To provide medium to long term capital growth. Invests in global equities and equity-related investment. Invests in any region such as North America, Japan, Europe, other Pacific Asia region markets and Hong Kong

Latest Fund Expense Ratio: 1.81%

Launch Date(dd/mm/yyyy): 01/12/2000

Unit Price: HKD 13.704

Fund Size: HKD 4,464.6M

Market sentiment deteriorated in March, globally, after global supply chains came under further pressure, more countries went into lockdown and demand for goods and services came to a halt. Key policymaker decision-making became focused around large monetary and fiscal emergency response packages to ensure credit stresses were alleviated from certain pockets of the market and corporates and populations had the financial support they needed. The global health crisis is likely to encourage a reassessment of economic and corporate risks including business models heavily invested towards and reliant on Chinese supply. Initial complacency of a rapid V-shaped global recovery has been somewhat toned down, global growth revised lower whilst central banks globally have provided the market with a significant policy response that involves easier financial and monetary conditions, as well as fiscal stimulus. We see a stabilisation and muted recovery into the latter part of 2020, although the situation is very fluid. Despite the seriousness of the epidemic, going forward, we believe that COVID-19 represents a short-term disruption (as opposed to a long-term, larger-scale systemic crisis) much like other serious outbreaks in the past. While we believe the effects of the virus will be short-term, it is our opinion that the economic slowdown set off by COVID-19 puts a lot more pressure on global central banks and the US Federal Reserve Board to cut interest rates further, and for governments to offer a second wave of fiscal stimulus.