Investment Objective
Achieve long-term capital growth through primarily investing in a portfolio of carefully selected shares traded on different global markets.
Fund Details
Latest Fund Expense Ratio: N/A%
Launch Date(dd/mm/yyyy): 01/07/2019
Unit Price: HKD 12.51
Fund Size: HKD 111.92M
Fund Commentary
Global equities fell sharply in the first quarter of 2020 as volatility surged at record levels and investor sentiment became increasingly risk averse amidst coronavirus disease (COVID-19) global pandemic, contagion containment lockdown measures, and a steep deterioration in global economic outlook. Oil price plunged on COVID-19-stemmed weaker demand outlook and, later in the quarter, the Saudi Arabia – Russia price war. In this risk-off environment, shares across both developed and emerging markets tumbled, with emerging equities slightly underperforming over the period as the US dollar strength and the plunge in oil prices proved additional headwinds.Looking at the quarterly performance, our allocation to Latin America and Japanese equities contributed to performance. From selection perspective, our selection in North American equities contributed to performance, while our selection in Global and European equities weighed on performance.
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 |
| N/A% |
N/A% |
N/A% |
N/A% |
N/A | N/A | N/A | N/A | 8.67 | -21.42 |
Fund Performance Information
| Annualised return |
1 year
(p.a. %) |
5 years
(p.a. %) |
Since launch
(p.a. %) |
| N/A% |
N/A% |
N/A% |
| Calendar year return |
| 2015 | 2016 | 2017 | 2018 | 2019 | YTD |
| N/A | N/A | N/A | N/A | 8.67 | -21.42 |
Top 10 Holdings
| Security name |
Holdings Weight |
| Microsoft Corp |
3.4% |
| Apple Inc |
2.7% |
| Amazon.Com |
2.1% |
| Facebook |
1.0% |
| Alphabet |
0.9% |
| VISA Inc-Class A Shares |
0.9% |
| Google |
0.9% |
| Intel Corp |
0.8% |
| Roche Holding AG-Genusschein |
0.8% |
| Verizon Communications Inc |
0.8% |
| Total |
14.3% |
Top 10 Holdings
Security name
Holdings Weight |
| Microsoft Corp
Holding Weight 3.4%
|
| Apple Inc
Holding Weight 2.7%
|
| Amazon.Com
Holding Weight 2.1%
|
| Facebook
Holding Weight 1.0%
|
| Alphabet
Holding Weight 0.9%
|
| VISA Inc-Class A Shares
Holding Weight 0.9%
|
| Google
Holding Weight 0.9%
|
| Intel Corp
Holding Weight 0.8%
|
| Roche Holding AG-Genusschein
Holding Weight 0.8%
|
| Verizon Communications Inc
Holding Weight 0.8%
|
| Total: 14.3% |
Portfolio Allocation
- • 56.1 United States
- • 11.7 Other Equities
- • 8.1 Japan
- • 4.4 China & Hong Kong
- • 4.1 United Kingdom
- • 3.4 Switzerland
- • 3.1 France
- • 2.3 Australia
- • 2.3 Canada
- • 2.0 Germany
- • 1.3 Cash & Others
- • 1.2 Netherlands
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