Value Partners Fund Series –
Value Partners China A-Share Select Fund
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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
Performance Update
Annual Returns
Annual Returns
Performance Since Launch as at 06-05-2024
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: 14-11-2014Class 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 CNH238.95 million ( as at 07-05-2024 ) 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).
+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 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