Value Partners Taiwan Fund
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Risk Disclosure
- Value Partners Taiwan Fund (The “Fund”) invests primarily in equity and equity linked securities of companies that are listed on (a) the Taiwan Stock Exchange; or (b) the GRE Tai Securities Market; or (c) any stock exchange but which have their main operations or majority of assets in or derive the majority of their income from Taiwan.
- Investing in Taiwan-related companies involves emerging market risks. Generally, investments in emerging markets are more volatile than investments in developed markets due to additional risks relating to political, social, economic and regulatory uncertainty which may adversely affect volatility and market liquidity.
- The Fund is also subject to concentration risk due to its concentration in Taiwan-related companies. Adverse development 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. 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.
- It is possible that the entire value of your investment could be lost. 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 24-04-2024
Performance Since Launch
The Taiwan Stock Exchange Capitalization Weighted Stock Index (TAIEX) measures the performance of aggregate listed stocks on the Taiwan Stock Exchange (TWSE).
MSCI Taiwan Index (Total Net Return) which takes into account of dividend reinvestment after deduction of withholding tax.
Source: Value Partners & 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
The Fund aims to achieve long term capital growth through primarily investing in equity and equity linked securities of companies that are listed on (a) the Taiwan Stock Exchange; or (b) the GRE Tai Securities Market; or (c) any stock exchange but which have their main operations or majority of assets in or derive the majority of their income from Taiwan. This includes companies incorporated and/or quoted outside Taiwan.
Fund manager Value Partners Hong Kong Limited
Custodian HSBC Institutional Trust Services (Asia) Limited
Launch date 03-03-2008
Fund size USD42.77 million ( as at 25-04-2024 ) Minimum subscription USD10,000 or equivalent
Minimum subsequent subscription USD5,000 or equivalent
Subscription fee Up to 5%
Management fee 1.25% per annum
Redemption fee Nil
Performance fee 15% of profit^ (high-on-high principle)
Dealing / Valuation 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).
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. -
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