Threadneedle (Lux) Asia Contrarian Equity Fund AU Acc USD

天利 (盧森堡) - 亞洲逆向股票基金 AU類 Acc 美元

LU1044875133

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 Hours

Dealing Information

Secure Transaction

Derivatives knowledge not required

HKD25,000.00Min. Subscription

1.50%

HKD25,000.00Min. Subscription

SGD / EUR / GBP / USD

HKD25,000.00Min. Subscription

HKD25,000.00

HKD25,000.00

Daily

14:00

2021-05-18

*Not include dividends (If applicable)

Fund Performances (including dividend, if any)

1 mth
-4.42%
3 mth
-7.88%
6 mth
+10.81%
1 yr
+45.98%
3 yr
+21.97%
5 yr
+88.40%

Analytical Figures (3 years)

Annualized Return
+6.84%
Annualized Volatility
+21.63%
Sharpe Ratio
+0.45

Fund Information

Fund Houses
Threadneedle Investments (Luxembourg Fund Series)
Launch Date
2014-05-13
Fund Manager
Soo Nam Ng
Christine Seng
Manager Start Date
Soo Nam NG (Start Date: 2014-05-14) Christine Seng (Start Date: 2014-03-17)
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 2021-05-10)
USD 165,282,638.06
Management Fee
1.50%
Latest Dividend
N.A.

Sector Leaders

    No Funds

Dealing Information

Secure Transaction

Derivatives knowledge not required

HKD25,000.00Min. Subscription

1.50%

HKD25,000.00Min. Subscription

SGD / EUR / GBP / USD

HKD25,000.00Min. Subscription

HKD25,000.00

HKD25,000.00

Daily

14:00

2021-05-18

Dividend Records

No Dividends

Investment Objective

The Portfolio seeks to achieve long-term capital appreciation by investing at least two-thirds of its assets in the equity securities of companies listed or domiciled, or exercising the predominant part of their economic activity in the Asia Pacific region (excluding Japan). For the avoidance of doubt, the Portfolio will invest at least two-thirds of its assets in the equity securities of companies listed or domiciled, or exercising the predominant part of their economic activity in Asia (which may include emerging market countries).

Nature and Extent of Risks

Investment involves risks. Please refer to the offering document for details including the risk factors.
Risks relating to the objective and investment strategy of the Portfolio
The Portfolio primarily invests in equity securities in Asia, taking a contrarian investment approach. This carries the following risks:
1. High Volatility Risk
- This Portfolio typically carries a risk of high volatility due to its portfolio composition or the portfolio management techniques used. Factors likely to increase the volatility of the Portfolio compared to other funds include its investments in equities, which typically show more fluctuations in their price than other asset types, such as bonds, its investments in emerging market countries, and the contrarian approach taken by the Portfolio. This means that the Portfolio’s value is likely to rise and fall more frequently and this could be more pronounced than for other portfolios.
- The value of equity securities is affected by various factors, such as the economic environment and market sentiment. A rise or fall in value of the equity securities affects the price of the Portfolio.
- The investments in the Portfolio are made principally in Asia. This means that the Portfolio has exposure to this market, and will be primarily affected by the rise and fall of equity markets in this region and only to a lesser extent by other global markets.
- Investors should be aware that geographic concentration may add more volatility than a broad-based fund such as a global equity fund.
- The value of the Portfolio may be adversely affected by the above factors and shareholders may suffer losses.
2. Investment Risk:
-The value of investments can fall as well as rise and investors might not get back the sum originally invested.
-There is no assurance that the Portfolio will achieve its objective.
-The Sub-Advisor’s contrarian approach to stock selection means that stocks that have under-performed the market will form part of the Portfolio. There is no guarantee that these stocks will recover and this could have an adverse effect on the value of the Portfolio.
-The Portfolio may invest in REITs. Investors should note that the underlying REITs which the Portfolio invests may not necessarily be authorised by the SFC. In addition, the dividend/payout policy of the Portfolio is not representative of the dividend/payout policy of the underlying REITs. Although it is intended that the REITs the Portfolios invest in will have a similar level of liquidity to those of equities, their underlying real estate investments may be relatively illiquid and this may affect the ability of a REIT to vary its investment portfolio or sell its assets in adverse market conditions or exceptional circumstances. These factors may have an adverse impact on the value of the Portfolios and Shareholders may suffer losses.
3. Political and Financial Risk (Emerging Market Risk)
The Portfolio may invest in emerging markets where economic, political and regulatory risk can be significant. Investments in emerging markets may be more volatile and subject to higher liquidity and settlement risks than other investments. These factors, as well as fluctuations in currency, inflation and interest rates, and the ability of the Portfolio to convert foreign currencies, can have an adverse impact on the value of the Portfolio.
4. Risks associated with Shanghai-Hong Kong stock connect and Shenzhen-Hong Kong stock connect (“Stock Connects”):
The Portfolio may invest and have direct access to certain eligible China A-Shares via Stock Connects. The relevant rules and regulations on Stock Connects are subject to change which may have potential retrospective effect. Stock Connects are subject to quota limitations. Where a suspension in the trading through Stock Connects is effected, the Portfolio’s ability to invest in China A-Shares or access the PRC market will be adversely affected. In such event, the Portfolio’s ability to achieve its investment objective could be negatively affected.
5. Risks associated with the Small and Medium Enterprise Board and/or ChiNext of the Shenzhen Stock Exchange (“SZSE”)
The Portfolio may have exposure to stocks listed on Small and Medium Enterprise Board (“SME Board”) and/or ChiNext of the SZSE and may be subject to the following risks: Higher fluctuation on stock prices – Listed companies on the SME Board and/or ChiNext are usually of emerging nature with smaller operating scale. Hence, they are subject to higher fluctuation in stock prices and liquidity and have higher risks and turnover ratios than companies listed on the Main Board of the SZSE (“Main Board”).
Over-valuation risk – Stocks listed on SME Board and/or ChiNext may be overvalued and such exceptionally high valuation may not be sustainable. Stock price may be more susceptible to manipulation due to fewer circulating shares.
Differences in regulation – The rules and regulations regarding companies listed on ChiNext are less stringent in terms of profitability and share capital than those in the Main Board and SME Board.
Delisting risk – It may be more common and faster for companies listed on the SME Board and/or ChiNext to delist. This may have an adverse impact on the Portfolio if the companies that it invests in are delisted. Investments in the SME Board and/or ChiNext may result in significant losses for the Portfolio and its investors.
6. Currency Risk (Foreign exchange risks)
The Portfolio holds investments in multiple currencies. Changes in exchange rates between the currency of the underlying investments of the Portfolio and the Portfolio's base currency may adversely affect the value of the investments of the Portfolio. The returns of your investments may therefore be subject to foreign exchange risks. The returns of your investments may be adversely affected as a result.
7. Investor Currency Risk
Where you invest in a share class with a different currency to the Portfolio's base currency, changes in exchange rates between the Portfolio's base currency and the currency of the relevant share class may adversely affect the value of your investments.
8. Hedging Risk
- Derivatives may be used to hedge losses, but they may also offset gains. There is no guarantee that a hedging strategy will work as intended, and a hedging strategy may even unintentionally increase risk.
- The use of financial derivative instruments by the Portfolio for hedging and/or efficient portfolio management purposes may become ineffective in adverse situations or if the Management Company or the Sub-Advisor employs a strategy that does not correlate well with the Portfolio's investments. This may result in a significant loss to the Portfolio.