Investment Objective
To provide medium to long term capital growth.Invests on a diversified basis mainly in shares of companies covering different sectors of the economy in the Greater China region, including People's Republic of China, Hong Kong and Taiwan, and which are listed on any stock exchange subject to the restrictions in the MPF Schemes (General) Regulation (“Regulation“) and which have a value or growth proposition
Fund Details
Latest Fund Expense Ratio: 2.00%
Launch Date(dd/mm/yyyy): 01/02/2006
Unit Price: HKD 23.928
Fund Size: HKD 23,149.4M
Fund Commentary
The outbreak of COVID-19 brought about great disruptions to the Greater China markets during the first quarter. Unprecedented containment measures were taken to combat this public health crisis, leading to sharp decelerations in economic activities. China, Hong Kong and Taiwan all ended in negative territories.China on a relative basis outperformed the rest region. The stabilized situation and early businesses resumption supported its relative resilience. Its official manufacturing PMI returned to 50 in March from a record low level in February. Sectors that were least impacted by the COVID-19 situation were the most resilient, including healthcare, consumer staples and communication services sectors. Healthcare stocks have positive linkage with a pandemic; while demands for daily necessities and digital entertainment are expected to be stable. Global cyclical sectors, on the other hand, were among underperformers given the uncertain growth outlook. They included energy, materials, industrials and real estate.
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% |
1.46% |
3.00% |
6.35% |
-3.30 | -2.60 | 38.17 | -14.45 | 19.94 |
Fund Performance Information
Annualised return |
1 year (p.a. %) |
5 years (p.a. %) |
Since Launch (p.a. %) |
N/A% |
1.46% |
6.35% |
Calendar year return |
2015 | 2016 | 2017 | 2018 | 2019 | YTD |
-3.30 | -2.60 | 38.17 | -14.45 | 19.94 |
Top 10 Holdings
Security name |
Holdings Weight |
Tencent Holdings Ltd |
9.73% |
Taiwan Semiconductor Mfg. Co. Ltd |
9.11% |
AIA Group Ltd |
6.13% |
HSBC Holdings PLC |
4.38% |
China Construction Bank Corp |
4.04% |
China Mobile Ltd |
2.88% |
Alibaba Group Holding Ltd. (ADR) |
2.58% |
Ping An Insurance |
2.50% |
ICBC |
2.41% |
Alibaba Group Holding Ltd. |
2.08% |
Total |
45.84% |
Top 10 Holdings
Security name Holdings Weight |
Tencent Holdings Ltd
Holding Weight 9.73%
|
Taiwan Semiconductor Mfg. Co. Ltd
Holding Weight 9.11%
|
AIA Group Ltd
Holding Weight 6.13%
|
HSBC Holdings PLC
Holding Weight 4.38%
|
China Construction Bank Corp
Holding Weight 4.04%
|
China Mobile Ltd
Holding Weight 2.88%
|
Alibaba Group Holding Ltd. (ADR)
Holding Weight 2.58%
|
Ping An Insurance
Holding Weight 2.50%
|
ICBC
Holding Weight 2.41%
|
Alibaba Group Holding Ltd.
Holding Weight 2.08%
|
Total: 45.84% |
Portfolio Allocation
- • 33.4 Financials
- • 26.7 Technology
- • 12.7 Consumer Services
- • 7.3 Consumer Goods
- • 5.5 Health Care
- • 5.0 Industrials
- • 3.0 Telecommunications
- • 2.5 Cash
- • 1.4 Oil and Gas
- • 1.3 Utilities
- • 0.8 Basic Materials
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