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Value Partners Intelligent Funds –
Chinese Mainland Focus Fund

Other Funds

    • Risk Disclosure
      • Chinese Mainland Focus Fund (The “Fund”) invests primarily in investments which are related to the Mainland of the People’s Republic of China (“PRC”) and investments whose value the Manager believes would be boosted by a Renminbi (“RMB”) appreciation.
      • The Fund invests in China-related companies which involve certain risks not typically associated with investment in more developed markets, such as greater political, tax, economic, foreign exchange, liquidity and regulatory risks.
      • 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 and the Shanghai-Hong Kong Stock Connect and the Shenzhen-Hong Kong Stock Connect (collectively the “Stock Connects”). Investors will be subject to certain risks including repatriation, custodial, settlement and regulatory risk. In addition, the policy and rules of QFII and Stock Connects are subject to change. All these may adversely impact the Fund.
      • Investments 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 20-11-2019

    Performance Update

    Annual Returns

    Annual Returns

    Performance Since Launch as at 20-11-2019

    Performance Since Launch

    The Index is unmanaged and for reference only. It’s not available for direct investment and not subject to fees.

    MSCI China Index (Total Net Return) takes into account of dividend reinvestment after deduction of withholding tax.

    Source: HSBC Institutional Trust Services (Asia) Limited and Bloomberg, in US dollar, NAV to NAV, with dividends 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

    Chinese Mainland Focus Fund is a sub-fund of Value Partners Intelligent Funds. The Fund aims to achieve medium- to long-term capital appreciation by investing primarily in investments which are related to the Mainland of the People’s Republic of China (“PRC”) and investments whose value the Manager believes would be boosted by a Renminbi (“RMB”) appreciation.

    The Manager will also invest in investments whose value the Manager believes would increase even if the RMB exchange rate remains unchanged.

     

    Fund manager

    Value Partners Limited

    Custodian

    HSBC Institutional Trust Services (Asia) Limited

    Launch date

    27-11-2003

    Fund sizeUSD131.91 million ( as at 21-11-2019 )
    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 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.

    
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    The Fund USD

    YearAward Organizers
    2018

    2018 Thomson Reuters Lipper Fund Award (Hong Kong)
    Best China Equity Fund – 10 Years

    Based on returns as of year-end 2017.

    Thomson Reuters
    2013

    Lipper Fund Awards 2013 (Hong Kong)
    Best China Equity Fund – 5 Years

    Based on returns as of year-end 2012.

    Lipper
    2012

    Lipper Fund Awards 2012 (Hong Kong)
    Best China Equity Fund – 3 Years

    Based on returns as of year-end 2011.

    Lipper
    2011

    Top 100 Funds of the Year 2010
    China Equity – Best in Class

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

    Benchmark
    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

      • Chinese Mainland Focus Fund (The “Fund”) invests primarily in investments which are related to the Mainland of the People’s Republic of China (“PRC”) and investments whose value the Manager believes would be boosted by a Renminbi (“RMB”) appreciation.
      • The Fund invests in China-related companies which involve certain risks not typically associated with investment in more developed markets, such as greater political, tax, economic, foreign exchange, liquidity and regulatory risks.
      • 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 and the Shanghai-Hong Kong Stock Connect and the Shenzhen-Hong Kong Stock Connect (collectively the “Stock Connects”). Investors will be subject to certain risks including repatriation, custodial, settlement and regulatory risk. In addition, the policy and rules of QFII and Stock Connects are subject to change. All these may adversely impact the Fund.
      • Investments 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 20-11-2019

      Performance Since Launch

    • Fund Facts

      Investment objectives

      Chinese Mainland Focus Fund is a sub-fund of Value Partners Intelligent Funds. The Fund aims to achieve medium- to long-term capital appreciation by investing primarily in investments which are related to the Mainland of the People’s Republic of China (“PRC”) and investments whose value the Manager believes would be boosted by a Renminbi (“RMB”) appreciation.

      The Manager will also invest in investments whose value the Manager believes would increase even if the RMB exchange rate remains unchanged.

       

      Fund manager

      Value Partners Limited

      Custodian

      HSBC Institutional Trust Services (Asia) Limited

      Launch date

      27-11-2003

      Fund sizeUSD131.91 million ( as at 21-11-2019 )
      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 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

      
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    • Historical Prices

      From
      To
      Date

      The Fund USD

      From
      To
      Date

      The Fund USD

    • Awards

      YearAward Organizers
      2018

      2018 Thomson Reuters Lipper Fund Award (Hong Kong)
      Best China Equity Fund – 10 Years

      Based on returns as of year-end 2017.

      Thomson Reuters
      2013

      Lipper Fund Awards 2013 (Hong Kong)
      Best China Equity Fund – 5 Years

      Based on returns as of year-end 2012.

      Lipper
      2012

      Lipper Fund Awards 2012 (Hong Kong)
      Best China Equity Fund – 3 Years

      Based on returns as of year-end 2011.

      Lipper
      2011

      Top 100 Funds of the Year 2010
      China Equity – Best in Class

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

      Benchmark
      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 Thomson Reuters Lipper Fund Award (Hong Kong)
      Best China Equity Fund – 10 Years

      Based on returns as of year-end 2017.

      Thomson Reuters
      2013

      Lipper Fund Awards 2013 (Hong Kong)
      Best China Equity Fund – 5 Years

      Based on returns as of year-end 2012.

      Lipper
      2012

      Lipper Fund Awards 2012 (Hong Kong)
      Best China Equity Fund – 3 Years

      Based on returns as of year-end 2011.

      Lipper
      2011

      Top 100 Funds of the Year 2010
      China Equity – Best in Class

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

      Benchmark
      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.