Janus Henderson Horizon Asian Growth Fund A2 Acc USD

駿利亨德森遠見亞洲增長基金 A2類 Acc 美元

LU0011890851

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.

On Holiday

Dealing Information

Secure Transaction

Derivatives knowledge not required

HKD25,000.00Min. Subscription

1.20%

HKD5,000.00Min. Subscription

HKD / JPY / EUR / GBP / USD

HKD25,000.00Min. Subscription

HKD25,000.00

HKD25,000.00

Daily

16:00

2019-09-30

*Not include dividends (If applicable)

Fund Performances (including dividend, if any)

1 mth
+1.84%
3 mth
-0.15%
6 mth
-1.12%
1 yr
+1.19%
3 yr
+21.18%
5 yr
+19.10%

Analytical Figures (3 years)

Annualized Return
+6.61%
Annualized Volatility
+14.58%
Sharpe Ratio
+0.41

Fund Information

Fund Houses
Janus Henderson Horizon Fund
Launch Date
1995-07-02
Fund Manager
Andrew Gillan
Mervyn Koh
Manager Start Date
Andrew Gillan (Start Date: 2014-06-01) Mervyn Koh (Start Date: 2015-10-01)
Geographical Focus
Asia Pacific ex Japan
Asset Class/ Sector
Equity - All 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 2019-08-30)
USD 20,650,930.54
Management Fee
1.20%
Latest Dividend
USD 0.086700 (1999-09-29)

Sector Leaders

    No Funds

Dealing Information

Secure Transaction

Derivatives knowledge not required

HKD25,000.00Min. Subscription

1.20%

HKD5,000.00Min. Subscription

HKD / JPY / EUR / GBP / USD

HKD25,000.00Min. Subscription

HKD25,000.00

HKD25,000.00

Daily

16:00

2019-09-30

Dividend Records

Dividend DateDividend Records (USD)
1999-09-290.086700
1998-09-230.574306
1997-09-240.117149
1996-09-240.115100
1995-09-270.284250
1994-09-271.394030
1992-09-220.228140
1991-10-210.060690
1989-12-130.056700
1989-06-290.237200

Investment Objective

The investment objective of the Sub-Fund is to seek long-term capital appreciation through investment in a variety of sectors across the Asian equity markets (Hong Kong, Thailand, Malaysia, Singapore, China, India, Philippines, South Korea, Taiwan, Indonesia, Australia and New Zealand amongst others), excluding Japan.

Nature and Extent of Risks

Investment involves risks. Please refer to the Prospectus and Hong Kong Covering Document for details including the risk factors.
1. Equity and equity-related securities risk
The value of equity and equity-related securities may be affected by various economic, political, market and issuer-specific factors and changes in investment sentiment. As a result, the value of such securities may be volatile and decline in value over short or even extended periods of time as well as rise. A fall in the value of equity and equity related securities may adversely affect the NAV of the Sub-Fund.
2. Risks relating to securities lending
Investors should note that if the borrower of securities lent by the Sub-Fund becomes insolvent or refuses to honour its obligations to return the relevant securities in a timely manner, the Sub-Fund would experience delays in recovering its securities and may possibly incur a capital loss which may adversely impact investors. The collateral received may realise at a value less than the value of the securities lent out, whether due to inaccurate pricing, adverse market movements, a deterioration in the credit rating of the issuers of the collateral, or the illiquidity of the market in which the collateral is traded. Further, delays in the return of securities on loan may restrict the ability of the Sub-Fund to meet delivery obligations under security sales or payment obligations arising from realisation requests.
3. Currency risk
Assets of a Sub-Fund may be denominated in a currency other than the base currency (i.e. US Dollar) of the Sub-Fund. Also, a Share Class may be designated in a currency other than the base currency of the Sub-Fund. Changes in exchange rate control and changes in the exchange rate between the base currency and these currencies may affect the value of the Sub-Fund's assets as expressed in the base currency. Adverse fluctuations in currency exchange rates can result in a decrease in return and in a loss of capital which may have an adverse impact on the Sub-Fund.
4. Derivatives risk
The use of FDIs can involve a higher level of risk, in adverse situations, the Sub-Fund's use of FDIs may become ineffective in hedging and/or EPM and the Sub-Fund may suffer significant losses. The leverage element/component of an FDI can result in a loss significantly greater than the amount invested in the FDI by the Sub-Fund. The use of FDIs also exposes the Sub-Fund to associated risks including counterparty risk, leverage risk, liquidity risk, volatility risk and valuation risk.
5. Performance fee risk
Performance fees may encourage the IM to make riskier investment decisions than in the absence of performance-based incentive systems. The increase in NAV which is used as a basis for the calculation of performance fees, may comprise of both realised gains and unrealised gains as at the end of the calculation period, and as a result, performance fees may be paid on unrealised gains which may subsequently never be realised by the Sub-Fund.
The Sub-Fund does not apply any equalisation in the calculation of performance fee, therefore there may be circumstances where an investor may either be advantaged or disadvantaged as a result of the performance fee calculation methodology. Specifically, in the event of the Sub-Fund's outperformance, an investor may be subject to a performance fee regardless of whether a loss in investment capital has been suffered by the investor.
6. Market risk
The value of the investments in the Sub-Fund may go up or down due to changing economic, political, regulatory, social development or market conditions that impact the share price of the companies that the Sub-Fund invests in. A fall in the value of the Sub-Fund's investment may cause a fall in the NAV of the Sub-Fund. There is no guarantee of the repayment of principal.
7. Emerging market risk
Investments in emerging markets may involve increased risks and special considerations not typically associated with investments in more developed markets, such as liquidity risks, currency risks/ control, political and economic uncertainties, legal and taxation risks, settlement risks, custody risks and the likelihood of a high degree of volatility. Some of these markets may have relatively unstable governments, economies based on only a few industries and securities markets that trade only a limited number of securities. Many emerging markets do not have well-developed regulatory systems and disclosure standards may be less stringent than those of developed markets. Such risks could adversely affect the value of the Sub-Fund's investments and the NAV of the Sub-Fund.
8. Concentration risk
The Sub-Fund's instruments are concentrated in Asia (excluding Japan). The Sub-Fund will be more susceptible to and may be adversely affected by any single economic market, political, policy, foreign exchange, liquidity, tax, legal or regulatory occurrence affecting the Asian (excluding Japan) market. Although the Sub-Fund has a regional investment universe, it may at times be concentrated in certain countries or sectors. The value of the Sub-Fund will be more volatile than a sub-fund that has a more diverse portfolio of investments.
9. Liquidity risk
Any security could become hard to value or to sell at a desired time and price, increasing the risk of investment losses.
10. Hedging risk
Any attempts to reduce certain risks may not work as intended. Any measures that the Sub-Fund takes that are designed to offset specific risks may work imperfectly, may not be feasible at times, or may fail completely. To the extent that no hedge exists, the Sub-Fund or share class will be exposed to all risks that the hedge would have protected against.

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