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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
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Fund Facts
Investment objectives
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 USD93.24 million ( as at 21-01-2021 ) 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).
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.
Please note that investment involves risks. The unit price of the Funds may go down as well as up and the past performance of the Funds does not indicate future return. Investors should refer to the explanatory memorandum of the Funds 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.
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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
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