Investment Objective
To provide long-term capital appreciation through the underlying approved pooled investment fund which consists primarily of shares in US companies. This fund is a feeder fund investing entirely in an approved pooled investment fund.
Fund Details
Latest Fund Expense Ratio: 1.90%
Launch Date(dd/mm/yyyy): 01/01/2002
Unit Price: HKD 201.73
Fund Size: HKD 2,699.68M
Fund Commentary
The fund recorded -13.31% return in March. In March, equity markets had their largest drop since the Global Financial Crisis as coronavirus became a global pandemic, causing many countries to come to a halt. Governments worldwide introduced fiscal and monetary policy measures in order to attempt to stem the negative impacts of the pandemic and the surrounding preventative actions. In the US, a 2 trillion dollar relief package was part of the response in addition to the Federal Reserve implementing emergency rate cuts to near zero and announcing open-ended quantitative easing. An important factor to look at for the US will be unemployment numbers which are expected to spike. With the strength of the labor market being one of the pillars of the most recent expansion, pressure will continue to build as the US economy remains shut down.
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 |
-13.20% |
2.64% |
7.74% |
3.92% |
-2.35 | 8.74 | 21.01 | -8.19 | 22.16 | N/A |
Fund Performance Information
Annualised return |
1 year (p.a. %) |
5 years (p.a. %) |
Since launch (p.a. %) |
-13.20% |
2.64% |
3.92% |
Calendar year return |
2015 | 2016 | 2017 | 2018 | 2019 | YTD |
-2.35 | 8.74 | 21.01 | -8.19 | 22.16 | N/A |
Top 10 Holdings
Security name |
Holdings Weight |
APPLE INC |
5.82% |
MICROSOFT CORP |
5.79% |
AMAZON.COM INC |
4.04% |
BERKSHIRE HATHAWAY INC CLASS B |
2.53% |
ALPHABET INC CLASS C |
2.51% |
SPDR S&P 500 ETF TRUST UNITS SER 1 S&P |
2.27% |
VISA INC CLASS A |
2.21% |
MERCK & CO. INC |
1.93% |
INTEL CORP |
1.80% |
JOHNSON & JOHNSON |
1.75% |
Total |
30.65% |
Top 10 Holdings
Security name Holdings Weight |
APPLE INC
Holding Weight 5.82%
|
MICROSOFT CORP
Holding Weight 5.79%
|
AMAZON.COM INC
Holding Weight 4.04%
|
BERKSHIRE HATHAWAY INC CLASS B
Holding Weight 2.53%
|
ALPHABET INC CLASS C
Holding Weight 2.51%
|
SPDR S&P 500 ETF TRUST UNITS SER 1 S&P
Holding Weight 2.27%
|
VISA INC CLASS A
Holding Weight 2.21%
|
MERCK & CO. INC
Holding Weight 1.93%
|
INTEL CORP
Holding Weight 1.80%
|
JOHNSON & JOHNSON
Holding Weight 1.75%
|
Total: 30.65% |
Portfolio Allocation
- • 10.23 Communication Services
- • 10.71 Consumer Discretionary
- • 6.73 Consumer Staples
- • 2.50 Energy
- • 12.05 Financials
- • 15.04 Health Care
- • 7.66 Industrials
- • 26.87 Information Technology
- • 3.34 Materials
- • 2.69 Real Estate
- • 2.07 Utilities
- • 0.11 Cash and Others
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