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Value Partners Intelligent Funds –
China Convergence Fund

Other Funds

    • Risk Disclosure
      • China Convergence Fund (The “Fund”) primarily invests in A and B shares listed on the stock exchanges of Shanghai and Shenzhen as well as in H shares listed in Hong Kong.
      • The Fund invests in China and therefore is subject to emerging market risks. Generally, investments in emerging markets are more volatile than investments in developed markets due to additional risks relating to political, social, economic and regulatory uncertainty.
      • The Fund is also subject to concentration risk due to its concentration in China-related companies. Adverse development in such region may affect the value of the underlying securities in which the Fund invests.
      • The Fund may directly invest in A Shares and other eligible securities through the qualified foreign institutional investors (“QFII”) quota. Investors will be subject to certain risks including repatriation risk, custodial risk, regulatory risk. In addition, the QFII policy and rules are subject to change. All these may adversely impact the Fund.
      • The Fund may also invest in derivatives which can involve material risks, e.g. counterparty default risk, insolvency or liquidity risk, and may expose the Fund to significant losses.
      • You should not make investment decision on the basis of this material alone. Please read the explanatory memorandum for details and risk factors.

    Performance Update as at 12-09-2019

    Performance Update

    Annual Returns

    Annual Returns

    Performance Since Launch as at 12-09-2019

    Performance Since Launch

    All indices are for reference only.

    MSCI China Index (Total Return) since fund inception to 31 Dec 2000, thereafter it is the MSCI China Index (Total Net Return) which takes into account of dividend reinvestment after deduction of withholding tax. MSCI index (Total Return) does not take into account of deduction of withholding tax.

    Source: HSBC Institutional Trust Services (Asia) Limited and Bloomberg, in US dollar, NAV to NAV, with dividend reinvested. Performance data is net of all fees.

    Please note that investment involves risks. The unit price of the Fund may go down as well as up and the past performance presented is not indicative of future performance and investors may not get back the full amount invested. Investors should refer to the explanatory memorandum of the Fund for further details and the risk factors in particular those involved in investing in emerging markets prior to the subscription of the units of the Fund.

    Investment objectives

    China Convergence Fund is a sub-fund of Value Partners Intelligent Funds. The Fund aims to provide unitholders with long-term capital appreciation by investing primarily in A shares and B shares listed on the stock exchanges of Shanghai and Shenzhen as well as in H shares listed in Hong Kong.

    Note: On inception, in July 2000, the Fund’s objective was to invest primarily in B shares. In July 2001, the mandate was extended to include H shares. In March 2005, the mandate was further extended to include China A shares.

     

    Fund manager

    Value Partners Limited

    Custodian

    HSBC Institutional Trust Services (Asia) Limited

    Launch date

    Class A USD: 14-07-2000
    Class A AUD Hedged: 27-10-2015
    Class A CAD Hedged: 07-01-2016
    Class A NZD Hedged: 07-01-2016

    Fund sizeUSD225.39 million ( as at 13-09-2019 )
    Minimum subscription

    USD10,000 or equivalent

    Minimum subsequent subscription

    USD5,000 or equivalent

    Subscription fee

    Up to 5% 

    Management fee

    1.25% per annum

    Redemption fee

    Nil

    Performance fee
    15% of profit^ (high-on-high principle)
    Dealing frequency

    Daily

    Print

    ^Performance fees will only be charged if the net asset value (NAV) at the end of the financial year exceeds the “high watermark”, which is the all-time year-end high of the fund’s NAV. If in any one year, the fund suffers a loss, no performance fee can be charged in subsequent years until the loss is recovered fully (the high-on-high principle).

    SFC authorization is not a recommendation or endorsement of a scheme nor does it guarantee the commercial merits of a scheme or its performance. It does not mean the scheme is suitable for all investors nor is it an endorsement of its suitability for any particular investor or class of investors.

    Please note that investment involves risks. The unit price of the Funds may go down as well as up and the past performance of the Funds does not indicate future return. Investors should refer to the explanatory memorandum of the Funds for further details and the risk factors in particular those involved in investing in emerging markets prior to the subscription of the units of the Fund.

    
    Loading...
    Type of DocumentDateDownload
    Factsheet
    Quarterly Commentary
    Annual Reports
    Interim Reports
    Explanatory Memorandum
    Subsequent Subscription Form
    Switching Form
    Redemption Form
    Change Of Details
    KYC Requirement for Investor
    Dealing Calendar
    From
    To
    Date

    Class A USD

    Class A AUD Hedged

    Class A CAD Hedged

    Class A NZD Hedged

    YearAward Organizers
    2018

    2018 HKCAMA – Bloomberg Offshore China Fund Awards
    2nd Runner-up in Total Returns – Greater China Equity (5 Years)

    HKCAMA & Bloomberg
    2015

    Fund of the Year Awards 2015
    China Equity Category – Outstanding Achiever

    Based on fund performance as at September 2015.

    Benchmark
    2011

    Morningstar 2010 Fund Awards (Hong Kong)
    Best Greater China Equity Fund

    Star ratings as of 29 February 2012.

    Morningstar

    Top 100 Funds of the Year 2010 – China Equity

    Based on fund size, track record, Morningstar’s Star rating and one year absolute ranking as at month end October 2010.

    Benchmark
    2004

    Ranked No. 2 the best performing Greater China Equity funds in terms of annualized total return and low volatility for the period from February 28, 2001 to February 27, 2004

    Lipper
    2002

    Ranked No. 1 the best performing Hong Kong and China Equity funds in terms of annualized total return for the period from July 14, 2000 to October 31, 2002

    Lipper
    2001

    Fund of the Year Awards 2001
    Equity Hong Kong and China (1 Year) category

    Based on returns as of year-end 2000.

    Benchmark / Lipper
    Print

    Investment involves risk. Past performance is not indicative of future performance. Investors should refer to the relevant offering documents for details, including the risk factors before investing.

    • Risk Disclosure

      • China Convergence Fund (The “Fund”) primarily invests in A and B shares listed on the stock exchanges of Shanghai and Shenzhen as well as in H shares listed in Hong Kong.
      • The Fund invests in China and therefore is subject to emerging market risks. Generally, investments in emerging markets are more volatile than investments in developed markets due to additional risks relating to political, social, economic and regulatory uncertainty.
      • The Fund is also subject to concentration risk due to its concentration in China-related companies. Adverse development in such region may affect the value of the underlying securities in which the Fund invests.
      • The Fund may directly invest in A Shares and other eligible securities through the qualified foreign institutional investors (“QFII”) quota. Investors will be subject to certain risks including repatriation risk, custodial risk, regulatory risk. In addition, the QFII policy and rules are subject to change. All these may adversely impact the Fund.
      • The Fund may also invest in derivatives which can involve material risks, e.g. counterparty default risk, insolvency or liquidity risk, and may expose the Fund to significant losses.
      • You should not make investment decision on the basis of this material alone. Please read the explanatory memorandum for details and risk factors.
    • Performance

      Performance Update

      Performance Update

      Annual Returns

      Annual Returns

      Performance Since Launch as at 12-09-2019

      Performance Since Launch

    • Fund Facts

      Investment objectives

      China Convergence Fund is a sub-fund of Value Partners Intelligent Funds. The Fund aims to provide unitholders with long-term capital appreciation by investing primarily in A shares and B shares listed on the stock exchanges of Shanghai and Shenzhen as well as in H shares listed in Hong Kong.

      Note: On inception, in July 2000, the Fund’s objective was to invest primarily in B shares. In July 2001, the mandate was extended to include H shares. In March 2005, the mandate was further extended to include China A shares.

       

      Fund manager

      Value Partners Limited

      Custodian

      HSBC Institutional Trust Services (Asia) Limited

      Launch date

      Class A USD: 14-07-2000
      Class A AUD Hedged: 27-10-2015
      Class A CAD Hedged: 07-01-2016
      Class A NZD Hedged: 07-01-2016

      Fund sizeUSD225.39 million ( as at 13-09-2019 )
      Minimum subscription

      USD10,000 or equivalent

      Minimum subsequent subscription

      USD5,000 or equivalent

      Subscription fee

      Up to 5% 

      Management fee

      1.25% per annum

      Redemption fee

      Nil

      Performance fee
      15% of profit^ (high-on-high principle)
      Dealing frequency

      Daily

      Print

      ^Performance fees will only be charged if the net asset value (NAV) at the end of the financial year exceeds the “high watermark”, which is the all-time year-end high of the fund’s NAV. If in any one year, the fund suffers a loss, no performance fee can be charged in subsequent years until the loss is recovered fully (the high-on-high principle).

      SFC authorization is not a recommendation or endorsement of a scheme nor does it guarantee the commercial merits of a scheme or its performance. It does not mean the scheme is suitable for all investors nor is it an endorsement of its suitability for any particular investor or class of investors.

      Please note that investment involves risks. The unit price of the Funds may go down as well as up and the past performance of the Funds does not indicate future return. Investors should refer to the explanatory memorandum of the Funds for further details and the risk factors in particular those involved in investing in emerging markets prior to the subscription of the units of the Fund.

    • Documents

      
      Loading...
      Type of DocumentDateDownload
      Factsheet
      Quarterly Commentary
      Annual Reports
      Interim Reports
      Explanatory Memorandum
      Subsequent Subscription Form
      Switching Form
      Redemption Form
      Change Of Details
      KYC Requirement for Investor
      Dealing Calendar
    • Historical Prices

      From
      To
      Date

      Class A USD

      Class A AUD Hedged

      Class A CAD Hedged

      Class A NZD Hedged

      From
      To
      Date

      Class A USD

      Class A AUD Hedged

      Class A CAD Hedged

      Class A NZD Hedged

    • Awards

      YearAward Organizers
      2018

      2018 HKCAMA – Bloomberg Offshore China Fund Awards
      2nd Runner-up in Total Returns – Greater China Equity (5 Years)

      HKCAMA & Bloomberg
      2015

      Fund of the Year Awards 2015
      China Equity Category – Outstanding Achiever

      Based on fund performance as at September 2015.

      Benchmark
      2011

      Morningstar 2010 Fund Awards (Hong Kong)
      Best Greater China Equity Fund

      Star ratings as of 29 February 2012.

      Morningstar

      Top 100 Funds of the Year 2010 – China Equity

      Based on fund size, track record, Morningstar’s Star rating and one year absolute ranking as at month end October 2010.

      Benchmark
      2004

      Ranked No. 2 the best performing Greater China Equity funds in terms of annualized total return and low volatility for the period from February 28, 2001 to February 27, 2004

      Lipper
      2002

      Ranked No. 1 the best performing Hong Kong and China Equity funds in terms of annualized total return for the period from July 14, 2000 to October 31, 2002

      Lipper
      2001

      Fund of the Year Awards 2001
      Equity Hong Kong and China (1 Year) category

      Based on returns as of year-end 2000.

      Benchmark / Lipper
      Print

      Investment involves risk. Past performance is not indicative of future performance. Investors should refer to the relevant offering documents for details, including the risk factors before investing.

      YearAward Organizers
      2018

      2018 HKCAMA – Bloomberg Offshore China Fund Awards
      2nd Runner-up in Total Returns – Greater China Equity (5 Years)

      HKCAMA & Bloomberg
      2015

      Fund of the Year Awards 2015
      China Equity Category – Outstanding Achiever

      Based on fund performance as at September 2015.

      Benchmark
      2011

      Morningstar 2010 Fund Awards (Hong Kong)
      Best Greater China Equity Fund

      Star ratings as of 29 February 2012.

      Morningstar

      Top 100 Funds of the Year 2010 – China Equity

      Based on fund size, track record, Morningstar’s Star rating and one year absolute ranking as at month end October 2010.

      Benchmark
      2004

      Ranked No. 2 the best performing Greater China Equity funds in terms of annualized total return and low volatility for the period from February 28, 2001 to February 27, 2004

      Lipper
      2002

      Ranked No. 1 the best performing Hong Kong and China Equity funds in terms of annualized total return for the period from July 14, 2000 to October 31, 2002

      Lipper
      2001

      Fund of the Year Awards 2001
      Equity Hong Kong and China (1 Year) category

      Based on returns as of year-end 2000.

      Benchmark / Lipper
      Print

      Investment involves risk. Past performance is not indicative of future performance. Investors should refer to the relevant offering documents for details, including the risk factors before investing.