Value Partners Taiwan Fund Acc USD

惠理臺灣基金 Acc 美元

KYG9318Y1061

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

HKD4,000.00Min. Subscription

1.25%

HKD4,000.00Min. Subscription

USD

HKD4,000.00Min. Subscription

HKD4,000.00

HKD4,000.00

Daily

16:30

2019-09-30

*Not include dividends (If applicable)

Fund Performances (including dividend, if any)

1 mth
+5.59%
3 mth
+11.39%
6 mth
+8.84%
1 yr
+5.24%
3 yr
+33.47%
5 yr
+36.41%

Analytical Figures (3 years)

Annualized Return
+10.10%
Annualized Volatility
+8.34%
Sharpe Ratio
+0.88

Fund Information

Fund Houses
Value Partners Ltd.
Launch Date
2008-03-02
Fund Manager
Team managed
Manager Start Date
Team Managed (start date: 2008-03-03)
Geographical Focus
Taiwan
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 2019-09-15)
USD 71,188,928.34
Management Fee
1.25%
Latest Dividend
N.A.

Sector Leaders

    No Funds

Dealing Information

Secure Transaction

Derivatives knowledge not required

HKD4,000.00Min. Subscription

1.25%

HKD4,000.00Min. Subscription

USD

HKD4,000.00Min. Subscription

HKD4,000.00

HKD4,000.00

Daily

16:30

2019-09-30

Dividend Records

No Dividends

Investment Objective

The Fund aims to achieve long term capital growth through primarily (i.e. not less than 70% of the Fund’s noncash assets) investing in equity and equity linked securities of companies that are listed on (a) the Taiwan Stock Exchange; or (b) the GRE Tai Securities Market; or (c) any stock exchange but which have their main operations or majority of assets in or derive the majority of their income from Taiwan. This includes companies incorporated and/or quoted outside Taiwan.

Nature and Extent of Risks

Investment involves risks. Please refer to the offering document for details including the risk factors.
1. Investment risk
- The Fund is an investment fund. There is no guarantee of the repayment of principal. The Fund’s investment portfolio may fall in value due to any of the key risk factors below and you may lose a substantial proportion or all of your investment in the Fund.
2. Equity market risk
- The 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. Risk of investing in Taiwan / emerging market
- Taiwan is an emerging market. Investing in Taiwan-related companies involves certain increased risks and special considerations not typically associated with investment in more developed economies or markets, such as greater political, tax, economic, foreign exchange risks/controls, liquidity, settlement, custody, legal and regulatory risk, and the likelihood of higher degree of volatility.
- High market volatility and potential settlement difficulties in the Taiwan market may also result in significant fluctuations in the prices of the securities traded in such market and thereby may adversely affect the value of the Fund.
- Securities exchanges in Taiwan typically have the right to suspend or limit trading in any security traded on the relevant exchange. The government or the regulators may also implement policies that may affect the financial markets. All these may have a negative impact on the Fund.
4. Concentration risk
- The Fund’s investments are concentrated in the Taiwan market. The concentration of the Fund’s investments in Taiwan-related companies may result in greater volatility than portfolios which comprise broad-based global investments or have a more diverse portfolio of investments.
- The value of the Fund may be more susceptible to adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory event affecting the Taiwan market.
5. Risks associated with small/mid-capitalisation companies
- The Fund may invest in stocks of small/mid-capitalisation companies which may have lower liquidity and their prices are more volatile to adverse economic developments than those of larger capitalization companies in general.
6. Risks of investing in derivative products
- The Fund may invest through equity linked notes and other derivative instruments, including those that are not listed or quoted on a market for up to 15% of its non-cash assets. The Fund will be exposed to the counterparty/credit risk of the issuers of these derivative products. Apart from counterparty/credit risk, risks associated with derivative products include liquidity risk, valuation risk, volatility risk and over-the-counter transaction risk. The leverage element/component of a derivative product can result in a loss significantly greater than the amount invested in the derivative product by the Fund. Exposure to derivative products may lead to a high risk of significant loss by the Fund. If an issuer of a derivative product were to become insolvent, the Fund would lose its investment up to the full value of that product.
7. Currency exchange risk
- The Fund is denominated in US dollars. Underlying investments of the Fund may be denominated in currencies other than the base currency of the Fund. The Fund’s performance may be affected unfavourably 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.
8. Performance fee risk
- The performance fee payable to the Manager may create an incentive for the Manager to make investments that are riskier or more speculative than would be the case in the absence of a performance fee.
- There is no adjustment of equalisation credit or equalisation losses on an individual unitholder basis for the calculation of the performance fee. A unitholder redeeming units may still incur performance fee in respect of the units, even though a loss in investment capital has been suffered by the redeeming unitholder.
- In addition, performance fees may be paid on unrealized gains which may never be realized by the Fund.

Manage your asset round-the-clock

Hotline

852
3896 3896

1501, 15/F, 101 King's Road,
North Point, Hong Kong

Mon - Fri (excluding public holidays)
09:00 - 18:00

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