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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.
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Performance
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Fund Facts
Investment objectives
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 Hongkong 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: 14-11-2014Class A (Unhedged classes)
USD: 29-10-2014
HKD: 13-11-2014
GBP: 26-11-2014
AUD: 28-11-2014
NZD: 16-01-2015
EUR: 29-02-2016Fund size CNH375.32 million ( as at 28-09-2020 ) Share classes Class A:
Hedged classes
– AUD/CAD/EUR/GBP/HKD/NZD/USD
Unhedged classes
– AUD/GBP/HKD/NZD/RMB (CNH)/USDMinimum 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
^ 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.
Investors should note investment involves risk and past performance is not indicative of future results. Please refer to the explanatory memorandum for details and risk factors in particular those associated with investment in China, non-investment grade debt securities, and in companies with medium or small capitalization.
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Documents
Loading...Type of Document Date Download 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
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 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
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