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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 21-05-2019

    Performance Update

    Annual Returns

    Annual Returns

    Performance Since Launch as at 21-05-2019

    Performance Since Launch

    Source: The Hong Kong and Shanghai Banking Corporation Limited and Bloomberg, in RMB, NAV to NAV, with dividends reinvested. Performance data is net of all fees.

    There is insufficient data to provide a useful indication of past performance to investors.

    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.

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

    Investment objectives

    The Fund aims to achieve long-term capital growth and income appreciation by predominatedly 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: 14-11-2014

    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 sizeCNH440.46 million ( as at 22-05-2019 )
    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).

    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.

    
    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 21-05-2019

      Performance Since Launch

    • Fund Facts

      Investment objectives

      The Fund aims to achieve long-term capital growth and income appreciation by predominatedly 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: 14-11-2014

      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 sizeCNH440.46 million ( as at 22-05-2019 )
      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).

      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.

    • 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