Hong Kong Public Funds

ChinaAMC China Focus Fund

Management fee

1.80% (p.a.)

Inception Date

13-Dec-2010

Morningstar

/5

Fund Performance - USD Units

-20.77%

YTD

-32.07%

1 Year

+6.37%

3 Year

-7.32%

5 Year

+23.2%

Since Inception

As of 31-08-2022

Investment involves risks, including the loss of principal. The price of units or shares of the Funds may go up as well as down. Past performance is not indicative of future results. The value of the Funds can be extremely volatile and could go down substantially within a short period of time. You should read the Fund’s Placing Memorandum or Explanatory Memorandum and Product Key Facts Statement for details, including risk factors. Investors should not base investment decisions on this marketing material alone. Please note:
• The Fund seeks to take investment exposure to companies in or have significant business exposure to China. Investment in China-related companies and in Chinese markets may involve (i) heightened political, tax, economic, foreign exchange, liquidity and regulatory (including the QFII policy) risks, compared to more developed economies or markets; and (ii) concentration risk which may result in greater volatility than broad-based investments. The China A Share market is also unstable, subject to risks of stock suspension, government intervention and foreign investment restrictions.
• The Fund will obtain exposure to the A Share market, partly or fully by investing into access products and will be exposed to the counterparty risk of the issuer of the access products. The availability of access products is limited by applicable regulations in China, and as a result the cost of investment is subject to market supply and demand forces. Where the supply is low relative to the demand, acquiring access products may involve a higher cost or a premium.
• The Fund is subject to risks associated with the Stock Connect, such as change of relevant rules and regulations, quota limitations, suspension of the Stock Connect and information technology limitation. In the event that the Fund’s ability to invest in A Shares through the Stock Connect on a timely basis is adversely affected, the Manager will rely on A Share access products investment.
• The Fund will invest in A Share ETFs and is subject to the fees and charges and the risk of tracking errors of the relevant A Share ETFs. If the Fund invests in synthetic ETFs, it will also subject to risks related to derivative instruments.
• There are risks and uncertainties associated with the current PRC tax laws, regulations and practices in respect of capital gains (which may have retrospective effect). Possible changes on the actual applicable tax rates imposed by the SAT and possible expiration of the current exemption of corporate income tax on capital gains may increase the Fund’s tax liability and adversely affect the Fund’s NAV.
• The Fund will hold investments denominated in currencies different to the base currency of the Fund, meaning the Fund will be at risk to adverse movements in the foreign currency rates.

Product Details

Investment Objective

The Fund seeks to provide investors with long term capital growth through exposure to China-related companies by investing in equities and equity related instruments.

Product Overview

Class AUD
Class EUR
Class GBP
Class HKD
Class SGD
Class USD
Asset Class Equity
Dealing Frequency Daily
Trustee Cititrust Limited
Subscription Fee Up to 5%
Switching Fee Up to 2%
Performance fee 10% of appreciation in the net asset valueper unit during a performance period above the high watermark of the relevant class of units.
Minimum Subscription AUD 1,000
ISIN Code HK0000352911
Domicile Hong Kong
Base Currency USD
Inception Date 13-12-2010
Custodian Citibank, N.A.(Hong Kong branch)
Redemption Fee Nil
Management Fee 1.8% (p.a.)
Distribution Policy Nil
Minimum Redemption Nil
Bloomberg Ticker CACFAUD HK
Asset Class Equity
Dealing Frequency Daily
Trustee Cititrust Limited
Subscription Fee Up to 5%
Switching Fee Up to 2%
Performance fee 10% of appreciation in the net asset valueper unit during a performance period above the high watermark of the relevant class of units.
Minimum Subscription EUR 1,000
ISIN Code HK0000352929
Domicile Hong Kong
Base Currency USD
Inception Date 13-12-2010
Custodian Citibank, N.A.(Hong Kong branch)
Redemption Fee Nil
Management Fee 1.8% (p.a.)
Distribution Policy Nil
Minimum Redemption Nil
Bloomberg Ticker CACFEUR HK
Asset Class Equity
Dealing Frequency Daily
Trustee Cititrust Limited
Subscription Fee Up to 5%
Switching Fee Up to 2%
Performance fee 10% of appreciation in the net asset valueper unit during a performance period above the high watermark of the relevant class of units.
Minimum Subscription GBP 1,000
ISIN Code HK0000352937
Domicile Hong Kong
Base Currency USD
Inception Date 13-12-2010
Custodian Citibank, N.A.(Hong Kong branch)
Redemption Fee Nil
Management Fee 1.8% (p.a.)
Distribution Policy Nil
Minimum Redemption Nil
Bloomberg Ticker CACFGBP HK
Asset Class Equity
Dealing Frequency Daily
Trustee Cititrust Limited
Subscription Fee Up to 5%
Switching Fee Up to 2%
Performance fee 10% of appreciation in the net asset valueper unit during a performance period above the high watermark of the relevant class of units.
Minimum Subscription HKD 1,000
ISIN Code HK0000352945
Domicile Hong Kong
Base Currency USD
Inception Date 13-12-2010
Custodian Citibank, N.A.(Hong Kong branch)
Redemption Fee Nil
Management Fee 1.8% (p.a.)
Distribution Policy Nil
Minimum Redemption Nil
Bloomberg Ticker CACFHKD HK
Asset Class Equity
Dealing Frequency Daily
Trustee Cititrust Limited
Subscription Fee Up to 5%
Switching Fee Up to 2%
Performance fee 10% of appreciation in the net asset valueper unit during a performance period above the high watermark of the relevant class of units.
Minimum Subscription SGD 1,000
ISIN Code HK0000352952
Domicile Hong Kong
Base Currency USD
Inception Date 13-12-2010
Custodian Citibank, N.A.(Hong Kong branch)
Redemption Fee Nil
Management Fee 1.8% (p.a.)
Distribution Policy Nil
Minimum Redemption Nil
Bloomberg Ticker CACFSGD HK
Asset Class Equity
Dealing Frequency Daily
Trustee Cititrust Limited
Subscription Fee Up to 5%
Switching Fee Up to 2%
Performance fee 10% of appreciation in the net asset valueper unit during a performance period above the high watermark of the relevant class of units.
Minimum Subscription USD 1,000
ISIN Code HK0000352960
Domicile Hong Kong
Base Currency USD
Inception Date 13-12-2010
Custodian Citibank, N.A. (Hong Kong branch)
Redemption Fee Nil
Management Fee 1.8% (p.a.)
Distribution Policy Nil
Minimum Redemption Nil
Bloomberg Ticker CACFUSD HK

Fund Price & Performance

Fund Price

Class Currency Dealing Date NAV per unit
Class USD USD 22-09-2022 11.1520
Class AUD AUD 22-09-2022 15.4590
Class EUR EUR 22-09-2022 15.3130
Class GBP GBP 31-08-2017 9.1600
Class HKD HKD 22-09-2022 11.5020
Class SGD SGD 22-09-2022 12.4060

Since Launch Performance

Class USD
Class AUD
Class EUR
Class GBP
Class HKD
Class SGD
Returns
Class USD
Class AUD
Class EUR
Class GBP
Class HKD
Class SGD

Cumulative Performance

ClassClass USD Class AUD Class EUR Class GBP Class HKD Class SGD
YTD-20.77%-15.95%-10.39%--20.23%-18%
1 Year-32.07%-26.91%-19.8%--31.16%-29.09%
3 Year+6.37%+6.16%+18.46%-+7.89%+8.94%
5 Year-7.32%+9.04%+11.65%--5.75%-2.8%
Since Inception+23.2%+65.19%+65.14%-+27.06%+34.67%

As of 31-08-2022

Calendar Year Performance

ClassClass USD Class AUD Class EUR Class GBP Class HKD Class SGD
2011-11.57%-11.66%-8.79%--11.59%-10.56%
2012+15.83%+14.81%+14.05%-+15.64%+9.54%
2013+19.12%+30.43%+14.91%-+19.33%+23.29%
2014+8.67%+17.62%+22.21%-+8.74%+13.57%
2015-12.37%-3.55%-1.84%--12.03%-5.79%
2016-11.45%-11.03%-8.8%--11.41%-9.83%
2017+43.61%+32.89%+26.24%-+44.8%+32.88%
2018-24.9%-16.42%-21.02%--24.68%-23.3%
2019+15.77%+16.49%+18.13%-+15.14%+14.51%
2020+27.57%+15.67%+17.18%-+27.25%+25.35%
2021-6.11%+1.17%+2.38%--4.58%-2.71%

As of 31-12-2021

Since 28 July 2017, the Manager of the Fund changed from Citigroup First Investment Management Limited to China Asset Management (Hong Kong) Limited and the Trustee of the Fund changed from Cititrust (Cayman) Limited to Cititrust Limited. The performance of the Fund prior 28 July 2017 was achieved under circumstances that no longer apply.

Investment involves risks. Past performance information is not indicative of future performance. Investors may not get back the full amount invested. The computation basis of the performance is based on the calendar year end, NAV-to-NAV, with dividend reinvested. These figures show by how much the Fund increased or decreased in value during the calendar year being shown. Performance data has been calculated in the base currency of the share class (or the ETF), including ongoing charges and excluding subscription and redemption fees and trading costs on SEHK (if applicable). Where no past performance is shown there was insufficient data available in that year to provide performance. Please refer to the Fund Overview section for the inception date of the share class (or the listing date of the ETF).

Distribution History

There is currently no information available.

Distributors

  • China Minsheng Banking Corporation Limited, Hong Kong Branch
  • Bank of China Limited – Macau Branch
  • Yunfeng Securities Limited
  • Sun Hung Kai Investment Services Limited
  • Citibank (Hong Kong) Limited
  • Fubon Bank (Hong Kong) Limited

Prospectus & Documents

Announcements & Notices

Investing involves risk, including possible loss of principal. Investment in emerging market countries may involve heightened risks such as increased volatility and lower trading volume, and may be subject to a greater risk of loss than investment in a developed country. Please carefully consider the Fund’s investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the relevant Fund’s prospectus. Please read the prospectus carefully before investing. ChinaAMC Funds are not sponsored, endorsed, issued, sold or promoted by their index providers (only applicable to ETFs and index funds). For details of an index provider including any disclaimer, please refer to the relevant ChinaAMC Fund offering documents.

Source: Fund performance and index data are provided by ChinaAMC and the relevant index providers (if applicable) respectively.

This website is prepared by China Asset Management (Hong Kong) Limited and has not been reviewed by the Securities and Futures Commission.

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重要提示:

Private Funds

ChinaAMC(HK) is uniquely positioned in the market which enables it to leverage its extensive knowledge, research capabilities and investment experience in China to deliver a range of high-value asset management or investment advisory services to institutional clients worldwide. To bridge overseas investors with China opportunities, ChinaAMC (HK) is committed to utilize its local expertise to capture enormous investment potentials in China.

The private fund products issued and managed by ChinaAMC (HK) include Cayman Islands registered funds and Luxembourg domiciled SICAV funds*.

Browse through our website and discover our investment strategies. For private fund products information, please visit the product page by logging into your account.

* SICAV fund is an open-ended collective investment scheme common in Western Europe and may be open to public investors in certain European countries depending on its registration status.

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