Mirae Asset China Sector Leader Equity Fund A Acc USD

未來資產中國龍頭股票基金 A類 Acc 美元

LU0336295752

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

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

15:30

2019-09-30

*Not include dividends (If applicable)

Fund Performances (including dividend, if any)

1 mth
+2.93%
3 mth
+2.26%
6 mth
+0.41%
1 yr
+10.52%
3 yr
+35.56%
5 yr
+32.33%

Analytical Figures (3 years)

Annualized Return
+10.67%
Annualized Volatility
+19.71%
Sharpe Ratio
+0.54

Fund Information

Fund Houses
Mirae Asset Global Investments (Hong Kong) Ltd.
Launch Date
2009-09-01
Fund Manager
Byung-Ha Kim
Manager Start Date
2012-02-06
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 2019-08-30)
USD 8,380,120.92
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

15:30

2019-09-30

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 China
Investing in China can be significantly affected by general economic and political conditions and changes in government policy in China. The investment may also be sensitive to regulatory developments, tax law and practice in China and fluctuations in the rate of exchange of Renminbi.
Investment in China also carries a 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 and higher liquidity risk).
2. Single Country risk
The Sub-Fund invests mainly in China and Hong Kong, its investment is not as diversified as regional funds or global funds. The Sub-Fund tends to be more volatile than regional funds or global funds and its portfolio value can be exposed to country specific risks.
3. Foreign exchange risk
Changes in foreign currency exchange rates will affect the value of shares held in the Sub-Fund. 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 or increase.
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 which may restrict the Sub-Fund’s ability to invest in China A-Shares through the Stock Connect on a timely basis and as a result, the Sub-Fund’s ability to access the China AShare market (and hence to pursue its investment strategy) will be adversely affected. Where a suspension in the trading through the Stock Connect is effected, the SubFund’s ability to access the China A-Share market will be adversely affected. Apart from restrictions on buying (due to quota limitations), the Chinese regulations impose certain restrictions on selling (i.e. requiring that there must be sufficient China A-Shares in the account before an investor sells any China A-Share). Hence, the Sub-Fund may not be able to dispose of holdings of China A-Shares 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 Sub-Fund, for example, when the Principal Investment Manager wishes to purchase a stock which is recalled from the scope of eligible stocks for trading via the Stock Connect. Due to the differences in trading days, the Sub-Fund may be subject to a risk of price fluctuations in China A-Shares on a day that the China A-Share market is open for trading but the Hong Kong market is close.
Trading in securities through the Stock Connect may be subject to clearing and settlement risk. If the Chinese clearing house defaults on its obligation to deliver securities / make payment, the Sub-Fund may suffer delays in recovering its losses or may not be able to fully recover its losses. Further, the Sub-Fund’s investments through the Stock Connect are not covered by the Hong Kong’s Investor Compensation Fund or the China Securities Investor Protection Fund.
The Stock Connect requires the development of new information technology systems on the part of the stock exchanges and exchange participants and may be subject to operational risk. If the relevant systems failed to function properly, trading in both Hong Kong and China A-Share markets through the Stock Connect could be disrupted. The Sub-Fund’s ability to access the China A-Share market (and hence to pursue its investment strategy) will be adversely affected.
Although the Chinese rules and regulation generally recognize the Hong Kong and overseas investors (including the Sub-Fund) as the “ultimate owners” of the rights and interests of China A-Shares traded via Stock Connect, how an investor such as the SubFund, as the beneficial owner of the China A-Shares, under the Stock Connect structure, exercises and enforces its rights over its holdings in the PRC courts are to be tested.
When investing in China A-Shares through the Shenzhen-Hong Kong Stock Connect, the Fund will also be subject to the risks associated with the Small and Medium Enterprise Board of the Shenzhen Stock Exchange and/or ChiNext Board of the Shenzhen Stock Exchange.
6. 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 derivative instruments in effective portfolio management and hedging purposes may become ineffective and the Sub-Fund may suffer significant osses.
7. 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 SubFund may be adversely affected and may suffer significant loss as a result.
8. 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.

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