Investment Objective
The constituent fund aims to focus investment into the global equity markets to produce returns that are related to those achieved on the major world stock market indices. The constituent fund aims to have the flexibility to have limited investment into bonds and to manage the volatility of returns in the short term.
Fund Details
Latest Fund Expense Ratio: 1.81%
Launch Date(dd/mm/yyyy): 01/12/2000
Unit Price: HKD 11.85
Fund Size: HKD 1,984.00M
Fund Commentary
Global equities posted negative returns over the first quarter as the COVID-19 outbreak in China and its spread to other countries weighed on global economic prospects. The World Health Organization (WHO) declared the outbreak a pandemic. Authorities across the world announced large-scale quarantines, social distancing and travel restrictions to curtail the virus’ spread. The US Federal Reserve, European Central Bank, Bank of England, People’s Bank of China, Bank of Japan and a number of other central banks cut interest rates or provide liquidity support through balance sheet expansions or by relaxing bank capital requirements. Governments in major economies have pledged to do “whatever it takes” to provide the necessary relief and rescue measures in their respective countries. Against this global backdrop, all key markets ended lower, with European equities experiencing the most negative performance. From a sector perspective, energy companies came under significant pressure as crude oil prices fell in view of weakening global demand and a fallout in the Organization of the Petroleum Exporting Countries’ meeting in March.
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 | Year To Date |
-10.57% |
0.71% |
4.27% |
0.88% |
-1.08 | 1.99 | 19.32 | -11.31 | 25.29 | N/A |
Fund Performance Information
Annualised return |
1 year (p.a. %) |
5 years (p.a. %) |
Since Launch (p.a. %) |
-10.57% |
0.71% |
0.88% |
Calendar year return |
2015 | 2016 | 2017 | 2018 | 2019 | Year To Date |
-1.08 | 1.99 | 19.32 | -11.31 | 25.29 | N/A |
Top 10 Holdings
Security name |
Holdings Weight |
MICROSOFT CORP |
4.16% |
AMAZON.COM INC |
3.16% |
APPLE INC |
2.70% |
ALPHABET INC |
2.35% |
NEXTERA ENERGY INC |
1.48% |
UNITEDHEALTH GROUP INC |
1.37% |
JP MORGAN CHASE & CO |
1.30% |
INTEL CORP |
1.29% |
BRISTOL-MYERS SQUIBB CO |
1.29% |
BAXTER INTERNATIONAL INC |
1.26% |
Total |
20.36% |
Top 10 Holdings
Security name Holdings Weight |
MICROSOFT CORP
Holding Weight 4.16%
|
AMAZON.COM INC
Holding Weight 3.16%
|
APPLE INC
Holding Weight 2.70%
|
ALPHABET INC
Holding Weight 2.35%
|
NEXTERA ENERGY INC
Holding Weight 1.48%
|
UNITEDHEALTH GROUP INC
Holding Weight 1.37%
|
JP MORGAN CHASE & CO
Holding Weight 1.30%
|
INTEL CORP
Holding Weight 1.29%
|
BRISTOL-MYERS SQUIBB CO
Holding Weight 1.29%
|
BAXTER INTERNATIONAL INC
Holding Weight 1.26%
|
Total: 20.36% |
Portfolio Allocation
- • 58.39 US Equities
- • 2.06 Hong Kong Equities
- • 8.34 Japan Equities
- • 8.68 Other Asia Pacific Equities
- • 17.63 Europe Equities
- • 4.90 Cash & Others
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