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Value Partners Fund Series –
Value Partners China A-Share Select Fund

Other Funds

    • Risk Disclosure
      • Value Partners China A-Share Select Fund (The “Fund”) invests primarily in RMB-denominated equities in China.
      • The Fund is also subject to concentration risk as a result of investing only in China. Adverse developments in such region may affect the value of the underlying securities in which the Fund invests. 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 intends to invest predominantly in China A Shares directly, via its Manager’s RQFII quota. Investors will be subject to certain risks including repatriation risk, custodial risk, regulatory risk and risks associated with the Manager’s RQFII status. In addition, the RQFII policy and rules are relatively new and there may be uncertainty in implementation and such policy and rules are subject to change. All these may adversely impact the Fund.
      • The Fund and its primary investments are denominated in RMB. RMB is currently not a freely convertible currency and is subject to foreign exchange control policies, as well as repatriation restrictions imposed by the PRC government. Investors whose base currencies of investments are not in RMB should take into account the potential risk of loss arising from fluctuations in value between such currencies and the RMB.
      • The Fund may invest in debt securities including those that are below investment grade/unrated, and may involve greater risks, including credit risk, issuer-specific risk, counterparty risk and sovereign debt risk. The fund may also invest in derivatives which can involve material risks, e.g. counterparty default risk, insolvency or liquidity risk. All these 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 22-04-2024

    Performance Update

    Annual Returns

    Annual Returns

    Performance Since Launch as at 22-04-2024

    Performance Since Launch

    Source: Morningstar

    Performance shown is NAV to NAV in denominated currency with income reinvested and net of fees. For funds/classes denominated in foreign currencies, US/HK dollar-based investors are therefore exposed to fluctuations in the currency exchange rate. All indices are for reference only.

    Investment involves risk. Past performance is not indicative of future performance. The price of units/NAV per share can go down as well as up and is not guaranteed. Investors may not get back the full amount invested. Please refer to the relevant offering documents including the risk factors.

    +The Fund is one of the eligible collective investment schemes for the purpose of the New Capital Investment Entrant Scheme (New CIES) in Hong Kong with effect from 1 March 2024.

    Investment Objective

    To achieve long-term capital growth and income appreciation by predominately investing in RMB-denominated equities in the PRC utilizing the Manager’s RQFII quota.

    Fund manager and RQFII holder

    Value Partners Hong Kong Limited

    Custodian

    The Hong Kong and Shanghai Banking Corporation Limited

    Launch date

    Class A (Hedged classes)
    RMB (CNH):
    16-10-2014
    AUD/CAD/EUR/HKD/NZD/USD: 12-11-2014
    GBP: 14-11-2014

    Class A (Unhedged classes)
    USD: 29-10-2014
    HKD: 13-11-2014
    GBP: 26-11-2014
    AUD: 28-11-2014
    NZD: 16-01-2015
    EUR: 29-02-2016

    Fund sizeCNH233.30 million ( as at 23-04-2024 )
    Share classes

    Class A:
    Hedged classes
    – 
    AUD/CAD/EUR/GBP/HKD/NZD/USD
    Unhedged classes
    – AUD/GBP/HKD/NZD/RMB (CNH)/USD

    Minimum subscription

    Class A: RMB60,000 or equivalent

    Minimum subsequent subscription

    Class A: RMB30,000 or equivalent

    Subscription fee

    Up to 5%

    Management fee

    1.5% 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).

    +The Fund is one of the eligible collective investment schemes for the purpose of the New Capital Investment Entrant Scheme (New CIES) in Hong Kong with effect from 1 March 2024.
    
    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 RMB (CNH)

    Class A AUD Unhedged

    Class A AUD Hedged

    Class A CAD Hedged

    Class A EUR Unhedged

    Class A EUR Hedged

    Class A GBP Unhedged

    Class A GBP Hedged

    Class A HKD Unhedged

    Class A HKD Hedged

    Class A NZD Unhedged

    Class A NZD Hedged

    Class A USD Hedged

    Class A USD Unhedged

    • Risk Disclosure

      • Value Partners China A-Share Select Fund (The “Fund”) invests primarily in RMB-denominated equities in China.
      • The Fund is also subject to concentration risk as a result of investing only in China. Adverse developments in such region may affect the value of the underlying securities in which the Fund invests. 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 intends to invest predominantly in China A Shares directly, via its Manager’s RQFII quota. Investors will be subject to certain risks including repatriation risk, custodial risk, regulatory risk and risks associated with the Manager’s RQFII status. In addition, the RQFII policy and rules are relatively new and there may be uncertainty in implementation and such policy and rules are subject to change. All these may adversely impact the Fund.
      • The Fund and its primary investments are denominated in RMB. RMB is currently not a freely convertible currency and is subject to foreign exchange control policies, as well as repatriation restrictions imposed by the PRC government. Investors whose base currencies of investments are not in RMB should take into account the potential risk of loss arising from fluctuations in value between such currencies and the RMB.
      • The Fund may invest in debt securities including those that are below investment grade/unrated, and may involve greater risks, including credit risk, issuer-specific risk, counterparty risk and sovereign debt risk. The fund may also invest in derivatives which can involve material risks, e.g. counterparty default risk, insolvency or liquidity risk. All these 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 22-04-2024

      Performance Since Launch

      Source: Morningstar

      Performance shown is NAV to NAV in denominated currency with income reinvested and net of fees. For funds/classes denominated in foreign currencies, US/HK dollar-based investors are therefore exposed to fluctuations in the currency exchange rate. All indices are for reference only.

      Investment involves risk. Past performance is not indicative of future performance. The price of units/NAV per share can go down as well as up and is not guaranteed. Investors may not get back the full amount invested. Please refer to the relevant offering documents including the risk factors.

      +The Fund is one of the eligible collective investment schemes for the purpose of the New Capital Investment Entrant Scheme (New CIES) in Hong Kong with effect from 1 March 2024.
    • Fund Facts

      Investment Objective

      To achieve long-term capital growth and income appreciation by predominately investing in RMB-denominated equities in the PRC utilizing the Manager’s RQFII quota.

      Fund manager and RQFII holder

      Value Partners Hong Kong Limited

      Custodian

      The Hong Kong and Shanghai Banking Corporation Limited

      Launch date

      Class A (Hedged classes)
      RMB (CNH):
      16-10-2014
      AUD/CAD/EUR/HKD/NZD/USD: 12-11-2014
      GBP: 14-11-2014

      Class A (Unhedged classes)
      USD: 29-10-2014
      HKD: 13-11-2014
      GBP: 26-11-2014
      AUD: 28-11-2014
      NZD: 16-01-2015
      EUR: 29-02-2016

      Fund sizeCNH233.30 million ( as at 23-04-2024 )
      Share classes

      Class A:
      Hedged classes
      – 
      AUD/CAD/EUR/GBP/HKD/NZD/USD
      Unhedged classes
      – AUD/GBP/HKD/NZD/RMB (CNH)/USD

      Minimum subscription

      Class A: RMB60,000 or equivalent

      Minimum subsequent subscription

      Class A: RMB30,000 or equivalent

      Subscription fee

      Up to 5%

      Management fee

      1.5% 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).

      +The Fund is one of the eligible collective investment schemes for the purpose of the New Capital Investment Entrant Scheme (New CIES) in Hong Kong with effect from 1 March 2024.
    • 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 RMB (CNH)

      Class A AUD Unhedged

      Class A AUD Hedged

      Class A CAD Hedged

      Class A EUR Unhedged

      Class A EUR Hedged

      Class A GBP Unhedged

      Class A GBP Hedged

      Class A HKD Unhedged

      Class A HKD Hedged

      Class A NZD Unhedged

      Class A NZD Hedged

      Class A USD Hedged

      Class A USD Unhedged

      From
      To
      Date

      Class A RMB (CNH)

      Class A AUD Unhedged

      Class A AUD Hedged

      Class A CAD Hedged

      Class A EUR Unhedged

      Class A EUR Hedged

      Class A GBP Unhedged

      Class A GBP Hedged

      Class A HKD Unhedged

      Class A HKD Hedged

      Class A NZD Unhedged

      Class A NZD Hedged

      Class A USD Hedged

      Class A USD Unhedged