PineBridge Hong Kong Equity Fund HKD

柏瑞香港股票基金 港元

HK0000073368

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.

Non-dealing Hours

Dealing Information

Secure Transaction

Derivatives knowledge not required

HKD10,000.00Min. Subscription

1.50%

HKD10,000.00Min. Subscription

HKD

HKD10,000.00Min. Subscription

HKD10,000.00

HKD10,000.00

Daily

16:30

2019-09-30

*Not include dividends (If applicable)

Fund Performances (including dividend, if any)

1 mth
+5.76%
3 mth
+1.37%
6 mth
-4.86%
1 yr
+0.77%
3 yr
+19.43%
5 yr
+7.27%

Analytical Figures (3 years)

Annualized Return
+6.10%
Annualized Volatility
+14.88%
Sharpe Ratio
+0.32

Fund Information

Fund Houses
Pinebridge Investment Asia Ltd – Hong Kong Fund
Launch Date
2000-01-02
Fund Manager
Desmond Tjiang
Manager Start Date
1/1/2011
Geographical Focus
Hong Kong
Asset Class/ Sector
Equity - Large 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 2019-09-15)
HKD 6,200,047,503
Management Fee
1.50%
Latest Dividend
N.A.

Sector Leaders

    No Funds

Dealing Information

Secure Transaction

Derivatives knowledge not required

HKD10,000.00Min. Subscription

1.50%

HKD10,000.00Min. Subscription

HKD

HKD10,000.00Min. Subscription

HKD10,000.00

HKD10,000.00

Daily

16:30

2019-09-30

Dividend Records

No Dividends

Investment Objective

The class seeks to provide capital appreciation through a managed portfolio of shares in companies listed on The Stock Exchange of Hong Kong Limited. Hong Kong is in the Manager's view well placed to prosper directly from economic activity in Asia and the economic emergence of the People's Republic of China.

Nature and Extent of Risks

Investment involves risks. Please refer to the offering document for details including the risk factors.
Equity risk
- The class principally invests in equity and equity-related securities and is thus subject to the risks generally associated with equity investment, namely, the market value of the stocks that the class invests in may go down as well as up. Factors affecting the stock values are numerous, including but not limited to changes in investment sentiment, political environment, economic environment, and the business and social conditions in local and global marketplace. Securities exchanges typically have the right to suspend or limit trading in any security traded on the relevant exchange; a suspension will render it impossible to liquidate positions and can thereby expose the class to losses.
Investment risk
- Investments are subject to the risks inherent in all securities. The value of holdings may rise as well as fall.
- All financial markets and therefore the value of the class may at times be adversely affected by changes in political,economical and social conditions and policies.
Concentration risk
- This class concentrates its investments in equity and equity-related securities of companies related to the economic development and growth of Hong Kong. A concentrated investment strategy may be subject to a greater degree of volatility and risk than a portfolio which is diversified across different geographic regions.
- As the class pursues a concentrated investment strategy, it may be subject to a greater degree of volatility and risk than a fund following a more diversified strategy.
Risk of using FDIs for hedging purposes
The use of FDIs may limit potential gains or be ineffective in hedging the risk exposure of this class and may result in significant losses. The use of FDIs may expose this class to various types of risk, including but not limited to, counterparty, liquidity, correlation, credit, volatility, valuation and settlement risks which may have an adverse effect on the net asset value of this class.
Risk associated with Stock Connect
- The relevant rules and regulations on Stock Connect are subject to change which may have potential retrospective effect. There is no certainty as to how they will be applied.
- The Stock Connect is subject to daily quota limitations which may restrict the relevant class’ ability to invest in China A Shares on a timely basis and as a result, the class’ ability to access the China A Shares market (and hence to pursue its investment strategy) will be adversely affected.
- Where a suspension in trading through Stock Connect is effected, the class’ ability to invest in China A shares or access the PRC market will be adversely affected. In such event, the class’ ability to achieve its investment objective could be negatively affected.
- 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. In the event that the relevant systems failed to function properly, trading in both Hong Kong and Shanghai or Shenzhen markets through the programme could be disrupted. The class’ ability to access the China A shares market (and hence to pursue its investment strategy) will be adversely affected.
- The PRC regulations impose certain restrictions on selling and buying. Hence the relevant class may not be able to dispose of holdings of China A Shares in a timely manner.
- Due to the differences in trading days, the relevant class may be subject to a risk of price fluctuations in China A Shares on a day that the PRC market is open for trading but the Hong Kong market is close.
- A stock may be recalled from the scope of eligible stocks for trading via Stock Connect. This may affect the investment portfolio or strategies of the class.
- Trading in securities through Stock Connect may be subject to clearing settlement and custody risk. Should the remote event of the PRC clearing house defaults on its obligation to deliver securities or make payment, the class may suffer delay in recovering process or may not be able to fully recover its losses.
- The class’ investments through Stock Connect are not covered by investor compensation available under the Hong Kong’s Investor Compensation Fund and China Securities Investor Protection Fund.
Risk associated with the Small and Medium Enterprise Board and/or ChiNext Market
The class may invest in the Small and Medium Enterprise (“SME”) board and/or the ChiNext market of the Shenzhen Stock Exchange via the Shenzhen-Hong Kong Stock Connect. Investments in the SME board and/or ChiNext market may result in significant losses for the class and its investor. Such investments are subject to the following risks:
- Higher fluctuation on stock prices: Listed companies on the SME board and/or ChiNext market 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 rations than companies listed on the main board.
- Over-valuation risk: Stock listed on the 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 regulations: The rules and regulations regarding companies listed on ChiNext market 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 market to delist. This may have an adverse impact on the class if the companies that the class invests in are delisted.

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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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