Investment Objective

To seek a long-term capital appreciation by investing in a combination of global equity market index-tracking funds. This fund is not an index-tracking fund. This fund is a portfolio management fund investing entirely in approved ITCISs.

Fund Details

Latest Fund Expense Ratio: 0.98%

Launch Date(dd/mm/yyyy): 01/12/2007

Unit Price: HKD 113.54

Fund Size: HKD 1,254.46M

Fund Commentary

The fund recorded -17.23% return in March. Global equities plunged in March as the number of COVID-19 confirmed cases ticked up at an exponential rate, especially in the US. Even though Federal Reserve Chairman Powell pledged to act as appropriate to support the economy, it has not helped US Equity. Many European countries have implemented lock down to mitigate the COVID-19 outbreak. We continue to believe the West is currently being the eye of the storm and it will take time for global outputs to recover back to pre-virus level.

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