Manulife Global Fund - Russia Equity Fund AA Dis USD

宏利環球基金 - 俄羅斯股票基金 AA類 Dis 美元

LU0314102079

Risk Rating: Level 6

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.

Non-dealing Hours

Dealing Information

Secure Transaction

Derivatives knowledge not required

HKD25,000.00Min. Subscription

1.75%

HKD5,000.00Min. Subscription

HKD / 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
+10.05%
3 mth
+2.48%
6 mth
+12.67%
1 yr
+17.62%
3 yr
+39.54%
5 yr
+24.28%

Analytical Figures (3 years)

Annualized Return
+11.74%
Annualized Volatility
+16.10%
Sharpe Ratio
+0.59

Fund Information

Fund Houses
Manulife Asset Management (Hong Kong) Limited
Launch Date
2007-11-18
Fund Manager
Stefan Herz
Manager Start Date
Stefan Herz
(Start Date: 2010-07-01)
Geographical Focus
Russia
Asset Class/ Sector
Equity - All cap
Risk Rating
Risk Level 6

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 2019-09-18)
USD 80,720,715.91
Management Fee
1.75%
Latest Dividend
USD 0.011100 (2018-11-04)

Sector Leaders

    No Funds

Dealing Information

Secure Transaction

Derivatives knowledge not required

HKD25,000.00Min. Subscription

1.75%

HKD5,000.00Min. Subscription

HKD / USD

HKD25,000.00Min. Subscription

HKD25,000.00

HKD25,000.00

Daily

15:30

2019-09-30

Dividend Records

Dividend DateDividend Records (USD)
2018-11-040.011100
2017-10-290.010730
2016-10-300.009969
2015-11-010.010619
2013-11-040.012424
2012-10-280.003789
2009-11-010.000372

Investment Objective

Russia Equity Fund aims to provide long term capital growth for those who hold a long term investment view and who are prepared to accept significant fluctuations in the value of their investments in order to achieve long term returns.
It is intended that the investments will be made on a diversified basis. At least 70% of the Sub-Fund’s net assets will be invested in equity and equity related securities of companies located in Russia and other companies located outside Russia whose income is predominantly derived from Russia, all of which in accordance with the regulations, are listed or traded on regulated markets. Such equity and equity related securities include common stocks, preferred stocks and depositary receipts. The Sub-Fund may also invest in other countries in the Commonwealth of Independent States*. The remaining assets of the Sub-Fund may include bonds (which may be below investment grade (i.e. below Baa3 by Moody’s or BBB- by Standard & Poor’s or Fitch) or unrated) and deposits. The Russia Equity Fund focuses on equities in Russia. The Investment Manager identifies company by the disciplined implementation through a rigorous bottom-up investment process – an active research-based process.

Nature and Extent of Risks

Investment involves risks. Please refer to the Prospectus which forms part of the Hong Kong Offering Document for details including the risk factors.
1. Investment Risk:
The Sub-Fund’s investment portfolio may fall in value due to any of the key risk factors below and therefore your investment in the Sub-Fund may suffer losses. There is no guarantee of the repayment of principal.
2. Equity Market Risk:
The Sub-Fund’s investment in equity securities is subject to general market risks, whose value may fluctuate due to various factors, such as changes in investment sentiment, political and economic conditions and issuer-specific factors.
3. Geographical Concentration Risk:
The concentration of the Sub-Fund’s investments in Russia-related companies may result in greater volatility than portfolios which comprise broad-based global investments.
4. Political and Economic Factors in Russia:
In respect of certain emerging economies or markets in which the Sub-Fund may invest, it may be exposed to higher risks than in developed economies or markets. Some previous political regimes in Russia, had centrally planned, socialist economies and authoritarian systems of government. During the 1990's Russia and the Commonwealth of Independent States have undergone substantial political and social transformation. These factors may adversely affect the overall investment climate and, in particular, investment opportunities for the Sub-Fund. The consequences, however, are profound, and investors should take into account the unpredictability of their eventual outcome.
5. Illiquid Securities
Certain of the Sub-Fund’s investments in Russia may, from time to time be illiquid, , and may have an adverse effect on market price and the Sub-Fund’s ability to dispose of particular instruments to meet its liquidity requirements or in response to specific events such as deterioration in the creditworthiness of any particular issue.
6. Taxation Risk:
The Sub-Fund may invest in the Russian market, either directly or indirectly, through a wholly-owned subsidiary incorporated in Cyprus, in order to benefit from the existing favourable double taxation treaty between Cyprus and Russia. However, there can be no guarantee that this treaty will benefit the Sub-Fund throughout its existence.
7. Small Cap Risk:
Investments in securities of small and medium sized companies may involve greater risk than is customarily associated with investment in larger and more established companies. In particular, smaller companies often have limited product lines, markets or financial resources, with less research information available about the company, and their management may be dependent on a few key individuals.
8. Currency Risk:
The Sub-Fund is denominated in US dollars. Its performance will be affected by movements in the exchange rates between the currencies in which the assets are held and US dollars, and any changes in exchange control regulations which may cause difficulties in the repatriation of funds.
9. Liquidity and Volatility Risks:
The Sub-Fund may invest in companies which are less well
established in their early stages of development. These companies may often experience significant price volatility and potential lack of liquidity due to the low trading volume of their securities. The absence of adequate liquidity may also arise when a particular
securities is difficult to sell at the desired moment during particular periods or in particular market conditions.
10. Non-Investment Use of FDIs:
The use of FDIs does not form part of the investment strategy of the Sub-Fund, but the Investment Manager may from time to time utilize FDIs for efficient portfolio management and hedging purposes. The use of derivatives exposes the Sub-Fund to additional risks, including: (i) volatility risk - FDIs may be highly volatile; (ii) management risk - the results are reliant upon the success of the Investment Manager in making investment decisions in the prevailing market conditions; (iii) market risk - there is a risk from exposure to changes in market value of FDIs; (iv) credit risk - the Sub-Fund is exposed to the risk of loss resulting from a counterparty’s failure to meet its financial obligations; and (v) liquidity risk – which exists when particular investments are difficult to be purchased or sold quickly. The eventuation of any of the above risks could have an adverse effect on the net asset value of the Sub-Fund. In adverse situations, the Sub-Fund's use of FDIs may become ineffective in efficient portfolio management or hedging and the Sub-Fund may suffer significant losses.
11. Performance Fee Risk:
A shareholder redeeming shares may still be subject to the performance fee charge in respect of such shares, even though he/she suffered a loss in investment capital.

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