The fund aims to achieve long-term capital growth from a diversified portfolio of listed Asian equities, excluding Japan. It seeks to outperform MSCI All Country Asia ex-Japan net total return (USD) Index over full market cycles, without undue risk to the capital.
- With a higher risk profile
- Seeking long-term capital growth
- Able to withstand investment volatility in the short to medium term
Luxembourg, Singapore, South Africa
MSCI All Country Asia Ex-Japan Net Total Return (USD) Index
Longer than five years.
27 July 2021
|Initial investment amount||
US$10,000 or equivalent
|Subsequent subscription amount||
US$1,000 or equivalent
To comply with UCITS regulations. The fund is prohibited to enter into total return swaps, securities lending transactions, repurchase transactions, reverse repurchase transactions or any other securities financing transactions. Only listed derivatives can be used for efficient portfolio management.
A roll-up fund with income being reinvested in the portfolio.
Zero income yield as it does not distribute its income.
Investing in quality Asia ex-Japan equities that present long-term investment value. It may include equities listed outside Asia but whose business is predominantly focused on the Asia ex-Japan region.
The fund is actively managed and not constrained by the benchmark in its portfolio positioning and may have a substantial proportion of its portfolio invested in Chinese securities.
The fund is priced in US dollars. Among others, investment value is subject to foreign exchange risk, market risk and interest rate risk, and credit risk of the issuers.
|Risk of loss||
High in periods shorter than five years. Subject to market volatility, lower in longer term.
Management Fee (Percentage of the applicable Net Asset Value per share)
Class R: 0.85% + 15% of outperformance over the benchmark
The annual fee comprises a fixed standard fee plus a performance fee, subject to an overall minimum.
The annual fee may be adjusted up daily (subject to fulfilling the performance conditions) by the performance fee, calculated as the difference between the portfolio performance and the benchmark return for the same period multiplied by the performance fee sharing rate.
|Year||Fund Return %||All Country Asia ex-Japan %|
|2021 (from 27/Jul)||-7.9||-4.0|
|2023 (to 31/Aug)||0.6||0.1|
|Security description||Asset class||Country of Listing||Portfolio weight %|
|Alibaba Group Holding Ltd||Equity||HK||8.7|
|Trip.com Group Ltd||Equity||HK||8.4|
|Tencent Holdings Ltd||Equity||HK||7.4|
|JD.Com Inc - CL A||Equity||HK||6.7|
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