New Capital Asia Pacific Equity Income Fund Ord Acc USD

創凱亞太股票入息基金 Ord類 Acc 美元

IE00BG6MV421

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

1.50%

HKD4,000.00Min. Subscription

USD

HKD4,000.00Min. Subscription

HKD4,000.00

HKD4,000.00

Daily

16:30

-

*Not include dividends (If applicable)

Fund Performances (including dividend, if any)

1 mth
+2.14%
3 mth
+8.00%
6 mth
+5.01%
1 yr
+12.35%
3 yr
+26.80%
5 yr
+11.80%

Analytical Figures (3 years)

Annualized Return
+8.24%
Annualized Volatility
+11.68%
Sharpe Ratio
+0.49

Fund Information

Fund Houses
New Capital UCITS Fund Plc (EFG Asset Management (UK) Ltd)
Launch Date
2011-01-13
Fund Manager
Tony Jordan
Manager Start Date
1/14/2011 12:00:00 AM
Geographical Focus
Asia Pacific
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 2019-11-13)
USD 44,830,387.02
Management Fee
1.50%
Latest Dividend
N.A.

Sector Leaders

    No Funds

Dealing Information

Secure Transaction

Derivatives knowledge not required

HKD4,000.00Min. Subscription

1.50%

HKD4,000.00Min. Subscription

USD

HKD4,000.00Min. Subscription

HKD4,000.00

HKD4,000.00

Daily

16:30

-

Dividend Records

No Dividends

Investment Objective

The Sub-Fund's investment objective is to achieve a high level of income relative to the MSCI AC Asia Pacific Ex-Japan Index as well as capital appreciation by investing in securities in countries in the Asia Pacific, excluding Japan (the "Asia Pacific Region").

Nature and Extent of Risks

Investment involves risks. Please refer to the offering document for details including the risk factors.
1. Investment Risk
The investment objective of the Sub-Fund may not be achieved. There is no guarantee that investors will receive their original principal investment back. There is also no guarantee of dividend or distribution payment.
2. Investing in Equity Securities
The fundamental risk associated with any equity portfolio is the risk that the value of the investments it holds might decrease in value. Equity security values may fluctuate in response to the activities of an individual company or in response to general market and/or economic conditions. The value of, and income derived from, equity securities held may fluctuate and the Sub-Fund may not recoup the original amount invested in such securities. The prices of, and the income generated by, equity securities may decline in response to certain events, including the activities and results of the issuer, general economic and market conditions, regional or global economic instability and currency and interest rate fluctuations, which may have an adverse impact on the NAV of the Sub-Fund.
3. Emerging Markets Risk
The Sub-Fund may invest in securities of companies in emerging markets which may involve a high degree of risk and may be considered speculative. Risks include but are not limited to the following: (i) greater risk of expropriation, confiscatory taxation, nationalization, privatization, corruption, organized crime and social and political and economic instability; (ii) the small current size of the markets for securities of emerging markets issuers and the currently low or non-existent volume of trading, resulting in lack of liquidity and in price volatility; (iii) certain national policies which may restrict the Sub-Fund's investment opportunities including restrictions on investing in issuers or industries deemed sensitive to relevant national interests; (iv) uncertainties in international political developments, changes in government policies, changes in taxation, restrictions on foreign investment and currency repatriation, currency fluctuation and other developments in the laws and regulations of countries in which investments may be made; (v) it may not be possible for the Sub-Fund to repatriate capital, dividends, interest and other income from certain countries; (v) lack of independence and effective government supervision of company registrars; (vi) the absence of developed legal structures governing private or foreign investment and private property; and (vii) the legal infrastructure and accounting, auditing and reporting standards in certain countries in which investment may be made may not provide the same degree of investor protection or information to investors as would generally apply in major securities markets. The Sub-Fund’s NAV and your investment may be correspondingly impacted by any of the abovementioned risks and lead to losses.
4. Risks of Investing in Companies Located in Mainland China
The Sub-Fund may invest in companies located in Mainland China by investing in their shares which are listed on stock exchanges globally. Investments in such companies involve certain risks and special considerations not typically associated with investment in more developed economies or markets, such as greater political tax, economic, foreign exchange, liquidity and regulatory risk. The Mainland Chinese government exercises significant control over Mainland China’s economy through the allocation of resources, by controlling payment of foreign currency-denominated obligations, by setting monetary policy and by providing preferential treatment to particular industries or companies. As the Sub-Fund may invest in companies exposed to these risks, changes in the Mainland Chinese government’s policies may have an adverse effect on the value of the Sub-Fund.
Companies located in Mainland China are required to follow Mainland Chinese accounting and auditing standards and practices, which only follow international accounting standards to a certain extent. In addition, the accounting, auditing and financial reporting standards and practices applicable to companies located in Mainland China may be less rigorous, and there may be significant differences between financial statements prepared in accordance with Mainland Chinese accounting standards and practices and those prepared according with international accounting standards. Consequently, investors may not be provided the same degree of protection or information as would generally be available in developed countries and the Sub-Fund may be exposed to significant losses.
5. Currency Risk
Assets in the Sub-Fund may be denominated in a currency other than the base currency (i.e. USD) and any income or capital received by the Sub-Fund from these investments may be denominated in the local currency denomination of the relevant asset, whereas the Sub-Fund is denominated in the base currency.
Further, a class of Shares may be designated in a currency other than the base currency of the Sub-Fund. Accordingly, (i) changes in the exchange rate between (a) the base currency and the currency denomination of the relevant asset and (b) the currency denomination of the relevant asset and the currency in which a class of Shares is denominated (i.e share class currency) may lead to a depreciation of the value of certain assets of the Sub-Fund; and (ii) changes in the exchange rate between the base currency and (a) the share class currency and / or (b) the currency of denomination of the relevant asset may lead to a depreciation of the value of such Shares as expressed in the share class currency.
It may not be possible or practical to hedge against such exchange rate risk. The Sub-Fund may enter into currency exchange transactions and/or use techniques and instruments to seek to protect against fluctuation in the relative value of its portfolio positions. Further, investors should note that all classes of Shares designated in a currency that is not the base currency are hedged classes (i.e. their exposure to the base currency is hedged) except where indicated in the name of the relevant class by use of the description "Unhedged". These transactions limit any potential gain that might be realised should the value of the hedged currency increase. The successful execution of a hedged strategy which matches exactly the profile of the investments of the Sub-Fund cannot be assured. It may not be possible to hedge against generally anticipated exchange or interest rate fluctuations at a price sufficient to protect the assets from the anticipated decline in value of the portfolio positions as a result of such fluctuations. The abovementioned hedging transactions may become ineffective and the Sub-Fund may suffer a substantial loss.
6. Risk in connection with Investing in Convertible Bonds
The Sub-Fund may invest in convertible bonds, which are a hybrid between debt and equity, permitting holders to convert into Shares in the company issuing the bond at a specified future date. On one hand, convertible bonds are subject to interest rate risk and credit risks. On the other hand, the prices of convertible bonds will be affected by the changes in the price of the underlying equity securities which, in turn, may have an unfavourable impact on the NAV of the Sub-Fund. Further, convertible bonds may have call provisions and other features which may give rise to the risk of a call which may adversely affect the value of the Sub-Fund.
7. Concentration Risk
Concentration risk may arise as the Sub-Fund focuses on investments in the securities of particular regions (i.e. the Asia Pacific Region) or asset class. Although the Sub-Fund’s portfolio will be well diversified in terms of the number of holdings, the Sub-Fund is likely to be more volatile than a more broad-based fund, as it is more susceptible to fluctuations in value resulting from adverse conditions in its particular focus region. In case of default or downgrading of an issuer to which the Sub-Fund has significant exposure, the Sub-Fund may be subject to significant losses in its investments.
8. Derivatives Risk
The use of financial derivative instruments presents risks different from, and, possibly, greater than, the risks associated with investing directly in traditional securities. There can be no assurance that the use of hedging strategies and derivatives will fully and effectively eliminate the risk exposure of the Sub-Fund. The use of financial derivative instruments and currency hedging strategies may be ineffective and the Sub-Fund may suffer substantial losses.
9. Risks associated with charging of certain fees and expenses to capital
Payment of dividends effectively out of capital amounts to a return or withdrawal of part of an investor's original investment or from any capital gains attributable to that original investment. Any payment of dividends effectively out of the Sub-Fund's capital may result in an immediate reduction of the NAV per Share. The Fund may amend the policy with respect to payment of dividends out of capital of the Sub-Fund subject to the SFC's prior approval and by giving not less than one month's prior notice to investors.

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