No fund search result

First Sentier Asian Property Securities Fund I Dis USD

首源亞洲房地產基金 I類 Dis 美元

IE00B1G9TM23

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.

On Holiday

Dealing Information

Secure Transaction

Derivatives knowledge not required

HKD15,000.00Min. Subscription

Up to 3%

HKD10,000.00Min. Subscription

USD

HKD15,000.00Min. Subscription

HKD15,000.00

HKD15,000.00

Daily

14:00

2020-09-30

*Not include dividends (If applicable)

Fund Performances (including dividend, if any)

1 mth
-2.68%
3 mth
-1.02%
6 mth
+23.12%
1 yr
-16.61%
3 yr
-6.34%
5 yr
+10.99%

Analytical Figures (3 years)

Annualized Return
-2.16%
Annualized Volatility
+17.96%
Sharpe Ratio
-0.05

Fund Information

Fund Houses
First Sentier Investors
Launch Date
2007-07-02
Fund Manager
Stephen Hayes
Manager Start Date
2012-09-01
Geographical Focus
Asia
Asset Class/ Sector
Equity - Traditional sectors
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 2020-09-23)
USD 5,770,211.446
Management Fee
Up to 3%
Latest Dividend
USD 0.076400 (2020-08-05)

Sector Leaders

    No Funds

Dealing Information

Secure Transaction

Derivatives knowledge not required

HKD15,000.00Min. Subscription

Up to 3%

HKD10,000.00Min. Subscription

USD

HKD15,000.00Min. Subscription

HKD15,000.00

HKD15,000.00

Daily

14:00

2020-09-30

Dividend Records

Dividend DateDividend Records (USD)
2020-08-050.076400
2020-02-120.117200
2019-08-070.114200
2019-02-130.104000
2018-08-080.122000
2018-02-070.103800
2017-08-090.099900
2017-02-150.088058
2016-08-100.093000
2016-02-150.074800
2015-08-120.094990
2015-02-110.060900
2014-08-130.100000
2014-02-120.078900
2013-08-140.088600
2013-02-180.099000
2012-08-150.095800
2012-02-150.080900
2011-08-180.101700
2011-02-160.082300
2010-08-170.085800
2010-08-160.085800
2010-02-220.087500
2009-08-170.084500
2009-02-160.123400
2008-08-180.137700
2008-02-190.148900
2008-02-180.148900

Investment Objective

The investment objective of the Fund is to achieve a total investment return consistent with income and long term capital growth.

Nature and Extent of Risks

Investment involves risks. Please refer to the offering document for details including the risk factors.
1.Investment Risk
The value of shares in the Fund may fall due to any of the key risk factors below and therefore your investment in the Fund may suffer losses. There is no guarantee of the repayment of principal.
2.Market Risk
Certain situations may have a negative effect on the price of shares within a particular market or cause fluctuation of the value of the Fund’s investment in equity securities. These may include regulatory changes, political changes, economic changes, technological changes, changes in the social environment, changes in investment sentiment and issuerspecific factors.
3.Emerging Market Risk
Investing in emerging markets (countries considered to have social or business activity in the process of rapid growth and development) may involve increased risks and special considerations not typically associated with investment in developed markets. These risks may include liquidity risks, currency risks/control, political and economic uncertainties, legal and taxation risks, settlement risks, custody risks, the likelihood of a high degree of volatility, market suspension, restrictions on foreign investment and control on repatriation of capital.
4.Real Estate Fund Risk
Although the Fund will not invest in real property directly, the Fund may be subject to risks similar to those associated with the direct ownership of real property. Investing in real estate related assets and securities may expose the Fund to additional risks. The value of the Fund may be impacted by operations and management of the underlying properties and changes in economic conditions. Investors should note that the underlying REITs of the Fund may not necessarily be authorised by the SFC and the dividend policy of the Fund is not representative of the dividend policy of the underlying REITs.
5.Single Country/Specific Region Risk
The Fund’s investments may be concentrated in a single country or a small number of countries or a specific region. The value of the Fund may be more volatile than a fund having a more diversified portfolio of investments covering multiple countries. The value of the Fund may be more susceptible to an adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory event affecting the relevant market.
6.Concentrated Risk
The Fund invests in a relatively small number of companies. It may be subject to greater risk of the Fund suffering proportionately higher loss should the shares in a particular company decline in value or otherwise be adversely affected than a fund that invests in a large number of companies. Although the Fund has a global or regional investment universe, it may at times invest a large portion of its assets in certain geographical area(s) or countries.
7.Single Sector Risk
The Fund’s investments may be concentrated in a single sector. Investing in a single sector offers the potential of higher returns but the value of the Fund may be more volatile than a fund having a more diversified portfolio of investments.
8.Small-capitalisation/Mid-capitalisation Companies Risk
The stock of small-capitalisation/mid-capitalisation companies may have lower liquidity and their prices are more volatile to adverse economic developments than those of larger capitalization companies in general.
9.Industry or Sector Risk
The Fund’s investments may be concentrated in fast growing economies or limited or specialist sectors. The value of the Fund may be more volatile than a fund having a more diversified portfolio of investments covering different economic sectors.
10.Property Securities Risk
The Fund invests primarily in the shares of companies that are involved in property (like REITS) rather than property itself. The Fund is subject to the risks associated with direct ownership of the property (in addition to securities markets risks). Accordingly, the value of these investments may fluctuate more than actual property.
11.Investments in Other Collective Investment Schemes Risk
The Fund may be subject to the risks associated with the underlying collective investment schemes. The Fund does not have control of the underlying investments of the collective investment schemes and there is no assurance that the investment objective and strategy of the underlying collective investment schemes will be successfully achieved which may have a negative impact on the Net Asset Value of the Fund. There may also be additional costs involved when investing into these underlying collective investment schemes.
12.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, foreign exchange, currency and repatriation risk, changes in social, political or economic policies, legal or regulatory event 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.
13.RMB Currency and Conversion Risk
Renminbi (“RMB”) is currently not freely convertible and is subject to exchange controls and restrictions. Non-RMB based investors are exposed to foreign exchange risk and there is no guarantee that the value of RMB against the investors’ base currencies (for example HKD) will not depreciate. Any depreciation of RMB could adversely affect the value of investor’s investment in the Fund. Although offshore RMB (CNH) and onshore RMB (CNY) are the same currency, they trade at different rates. Any divergence between CNH and CNY may adversely impact investors. Under exceptional circumstances, payment of redemptions and/or dividend payment in RMB may be delayed due to the exchange controls and restrictions applicable to RMB.
14.Volatility and Liquidity Risk
The securities in certain markets may be subject to higher volatility and lower liquidity compared to more developed markets. The prices of securities traded in such markets may be subject to fluctuations.
15.Currency Risk
The Fund may buy shares denominated in currencies other than the base currency of the Fund and a share class may be designated in a currency other than the base currency of the Fund. The value of shares in the Fund may be affected unfavorably by fluctuations in the exchange rates between these currencies and the base currency of the Fund and by changes in exchange rate controls.
16.Currency Hedged Share Class Risk
The Fund may issue classes where the class currency is different to the base currency of the Fund. Accordingly the value of an investor’s investment may be affected favourably or unfavourably by fluctuations in the rates of the different currencies. The Fund may create currency hedged share classes to hedge the resulting currency exposure back into the currency of the relevant class. In addition the Fund may invest in assets with various currency denominations other than the base currency, and the Fund may hedge currency exposure due to investing in assets denominated in currencies other than the Fund’ s base currency. Whilst these hedging strategies aim to reduce the losses to an investor’ s investment if the currency of that currency hedged share class or the currencies of the underlying assets which are denominated in currencies other than the Fund’ s base currency fall against that of the base currency of the Fund the use of hedging strategies may substantially limit investors in the relevant class from benefiting if the currency of that currency hedged share class rises against that of the base currency of the Fund and/ or the currency in which the assets of the Fund are denominated. Investors should be aware that there may be circumstances in which a hedging transaction may reduce currency gains that would otherwise arise in the valuation of the Fund. The gains/losses on, and the costs of, such hedging transactions will, to the extent permitted by applicable law and regulation, be borne on a pro rata basis by the currency hedged share classes.
Investors in currency hedged share classes should be aware that the currency hedging process for both types of currency hedged share classes may not give a precise hedge. Hedging transactions are designed to reduce, as much as possible, the currency risk for investors. However, there is no guarantee that the hedging will be totally successful and no hedging strategy can eliminate currency risk entirely. Should a hedging strategy be incomplete or unsuccessful, the value of the Fund’s assets and income can remain vulnerable to fluctuations in currency exchange rate movements. Investors in the currency hedged share classes may have exposure to currencies other than the currency of their share class and may also be exposed to the risks associated with the instruments used in the hedging process.
17.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), counterparty/credit risks (i.e. the risk that a counterparty may become insolvent and therefore unable to meet its obligations under a transaction), valuation risk, volatility risk and overthe-counter transaction risk. The leverage component of an FDI can result in loss significantly greater than the amount invested in the FDI by the Fund. In adverse situations, the use of FDIs may become ineffective in achieving hedging or efficient portfolio management and may lead to a high risk of significant losses by the Fund.
18.Risks associated with distributions or paying fees and expenses out of capital
(i) Payment of dividends out of capital or (ii) payment of fees and expenses out of capital to increase distributable income amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment. Any such payments or distributions involving payment of dividends out of the Fund’s capital or payment of dividends effectively out of the Fund’s capital (as the case may be) may result in an immediate decrease of the Net Asset Value per Share.