First State Asian Growth Fund I Acc USD

首域亞洲增長基金 I類 Acc 美元

IE0008368411

Risk Rating: Level 4

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 three (3) or four (4), these are mainly aimed at providing income and capital appreciation to investors by investing primarily in balanced portfolio, including high yield bonds and global equities 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

HKD15,000.00Min. Subscription

1.50%

HKD10,000.00Min. Subscription

USD

HKD15,000.00Min. Subscription

HKD15,000.00

HKD15,000.00

Daily

16:30

-

*Not include dividends (If applicable)

Fund Performances (including dividend, if any)

1 mth
+2.95%
3 mth
+6.20%
6 mth
+6.72%
1 yr
+14.25%
3 yr
+32.99%
5 yr
+26.39%

Analytical Figures (3 years)

Annualized Return
+9.97%
Annualized Volatility
+11.15%
Sharpe Ratio
+0.60

Fund Information

Fund Houses
First State Investments
Launch Date
1999-08-04
Fund Manager
Richard Jones
Alistair Thompson
Manager Start Date
2004-1-1
2004-1-31
Geographical Focus
Asia Pacific ex Japan
Asset Class/ Sector
Equity - Large cap
Risk Rating
Risk Level 4

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 three (3) or four (4), these are mainly aimed at providing income and capital appreciation to investors by investing primarily in balanced portfolio, including high yield bonds and global equities etc. For more details, please refer to the Due Diligence section under the Procedures page.

Fund AUM(As of 2019-11-17)
USD 574,649,924.2
Management Fee
1.50%
Latest Dividend
USD 0.040000 (2006-08-13)

Sector Leaders

    No Funds

Dealing Information

Secure Transaction

Derivatives knowledge not required

HKD15,000.00Min. Subscription

1.50%

HKD10,000.00Min. Subscription

USD

HKD15,000.00Min. Subscription

HKD15,000.00

HKD15,000.00

Daily

16:30

-

Dividend Records

Dividend DateDividend Records (USD)
2006-08-130.040000

Investment Objective

The investment objective of the Fund is to achieve long term capital appreciation.

Nature and Extent of Risks

Investment involves risks. Please refer to the offering document for details including the risk factors.
1. Investment Risk
Investment in shares involves risk. The value of shares in the Fund may rise or fall and you may not get back the full amount you invested. Past performance of the Fund is not a guide to future performance.
2. Market Risk
Certain situations may have a negative effect on the price of shares within a particular market. These may include regulatory changes, political changes, economic changes, technological changes and changes in the social environment.
3. Emerging Market Risk
Investing in shares in emerging markets (countries considered to have social or business activity in the process of rapid growth and development) may involve a greater risk than investing in shares in developed markets. These risks may include sharp price movements, liquidity risk and currency risk.
4. China Market Risk
The Fund may invest in securities linked to the China markets, including equity linked or participation notes and collective investment schemes in relation to China A Shares. Such investments involve risks associated with investing in the China markets, including liquidity and volatility risk, currency and repatriation risk, changes in social, political or economic policies, and uncertainties with respect to taxation policies. The Fund’s investments in the China markets may as a result incur significant losses. The Investment Manager currently does not intend to make any provisions for PRC taxes in relation to the Fund’s investments in securities that are linked to the China markets. If such PRC taxes are imposed on the Fund, the Net Asset Value of the Fund may be adversely impacted and investors may as a result suffer loss.
5. Risks associated with investments via Stock Connect
The Stock Connect is a programme novel in nature. The relevant regulations are untested and subject to change. The programme is subject to quota limitations which may restrict the Fund’s ability to invest in certain eligible shares listed on the Shanghai Stock Exchange (“SSE securities”) through the programme on a timely basis and as a result, the Fund’s ability to access the SSE securities market via the programme (and hence to pursue its investment strategy) may be adversely affected. The PRC regulations impose certain restrictions on selling and buying. Hence the Fund may not be able to dispose of holdings of SSE securities in a timely manner. Also, a stock may be recalled from the scope of eligible stocks for trading via the Stock Connect. This may adversely affect the investment portfolio or strategies of the Fund, for example, when the Investment Manager or Sub-Investment Manager wishes to purchase a stock which is recalled from the scope of eligible stocks. Due to the differences in trading days, the Fund may be subject to a risk of price fluctuations in SSE securities on a day that the PRC market is open for trading but the Hong Kong market is closed. Under the programme, investments in SSE securities acquired by the Fund shall be held by and in the name of the Hong Kong Securities Clearing Company Limited (“HKSCC”) as nominee holder whilst the Fund as the beneficial owner of such securities shall exercise their rights in relation to such securities through HKSCC to the extent agreed between HKSCC and the Fund as the nominee holder. There is a lack of clear definition of and distinction between “legal ownership” and “beneficial ownership” under PRC law and there have been few cases involving nominee account structure in the PRC courts. The exact nature and methods of enforcement of the rights and interests of the Fund as a beneficial owner under PRC law therefore remains uncertain.
6. QFII/Equity Linked Note Risk
The Fund may invest in equity linked notes (“ELN”) to access restricted markets including the China A-Share market. ELN are subject to the terms imposed by their issuers which are generally qualified foreign institutional investors (“QFII”), the credit risk of the counterparty, and can be illiquid. Investments made by QFII are subject to the applicable PRC regulations (including rules on investment restrictions, minimum investment holding periods, and repatriation of principal and profits) and custody risk. Depending on the terms of the ELN, the risks and restrictions that apply to QFII may have a consequential adverse impact on the liquidity and/or investment performance of the ELN invested in by the Fund. In addition, investment through ELN may lead to a dilution of performance of the Fund when compared to a Fund investing directly in the underlying assets due to fees embedded in the ELN.
7. Liquidity Risk
The Fund may not be able buy or sell its assets in a timely manner and/or at a reasonable price as not all the shares the Fund invests in are listed or traded on an exchange, as a result liquidity may be low.
8. Currency Risk
The Fund may buy shares in various currencies. The value of shares in the Fund may be impacted due to changes in the exchange rates of currencies which are different from the base currency of the Fund.
9. Derivatives Risk
The Fund may use FDIs for purposes of hedging and efficient portfolio management. FDIs that are not traded on an exchange are subject to, among others, liquidity risk (i.e. the risk that the Fund may not be able to close out a derivative position in a timely manner and/or at a reasonable price) and counterparty risks (i.e. the risk that a counterparty may become insolvent and therefore unable to meet its obligations under a transaction). In adverse situations, the use of FDIs may become ineffective in achieving hedging or efficient portfolio management and the Fund may suffer significant losses.

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