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Value Partners Taiwan Fund

Other Funds

    • Risk Disclosure
      • Value Partners Taiwan Fund (The “Fund”) invests primarily in companies established in Taiwan or which derive a majority of their revenue from business related to Taiwan.
      • The Fund may invest in Taiwan and therefore is subject to 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. It is possible that the entire value of your investment could be lost.
      • 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.
      • 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 Update as at 15-01-2020

    Performance Update

    Annual Returns

    Annual Returns

    Performance Since Launch as at 15-01-2020

    Performance Since Launch

    All indices are for reference only.

    MSCI Taiwan Index (Total Net Return) takes into account of dividend reinvestment after deduction of withholding tax.

    The Taiwan Stock Exchange Capitalization Weighted Stock Index (TAIEX) measures the performance of aggregate listed stocks on the Taiwan Stock Exchange (TWSE).

    Source: HSBC Institutional Trust Services (Asia) Limited and Bloomberg, in US dollar, NAV to NAV, with dividends reinvested. Performance data is net of all fees.

    Month-end portfolio holdings (in English) with one month lag can be obtained from the Investment Manager upon request to email fis@vp.com.hk, subject to a prevailing handling fee chargeable at the Investment Manager’s discretion.

    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.

    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 sizeUSD77.03 million ( as at 16-01-2020 )
    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).

    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.

    
    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
    Print
    Date

    		Class USD

    • Risk Disclosure

      • Value Partners Taiwan Fund (The “Fund”) invests primarily in companies established in Taiwan or which derive a majority of their revenue from business related to Taiwan.
      • The Fund may invest in Taiwan and therefore is subject to 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. It is possible that the entire value of your investment could be lost.
      • 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.
      • 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 15-01-2020

      Performance Since Launch

    • 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 sizeUSD77.03 million ( as at 16-01-2020 )
      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).

      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.

    • 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
      Print
      Date

      		Class USD

      From
      To
      Print
      Date

      		Class USD

      Date

      		Class USD

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