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Value Partners Taiwan Fund

Other Funds

    • 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.

    Performance Update as at 09-10-2024

    Performance Update

    Annual Returns

    Annual Returns

    Performance Since Launch as at 09-10-2024

    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.
    ++The fund has environmental and/or social characteristics within the meaning of Article 8 of Regulation (EU) 2019/2088 on Sustainability-related Disclosures in the Financial Services Sector (the “SFDR”). It is also on the List of ESG Funds in Hong Kong. The list of ESG funds does not constitute an SFC official recommendation of these products or a guarantee of their ESG attributes or related performance. SFC authorization does not mean the product is suitable for any particular investor. For more details, please read https://www.sfc.hk/en/Regulatory-functions/Products/List-of-ESG-funds.

    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 sizeUSD44.37 million ( as at 09-10-2024 )
    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

    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).

    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.
    ++The fund has environmental and/or social characteristics within the meaning of Article 8 of Regulation (EU) 2019/2088 on Sustainability-related Disclosures in the Financial Services Sector (the “SFDR”). It is also on the List of ESG Funds in Hong Kong. The list of ESG funds does not constitute an SFC official recommendation of these products or a guarantee of their ESG attributes or related performance. SFC authorization does not mean the product is suitable for any particular investor. For more details, please read https://www.sfc.hk/en/Regulatory-functions/Products/List-of-ESG-funds.
    
    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 USD

    • 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.
    • Performance

      Performance Update

      Performance Update

      Annual Returns

      Annual Returns

      Performance Since Launch as at 09-10-2024

      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.
      ++The fund has environmental and/or social characteristics within the meaning of Article 8 of Regulation (EU) 2019/2088 on Sustainability-related Disclosures in the Financial Services Sector (the “SFDR”). It is also on the List of ESG Funds in Hong Kong. The list of ESG funds does not constitute an SFC official recommendation of these products or a guarantee of their ESG attributes or related performance. SFC authorization does not mean the product is suitable for any particular investor. For more details, please read https://www.sfc.hk/en/Regulatory-functions/Products/List-of-ESG-funds.
    • 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 sizeUSD44.37 million ( as at 09-10-2024 )
      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

      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).

      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.
      ++The fund has environmental and/or social characteristics within the meaning of Article 8 of Regulation (EU) 2019/2088 on Sustainability-related Disclosures in the Financial Services Sector (the “SFDR”). It is also on the List of ESG Funds in Hong Kong. The list of ESG funds does not constitute an SFC official recommendation of these products or a guarantee of their ESG attributes or related performance. SFC authorization does not mean the product is suitable for any particular investor. For more details, please read https://www.sfc.hk/en/Regulatory-functions/Products/List-of-ESG-funds.
    • 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 USD

      From
      To
      Date

      Class A USD