Investment Objective
To provide medium to long term capital growth. Invests in shares of companies covering different sectors of the economy in North America and which are listed on any stock exchange.
Fund Details
Latest Fund Expense Ratio: 1.82%
Launch Date(dd/mm/yyyy): 01/12/2000
Unit Price: HKD 14.832
Fund Size: HKD 6,830.5M
Fund Commentary
US stocks started the year strong, buoyed by investor optimism and healthy earnings growth. News of the COVID-19 outbreak in China later stalled returns, but growing confidence the outbreak would be contained propelled stocks to a new high in mid-February. The rapid spread of the virus to Europe and North America, however, soon triggered a stock market plunge. The yield on the 10-year US Treasury bond fell to an all-time low, as entire countries and economies shut down in an effort to prevent more casualties. Despite government fiscal stimulus measures, stocks sank as incident rates and their impacts accumulated. Within the broad US equity market, no sector was spared. Energy stocks took the hardest hit, pressured by weak oil prices, a price war and slowing demand. Financials stocks also were down substantially, hurt by lower interest rates and the prospect of decelerating loan demand. The more-defensive consumer staples, healthcare and utilities sectors, and the secularly driven information technology sector, did not decline as much, but still posted sizable losses.
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% |
3.53% |
7.61% |
2.06% |
4.52 | 8.07 | 18.80 | -15.05 | 29.77 | N/A |
Fund Performance Information
| Annualised return |
1 year
(p.a. %) |
5 years
(p.a. %) |
Since Launch
(p.a. %) |
| N/A% |
3.53% |
2.06% |
| Calendar year return |
| 2015 | 2016 | 2017 | 2018 | 2019 | YTD |
| 4.52 | 8.07 | 18.80 | -15.05 | 29.77 | N/A |
Top 10 Holdings
| Security name |
Holdings Weight |
| Amazon.com, Inc. |
8.98% |
| Microsoft Corp. |
5.87% |
| Facebook Inc. |
5.85% |
| Apple Inc. |
4.95% |
| Alphabet Inc. A |
3.40% |
| Alphabet Inc. C |
2.81% |
| Visa |
2.79% |
| UnitedHealth Group Inc. |
2.57% |
| Anheuser-Busch InBev SA/NV ADR |
2.07% |
| Mastercard Inc. |
1.76% |
| Total |
41.05% |
Top 10 Holdings
Security name
Holdings Weight |
| Amazon.com, Inc.
Holding Weight 8.98%
|
| Microsoft Corp.
Holding Weight 5.87%
|
| Facebook Inc.
Holding Weight 5.85%
|
| Apple Inc.
Holding Weight 4.95%
|
| Alphabet Inc. A
Holding Weight 3.40%
|
| Alphabet Inc. C
Holding Weight 2.81%
|
| Visa
Holding Weight 2.79%
|
| UnitedHealth Group Inc.
Holding Weight 2.57%
|
| Anheuser-Busch InBev SA/NV ADR
Holding Weight 2.07%
|
| Mastercard Inc.
Holding Weight 1.76%
|
| Total: 41.05% |
Portfolio Allocation
- • 34.5 Technology
- • 17.1 Consumer Services
- • 14.4 Financials
- • 11.4 Health Care
- • 10.4 Industrials
- • 7.0 Consumer Goods
- • 2.5 Cash
- • 2.0 Oil & Gas
- • 0.5 Basic Materials
- • 0.1 Utilities
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