Selection Investment Series - E Fund Greater China Leaders Fund A Dis USD

精選策略系列 - 易方達大中華領先基金 A Dis 美元

HK0000312386

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

HKD4,000.00Min. Subscription

Up to 1.5%

HKD4,000.00Min. Subscription

USD

HKD4,000.00Min. Subscription

HKD4,000.00

HKD4,000.00

Daily

15:30

-

*Not include dividends (If applicable)

Fund Performances (including dividend, if any)

1 mth
+3.22%
3 mth
+14.65%
6 mth
+9.31%
1 yr
+10.28%
3 yr
-
5 yr
-

Analytical Figures (3 years)

Annualized Return
-
Annualized Volatility
-
Sharpe Ratio
-

Fund Information

Fund Houses
E Fund Management (HK) Co., Ltd
Launch Date
2016-11-15
Fund Manager
Craig Chen
Manager Start Date
Craig Chen (Start Date : 2016-11-16)
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 )
-
Management Fee
Up to 1.5%
Latest Dividend
N.A.

Sector Leaders

    No Funds

Dealing Information

Secure Transaction

Derivatives knowledge not required

HKD4,000.00Min. Subscription

Up to 1.5%

HKD4,000.00Min. Subscription

USD

HKD4,000.00Min. Subscription

HKD4,000.00

HKD4,000.00

Daily

15:30

-

Dividend Records

No Dividends

Investment Objective

The investment objective of the Sub-Fund is to achieve medium to long-term capital appreciation primarily through equity-based investments in equity and equity-related securities of “leading” companies which are incorporated in, have their area of primary activity in or are related to the growth of the economy in the People’s Republic of China (the “PRC”). There can be no assurance that the Sub-Fund will achieve its investment objective.

Nature and Extent of Risks

Investment involves risks. Please refer to the Explanatory Memorandum for details including the risk
factors.
1. Investment risk
- Investment in the Sub-Fund is subject to normal market fluctuations and other risks inherent in the SubFund’s assets. Accordingly, there is a risk that you may not recoup the original amount invested in the Sub-Fund or may lose a substantial part or all of your investment.
2. Concentration risk
- The Sub-Fund’s investments are concentrated in companies whose activities are closely related to the economic development and growth of Mainland China. This may result in greater volatility and potential settlement difficulties than portfolios which comprise broad-based global investments and thereby may adversely affect the value of the Sub-Fund. The value of the Sub-Fund may be more susceptible to adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory events affecting the Greater China market.
3. Equity risk
- The value of the Sub-Fund’s investments might suddenly and substantially decrease in value due to factors such as the possibility of sudden or prolonged market declines and risks associated with individual companies. Economic, political or issuer-specific changes may adversely affect individual companies as well as the NAV.
4. Mainland China related risks
- Investing in Mainland China involves increased risks and special considerations not typically associated with investment in more developed markets, such as liquidity risks, currency risks/control, political and economic uncertainties, legal and taxation risks, settlement risks, custody risk and the likelihood of a high degree of volatility.
- The financial reporting standards and practices applicable to Mainland Chinese companies may be less rigorous. As the disclosure and regulatory standards in Mainland China are less stringent than in more developed markets, there might be substantially less publicly available information about issuers in Mainland China on which the Manager can base investment decisions.
5. Risks associated with ADRs and GDRs
- Exposure to ADRs and GDRs may generate additional risks compared to a direct exposure to the corresponding underlying stocks. There could be a risk that underlying shares would not be attributed to holders of ADRs/GDRs in case of bankruptcy of the depositary bank.
- Fees related to ADRs/GDRs may impact their performance. Also, holders of ADRs/GDRs are not direct shareholders of the underlying company and generally do not have voting and other shareholder rights. The Sub-Fund may also be subject to liquidity risk.
6. Mainland China tax risk
- The Sub-Fund may be exposed to risks associated with changes in current Mainland China tax laws, regulations and practice in respect of capital gains realised via RQFII quota or Stock Connect on the SubFund’s investment in Mainland China (which may have retrospective effect). Any increase tax liabilities on the Sub-Fund may adversely affect the Sub-Fund’s value.
- Based on independent professional tax advice and in accordance with such advice, the Manager will not make any withholding income tax provision for the account of the Sub-Fund in respect of any potential Mainland China tax liability on gross unrealised and realised gains realised on the Sub-Fund’s trading of A-Shares. In the event that such tax liability is imposed, the relevant amounts will be deducted from the Sub-Fund’s assets which may consequently reduce the value of the units.
7. Foreign exchange risk
- An investment in the Sub-Fund may involve exchange rate risk. The investments of the Sub-Fund may be denominated in currencies other than the base currency of the Sub-Fund (which is USD), including the RMB. The RMB is not freely convertible and subject to exchange controls and restrictions. Also, a class of units may be designated in a currency other than the base currency of the Sub-Fund. There is also no guarantee that such other currencies will not depreciate. Fluctuations in the exchange rates between such other currencies and the base currency as well as associated fees and charges may have an adverse impact on the performance of the Sub-Fund.
8. Liquidity risk
- The Sub-Fund may invest in securities where the volume of transactions may fluctuate significantly depending on market sentiment. There is a risk that investments made by the Sub-Fund may become less liquid in response to market developments or adverse investor perceptions.
- In extreme market situations, there may be no willing buyer and the investments cannot be readily sold at the desired time or price, and the Sub-Fund may have to accept a lower price to sell the investments or may not be able to sell the investments at all. An inability to sell a portfolio position can adversely affect the Sub-Fund’s value or prevent the Sub-Fund from being able to take advantage of other investment opportunities.

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