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.

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