRIAL AND COMMERCIAL BANK OF CHINA H |
2.06% |
| ALIBABA GROUP |
1.93% |
| CHINA CONSTRUCTION BANK H |
1.65% |
| HSBC HOLDINGS PLC |
1.65% |
| CHINA MOBILE LTD |
1.22% |
| MICROSOFT CORP |
1.09% |
| PING AN INSURANCE (GROUP) CO OF CHINA LTD H |
1.04% |
| AMAZON COM INC |
1.00% |
| Total |
17.87% |
Top 10 Holdings
Security name
Holdings Weight |
| TENCENT HOLDINGS LIMITED
Holding Weight 3.88%
|
| AIA GROUP LTD
Holding Weight 2.35%
|
| INDUSTRIAL AND COMMERCIAL BANK OF CHINA H
Holding Weight 2.06%
|
| ALIBABA GROUP
Holding Weight 1.93%
|
| CHINA CONSTRUCTION BANK H
Holding Weight 1.65%
|
| HSBC HOLDINGS PLC
Holding Weight 1.65%
|
| CHINA MOBILE LTD
Holding Weight 1.22%
|
| MICROSOFT CORP
Holding Weight 1.09%
|
| PING AN INSURANCE (GROUP) CO OF CHINA LTD H
Holding Weight 1.04%
|
| AMAZON COM INC
Holding Weight 1.00%
|
| Total: 17.87% |
Portfolio Allocation
- • 16.52 Europe Equities
- • 30.46 Hong Kong Equities
- • 11.81 Japan Equities
- • 16.90 United States Equities
- • 12.21 Other Equities
- • 4.97 Hong Kong Dollar Bonds
- • 7.06 Other Bonds
- • 0.07 Cash and Others
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