Investment Objective
The Haitong Hong Kong SAR Fund seeks to provide investors with growth potential through exposure to Hong Kong equities. The fund will mainly invest in securities which are listed on the Hong Kong stock exchange and/or linked with significant business exposures to Hong Kong economy, although it may from time to time invest in money market and/or other fixed income instruments
Fund Details
Latest Fund Expense Ratio: 1.70%
Launch Date(dd/mm/yyyy): 01/02/2001
Unit Price: HKD 53.58
Fund Size: HKD 202.18M
Fund Commentary
Hong Kong stock market fell sharply in the first quarter of 2020. Market began the new year with positive sentiment given the signing of a phase one trade deal between the U.S. and China. Until investors received official news about the outbreak of a new coronavirus in China, market retreated quickly as it was hard to gauge the economic impact in the early stage of the outbreak. Following a sharp fall in January, stock market continued climbing in the first couple of weeks of February given declining rates of new infection with effective containment efforts made by the Chinese authorities. However, fears of negative effects of global growth quickly accumulated as new infection cases kept adding in the U.S. and Europe, dragging down Hong Kong market towards the end of March. Besides, concerns about global economic recession alongside declining energy demand hit energy market strongly, led crude oil prices plunged more than 60% in the first quarter as major producers failed to reach a supply reduction plan. Over the first quarter of 2020, the Hang Seng Index and Hang Seng China Enterprises Index lost 16.27% and 14.09%, respectively.
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 |
-9.45% |
2.54% |
3.18% |
9.15% |
-3.77 | -2.47 | 50.06 | -14.70 | 15.19 | -13.09 |
Fund Performance Information
Annualised return |
1 year (p.a. %) |
5 years (p.a. %) |
Since Launch (p.a. %) |
-9.45% |
2.54% |
9.15% |
Calendar year return |
2015 | 2016 | 2017 | 2018 | 2019 | Year To Date |
-3.77 | -2.47 | 50.06 | -14.70 | 15.19 | -13.09 |
Top 10 Holdings
Security name |
Holdings Weight |
Tencent Holdings Ltd |
8.90% |
AIA Group Ltd |
8.68% |
Ping An Insurance Group Co of China Ltd |
7.39% |
China Construction Bank Corp |
6.56% |
Meituan Dianping |
6.29% |
Alibaba Group Holding Ltd |
5.86% |
China Mengniu Dairy Co Ltd |
4.16% |
Anhui Conch Cement Co Ltd |
4.00% |
Industrial & Commercial Bank of China Ltd |
3.73% |
Geely Automobile Holdings Ltd |
3.28% |
Total |
58.85% |
Top 10 Holdings
Security name Holdings Weight |
Tencent Holdings Ltd
Holding Weight 8.90%
|
AIA Group Ltd
Holding Weight 8.68%
|
Ping An Insurance Group Co of China Ltd
Holding Weight 7.39%
|
China Construction Bank Corp
Holding Weight 6.56%
|
Meituan Dianping
Holding Weight 6.29%
|
Alibaba Group Holding Ltd
Holding Weight 5.86%
|
China Mengniu Dairy Co Ltd
Holding Weight 4.16%
|
Anhui Conch Cement Co Ltd
Holding Weight 4.00%
|
Industrial & Commercial Bank of China Ltd
Holding Weight 3.73%
|
Geely Automobile Holdings Ltd
Holding Weight 3.28%
|
Total: 58.85% |
Portfolio Allocation
- • 2.37 Industrials
- • 4.99 TMT
- • 6.03 Utilities
- • 6.44 Real Estate
- • 7.03 Materials
- • 8.00 Consumer Staples & Health Care
- • 26.35 Financials & Insurance
- • 33.44 Consumer Discretionary
- • 5.35 Cash & Others
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