The Haitong Global Diversification Fund will be invested in an Approved Pooled Investment Fund managed by the Investment Manager. The investments of the Approved Pooled Investment Fund will mainly invest globally in blue-chip equity and equity-related securities listed on approved stock exchanges, although it may from time to time invest in money market and/or other fixed income instruments.

Latest Fund Expense Ratio: 1.43%

Launch Date(dd/mm/yyyy): 01/02/2001

Unit Price: HKD 15.71

Fund Size: HKD 83.32M

Global equity markets tumbled in the first quarter of 2020. Markets began the new year in a good mood and continued climbing to welcome the signing of a phase one trade deal between the U.S. and China in January. Volatility picked up when investors received the news of the outbreak of a new coronavirus in China. In the first two weeks of February, investor believed that the negative effects caused by coronavirus would be localized and short-term, the U.S. markets slowly climbed and recorded historical high as the seasonal earnings of a slew of companies came better than expected. However, when the infection rate of coronavirus outside China quickly added, investor realized that the outbreak could be worldwide and worse than expected. As a result, risk-off sentiment was triggered, which led the markets to fall sharply towards the end of March. In the U.S., all of the main indexes recorded significant loss in the first quarter of 2020, with the S&P 500, the Dow, and the Nasdaq down by 20.00%, 23.20% and 14.18%, respectively.