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Risk Disclosure
- Value Partners China A Share Opportunity Fund (the “fund”) invests primarily in equities securities of companies in different industry sectors with any range of market capitalization which have substantial exposure in the Greater China region (including the PRC, Hong Kong, Taiwan and Macau).
- Please pay particular attention to the risk of investment in the Greater China region and in companies with medium or small capitalization. The value of the fund can be extremely volatile and could go down substantially within a short period of time. It is possible that the entire value of your investment could be lost.
- The fund is also subject to concentration risk as a result of investing only in a single geographical region. Adverse developments in such regions may affect the value of the underlying securities in which the fund invests.
- The fund intends to invest predominantly in China A-Shares directly, via its Manager’s QFII quota. Investors will be subject to certain risks including repatriation risk, custodial risk, regulatory risk and risks associated with the Manager’s QFII status.
- 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.
- This fund may use alternative investment strategies and the risks inherent in this fund are not typically encountered in traditional funds.
- This fund may undertake special risks that may lead to a substantial or total loss of capital and there is no guarantee that its investment objective can be achieved. Therefore, investment in this fund is only suitable for professional investors who can afford the risks.
- You should not make investment decision on the basis of this material alone. Please read the private placement memorandum for details and risk factors.
- The fund is not authorized by the Securities and Futures Commission in Hong Kong and its shares are not available to the general public in Hong Kong.
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Performance
Source: HSBC Institutional Trust Services (Asia) Limited and Bloomberg, in USD, NAV to NAV, with dividends reinvested. Performance data is net of all fees.
The Index is unmanaged and for reference only. It’s not available for direct investment and not subject to fees.
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Fund Facts
Investment objectives
The Fund aims to provide investment opportunity for investors who want to participate in the long term growth of China’s economy predominantly through investing directly in China A-shares. The Fund intends to invest primarily in equities securities of companies in different industry sectors with any range of market capitalization which have substantial exposure in the Greater China region (including the PRC, Hong Kong, Taiwan and Macau).
Fund manager Value Partners Hong Kong Limited
Custodian HSBC Institutional Trust Services (Asia) Limited
Launch date 04-03-2013
Fund size Minimum subscription USD1,000,000
Minimum subsequent subscription USD100,000
Subscription fee Up to 5%
Management fee 1.5% per annum
Redemption fee Nil
Performance fee 15% of profit^, with a 5% hurdle rate
Dealing frequency Weekly, every Monday
Lock-up period 6 months
^ Performance fee will only be charged if the NAV at the end of the financial year or upon realization of units 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).
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