Investment Objective

Match as closely as practicable the performance of the Hang Seng China Enterprises Index by investing directly in an ITCIS (Hang Seng China Enterprises Index ETF) with a similar investment objective. Whilst the investment objective of the Hang Seng China Enterprises Index Tracking Fund and the underlying ITCIS is to track the Hang Seng China Enterprises Index, there can be no assurance that the performance of the Hang Seng China Enterprises Index Tracking Fund and the underlying ITCIS will at any time be identical to the performance of the Hang Seng China Enterprises Index.

Fund Details

Latest Fund Expense Ratio: N/A%

Launch Date(dd/mm/yyyy): 01/07/2019

Unit Price: HKD 8.65

Fund Size: HKD 698.03M

Fund Commentary

Hang Seng China Enterprises Index decreased by 14.09% in the first quarter of 2020, the return of Hang Seng China Enterprises Index Tracking Fund is -14.27%, and that of benchmark Hang Seng China Enterprises Index Net Total Return Index is -14.08%. The tracking difference of the fund in this quarter is -0.19%. The market is volatile due to multiple situations, including coronavirus disease (COVID-19) pandemic, rising concern on global economic recession, crashing of oil prices, and increased risk from asset bubbles. Hong Kong’s unemployment rate rose to 4.2% in the first quarter of 2020, the highest in more than 9 years as the situations continue to weigh on the economy and may persist for the next two quarters. However, the market is given lots of space for rebound, currently the market has priced in most of the pandemic’s negative effect and the economic downturn. With worldwide quantitative easing and lowering of interest rate, the positive effect may be observed after two to three quarters. In terms of sectors, we prefer to overweight in Consumption, Medical Care, and Property Management. We are neutral about the Hong Kong and China market. Hang Seng China Enterprises Index is expected to trade at around 9,000 – 11,000 in the coming quarter.

The materials provided are for information only and do not constitute as an offer. For investment advice, please consult professional advisors. The information contained in this website has been compiled with considerable care to ensure its accuracy at the date of publication. However, no representation or warranty, express or implied, is made to its accuracy or completeness. MPF.HK shall not be responsible for any consequential effect, nor be liable for any direct, consequential, incidental, indirect loss or damage, howsoever caused, arising from the use of, inability to use or reliance upon any information or materials provided on this website, whether or not such loss or damage is caused by MPF.HK. Links to third party sites are provided for your information only. The content and software of these sites have been issued by third parties. As such, MPF.HK cannot be responsible for the accuracy of information contained in these sites, nor be held liable for any loss or damage arising from or related to their use.