ChinaAMC China Focus Fund - China Select Fund Acc HK

華夏中國聚焦基金中國精選基金 Acc 港元

HK0000352945

Risk Rating: Level 5

iFund risk rating methodology is a qualitative and quantitative assessment of a single fund’s geographic and asset class focus, investment style and any potential risk factors, as measured from one (1) (lowest risk) to six (6) (highest risk). For the funds with risk rating five (5) or six (6), these are mainly aimed at providing capital appreciation to investors by investing primarily in single market equities, single industry equities or derivatives etc. For more details, please refer to the Due Diligence section under the Procedures page.

Non-dealing Hours

Dealing Information

Secure Transaction

Derivatives knowledge not required

HKD10,000.00Min. Subscription

1.80%

HKD10,000.00Min. Subscription

AUD / HKD / EUR / RMB / USD

HKD10,000.00Min. Subscription

HKD10,000.00

HKD10,000.00

Daily

14:00

2021-05-18

  • The fund has been suspended for further subscription since 2014-01-01.
*Not include dividends (If applicable)

Fund Performances (including dividend, if any)

1 mth
+3.45%
3 mth
+1.86%
6 mth
+19.48%
1 yr
+46.80%
3 yr
+18.17%
5 yr
+91.84%

Analytical Figures (3 years)

Annualized Return
+5.72%
Annualized Volatility
+21.71%
Sharpe Ratio
+0.41

Fund Information

Fund Houses
Citigroup First Investment Management Ltd
Launch Date
2010-12-09
Fund Manager
Team managed
Manager Start Date
Geographical Focus
China
Asset Class/ Sector
Equity - All cap
Risk Rating
Risk Level 5

iFund risk rating methodology is a qualitative and quantitative assessment of a single fund’s geographic and asset class focus, investment style and any potential risk factors, as measured from one (1) (lowest risk) to six (6) (highest risk). For the funds with risk rating five (5) or six (6), these are mainly aimed at providing capital appreciation to investors by investing primarily in single market equities, single industry equities or derivatives etc. For more details, please refer to the Due Diligence section under the Procedures page.

Fund AUM(As of 2020-10-29)
USD 22,017,905.31
Management Fee
1.80%
Latest Dividend
N.A.

Sector Leaders

    No Funds

Dealing Information

Secure Transaction

Derivatives knowledge not required

HKD10,000.00Min. Subscription

1.80%

HKD10,000.00Min. Subscription

AUD / HKD / EUR / RMB / USD

HKD10,000.00Min. Subscription

HKD10,000.00

HKD10,000.00

Daily

14:00

2021-05-18

  • The fund has been suspended for further subscription since 2014-01-01.

Dividend Records

No Dividends

Investment Objective

To provide unitholders with long term capital growth through exposure to the equities and equity-related instruments of China-related companies.

Nature and Extent of Risks

Investment involves risks. Please refer to the Explanatory Memorandum for details including the risk factors.
1. Investment risk
• The Fund is an investment fund. There is no guarantee of the repayment of principal. The instruments invested by the Fund may fall in value.
2. Mainland China/single country investment risk
• Investing in China-related companies and in Chinese markets involve certain risks and special considerations not typically associated with investment in more developed economies or markets, such as greater political, tax, economic, foreign exchange, liquidity and regulatory risk.
• The concentration of the Fund’s investments in China-related companies may result in greater volatility than portfolios which comprise broad-based global investments.
3. Counterparty risk of access products
• The Fund will not invest directly in A Shares but will instead obtain exposure of up to approximately 40% of its net asset value to the A Share market by investing into access products, meaning that the Fund will be exposed to the counterparty risk of the issuer of the access products. If an issuer of an access product defaults, the Fund may be exposed to potential losses equal to the full value of that access product.
4. Risk of limited access products
• The availability of access products is limited by applicable regulations in China, and as a result the cost of investing in access products is subject to market supply and demand forces. Where the market supply is low relative to market demand, acquiring further access products may involve a relatively higher cost or a premium, which may affect the Fund’s overall performance.
5. Risk associated with the QFII system
• The current QFII policy and rules are subject to change and any such change could adversely impact the Fund’s investments in access products.
6. PRC tax risk
• There are risks and uncertainties associated with the current PRC tax laws, regulations and practice in respect of capital gains realised by QFIIs on selling of A Shares (which may have retrospective effect).
• Certain issuers of access products may, in general, withhold approximately 10% of any capital gains on the underlying A Shares. The Fund will establish a reserve equal to 10% of any capital gains to the extent that such amount is not otherwise withheld by the relevant issuer of access products, if in the opinion of the Manager a reserve is warranted.
• In case the amount withheld or reserved is insufficient to settle the actual tax liability, the shortfall will be met out of the assets of the Fund and its net asset value may decrease as a result.
7. Multi-currency conversion risk
• The Fund will hold investments denominated in currencies different to the base currency of the Fund, meaning the Fund will be at risk to adverse movements in the foreign currency rates.
8. Performance fee risk
• The Fund is subject to a performance fee of 10% as described in the Fee Section. A unitholder redeeming units may still be subject to the performance fee chargein respect of such units, even though he/she has suffered a loss in investment capital.