Mirae Asset Asia Sector Leader Equity Fund A Acc USD

未來資產亞洲龍頭股票基金 A類 Acc 美元

LU0336299408

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 HoursiMonth Plan

Dealing Information

Secure Transaction

Derivatives knowledge not required

HKD25,000.00Min. Subscription

Up to 2%

HKD10,000.00Min. Subscription

HKD / EUR / USD

HKD25,000.00Min. Subscription

HKD25,000.00

HKD25,000.00

Daily

14:00

-

*Not include dividends (If applicable)

Fund Performances (including dividend, if any)

1 mth
-1.16%
3 mth
-2.40%
6 mth
+25.94%
1 yr
+66.13%
3 yr
+25.45%
5 yr
+84.50%

Analytical Figures (3 years)

Annualized Return
+7.85%
Annualized Volatility
+20.20%
Sharpe Ratio
+0.40

Fund Information

Fund Houses
Mirae Asset Global Investments (Hong Kong) Ltd.
Launch Date
2013-05-16
Fund Manager
Rahul Chadha
Wei Wei Chua
Manager Start Date
Rahul Chadha (Start Date:2013-05-04) Wei Wei Chua (Start Date: 2020-01-09)
Geographical Focus
Asia
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 2020-03-30)
USD 197,045,468.8
Management Fee
Up to 2%
Latest Dividend
N.A.

Sector Leaders

    No Funds

Dealing Information

Secure Transaction

Derivatives knowledge not required

HKD25,000.00Min. Subscription

Up to 2%

HKD10,000.00Min. Subscription

HKD / EUR / USD

HKD25,000.00Min. Subscription

HKD25,000.00

HKD25,000.00

Daily

14:00

-

Dividend Records

No Dividends

Investment Objective

The primary objective of the Sub-Fund is to achieve long term growth in the share price through capital appreciation, measured in US Dollars, of the underlying equity portfolio.

Nature and Extent of Risks

"Investment involves risks. Please refer to the Hong Kong offering document for details including the risk factors.
1. Risk of investing in emerging markets
The Sub-Fund invests in emerging markets such as Korea, Thailand and China carrying higher risk than investment in a developed market (e.g. investment and repatriation restrictions, currency fluctuations, government involvement in the private sector, investor disclosure requirements, possibility of limited legal recourse). Investment in some emerging markets also carries a higher liquidity risk than investment in a developed market due to a relatively low market volume in emerging stock markets.
2. Single region risk
The Sub-Fund invests mainly in countries of Asia (ex Japan), its investment is not as diversified as global funds. The Sub-Fund tends to be more volatile than global funds and its portfolio value can be exposed to country specific risks.
3. Foreign exchange risk
The Sub-Fund may hold securities denominated in a currency other than the base currency. Changes in foreign currency exchange rates will affect the value of securities held in the Sub-Fund or value of shares held by the shareholders respectively. A depreciation of the denomination currency will lead to depreciation in the exchange value of the securities. Shareholders investing in the Sub-Fund other than in its base currency should be aware that exchange rate fluctuations could cause the value of their investment to diminish.
4. Risk of investing in equities and equity related securities
The Sub-Fund invests mainly in equities and equity related securities and the value of the Sub-Fund may be affected by changes in the stock markets, changes in the value of individual portfolio securities, as well as by economic, political, and issuer specific changes. At times, stock markets and individual securities can be volatile and prices can change substantially in short periods of time.
5. Risks related to investments through the Stock Connect
The relevant rules and regulations on the Stock Connect are subject to change which may have potential retrospective effect. The Stock Connect is subject to quota limitations. Where a suspension in the trading through the Stock Connect is effected, the Sub-Fund’s ability to invest in China A-Shares or access the PRC market through the Stock Connect will be adversely affected. In such event, the Sub-Fund’s ability to achieve its investment objective could be negatively affected.
6. Risks associated with Small and Medium Enterprise Board, the ChiNext Board and/or the Science and Technology Innovation Board
The Sub-Fund may invest in the Small and Medium Enterprise Board (“SME Board”) and/or the ChiNext Board of the Shenzhen Stock Exchange via the Shenzhen-Hong Kong Stock Connect and/or the Science and Technology Innovation Board (“STAR Board”) of the Shanghai Stock Exchange via the Shanghai-Hong Kong Stock Connect. Investments in the SME Board, ChiNext Board and/or the STAR Board may result in significant losses for the Sub-Fund and its investors, and will be subject to additional risks, including higher fluctuation on stock prices and liquidity risk, over-valuation risk, differences in regulations, delisting risk and concentration risk.
7. Risks related to investment in Mainland equity securities and PRC tax risks
The Sub-Fund may invest in China and may be subject to the risks of investing in emerging markets generally as well as country specific risks relating to China.
The value of the Sub-Fund may be more susceptible to adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory event affecting mainland China.
There are risks and uncertainties associated with the current PRC tax laws, regulations and practice in respect of capital gains realized via the Stock Connects or access products on the Sub-Fund’s investments in the PRC (which may have retrospective effect). Any increased tax liabilities on the Sub-Fund may adversely affect the Sub-Fund’s value.
Based on professional and independent tax advice, the Sub-Fund will not make tax provision for realized and unrealized capital gain derived from China A-Shares.
8. RMB currency and conversion risks
RMB is currently not a freely convertible currency and is subject to currency exchange control and repatriation policies of the Chinese government.
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.
9. Risk of financial derivative instruments
The use of financial derivatives instruments may expose the Sub-Fund to higher risks including market volatility risk, credit risk, counterparty risk and liquidity risk. In adverse situation, the use of financial derivatives instruments in effective portfolio management and hedging purposes may become ineffective and the Sub-Fund may suffer significant losses.
10. Risk of Foreign Account Tax Compliance Act (“FATCA”)
The Sub-Fund will endeavour to satisfy the requirements imposed by FATCA to avoid the imposition of FATCA withholding tax. In the event that the Sub-Fund is not able to comply with the requirements imposed by FATCA and the Sub-Fund suffers US withholding tax on its US investments (if any) as a result of non-compliance, the Sub-Fund may be adversely affected and may suffer significant loss as a result.
11. Investment risk
The Sub-Fund is an investment fund. The Sub-Fund’s investment portfolio may fall in value and therefore your investment in the Sub-Fund may suffer losses.