Hong Kong Public Funds

ChinaAMC Select Greater China Technology Fund

Management fee

Class A: 1.75%(p.a.) / Class I: 1.00% (p.a.)

Inception Date

26-May-2015

Morningstar

4/5

Fund Performance – Class A HKD Units

-38.58%

YTD

-43.43%

1 Year

+7.32%

3 Year

-

5 Year

+1.03%

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:
• ChinaAMC Select Greater China Technology Fund (the “Fund”) will invest primarily in China-Related Technology Companies and in the opinion of the Manager, will likely benefit from innovations, use of new technologies or offering products and services that meet the demands of the new and evolving China economy (“China-Related Technology Companies”). The Fund may invest a small portion of its assets in fixed income securities, equities listed on stock exchanges around the world other than the Greater China, other collective investment schemes and invest directly in Mainland China securities.
• The Fund will invest in equity securities and is subject to general market risk and the prices of such securities may be volatile.
• The Fund may also invest in companies of any market capitalization including but not limited to companies with small or medium market capitalization. The stocks of companies with small or medium market capitalization may have lower liquidity and their prices are more volatile to adverse economic developments than those of larger market capitalization companies in general.
• The Fund will focus its investments on China-Related Companies and such investments will increase the Sub-Fund’s vulnerability to the economic, political or regulatory or tax developments of a single country such as China. Also, the Fund is likely to be more volatile than a fund having a more diverse portfolio of investments.
• The Fund may invest in the PRC markets, which 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, legal and regulatory risk.
• The Fund will invest in debt investments and is subject to liquidity risk, credit risk, interest rate risk, credit rating risk, valuation risk, downgrade risk and sovereign debt risk. Generally, the prices of debt securities rise when interest rates fall, whilst their prices fall when interest rates rise.
• The 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. As such, convertibles will be exposed to equity movement and greater volatility than straight bond investments. Investments in convertible bonds are subject to the same interest rate risk, credit risk, liquidity risk and prepayment risk associated with comparable straight bond investments.
• The Fund may invest the Stock Connect which may have potential retrospective effect. Where a suspension in the trading through the programme is effected, the Fund’s ability to achieve its investment objective could be negatively affected
• The Fund may invest in depositary receipts that may generate additional risks compared to a direct exposure to the underlying stocks, including the risk of non-segregation of the underlying stocks from the depositary banks’ own assets and liquidity risk. These may negatively affect the performance and/or liquidity of the Fund.
• Debt instruments with loss-absorption features are subject to the risk of being written down or converted to ordinary shares upon the occurrence of certain pre-defined trigger events, which are complex and difficult to predict and may result in a significant or total reduction in the value of such instruments.
• The Fund may invest in urban investment bonds which are typically not guaranteed by Chinese central or local governments. In the event of default , the Fund could suffer substantial loss.
• Some Classes of the Fund are denominated and settled in RMB; subscription and redemption must be made in RMB. RMB is not freely convertible and is subject to exchange controls and restrictions. There is no guarantee that the value of RMB against the investor’s base currencies (for example HKD) will not depreciate. Any depreciation of RMB could adversely affect the value of investors’ investments in the RMB classes. Under exceptional circumstances, redemption proceeds in RMB may be delayed due to exchange controls and restrictions applicable to RMB.

Product Details

Investment Objective

The Fund seeks to achieve long term capital growth by primarily (i.e. not less than 70% of its Net Asset Value) investing in China-Related Technology Companies (as defined below). To achieve the investment objective, not less than 70% of the Sub-Fund’s Net Asset Value will be invested in equities of technology companies which, in the opinion of the Manager, will likely benefit from innovations, use of new technologies or offering products and services that meet the demands of the new and evolving China economy (“China-Related Technology Companies”) with registered offices located in the Greater China area (including Mainland China, Hong Kong, Macau and Taiwan), and/or China-Related Technology Companies that do not have their registered offices in the Greater China area but either (a) carry out a predominant proportion of their business activities in Greater China or (b) are holding companies which predominantly own companies with registered offices in Greater China.

Product Overview

Class A HKD
Class A RMB
Class I HKD
Class I RMB
Asset Class Equity
Dealing Frequency Daily
Trustee BOCI-Prudential Trustee Limited
Subscription Fee Up to 5%
Redemption Fee Nil
Inception Date 16-11-2018
Minimum Subscription HKD 10,000
Minimum Redemption HKD 10,000
ISIN Code HK0000165453
Domicile Hong Kong
Base Currency HKD
Share Class Currency HKD
Custodian Bank of China (Hong Kong) Limited
Conversion Fee Up to 1%
Management Fee 1.75%(p.a.)
Distribution Policy No dividends will be paid
Minimum Holding HKD 10,000
Bloomberg Ticker CAMSEAH HK
Asset Class Equity
Dealing Frequency Daily
Trustee BOCI-Prudential Trustee Limited
Subscription Fee Up to 5%
Redemption Fee Nil
Inception Date Not launched yet
Minimum Subscription RMB 10,000
Minimum Redemption RMB 10,000
ISIN Code Nil
Domicile Hong Kong
Base Currency HKD
Share Class Currency RMB
Custodian Bank of China (Hong Kong) Limited
Conversion Fee Up to 1%
Management Fee 1.75%(p.a.)
Distribution Policy No dividends or distributions will be made by the Sub-Fund
Minimum Holding RMB 10,000
Bloomberg Ticker Nil
Asset Class Equity
Dealing Frequency Daily
Trustee BOCI-Prudential Trustee Limited
Subscription Fee Nil
Redemption Fee Nil
Inception Date 26-05-2015
Minimum Subscription HKD 5,000,000
Minimum Redemption HKD 100,000
ISIN Code HK0000165461
Domicile Hong Kong
Base Currency HKD
Share Class Currency HKD
Custodian Bank of China (Hong Kong) Limited
Conversion Fee Up to 1%
Management Fee 1%(p.a.)
Distribution Policy No dividends will be paid
Minimum Holding HKD 5,000,000
Bloomberg Ticker CAMSEIH HK
Asset Class Equity
Dealing Frequency Daily
Trustee BOCI-Prudential Trustee Limited
Subscription Fee Nil
Redemption Fee Nil
Inception Date Not launched yet
Minimum Subscription RMB 5,000,000
Minimum Redemption RMB 100,000
ISIN Code Nil
Domicile Hong Kong
Base Currency HKD
Share Class Currency RMB
Custodian Bank of China (Hong Kong) Limited
Conversion Fee Up to 1%
Management Fee 1%(p.a.)
Distribution Policy No dividends will be paid
Minimum Holding RMB 5,000,000
Bloomberg Ticker Nil

Fund Price & Performance

Fund Price

Class Currency Dealing Date NAV per unit
Class A HKD HKD 22-09-2022 9.0784
Class I HKD HKD 22-09-2022 10.1863

Since Launch Performance

Class A HKD
Class I HKD
Returns
Class A HKD
Class I HKD

Cumulative Performance

ClassClass A HKD Class I HKD
YTD-38.58%-38.27%
1 Year-43.43%-43.03%
3 Year+7.32%+9.8%
5 Year--2.43%
Since Inception+1.03%+13.31%

As of 31-08-2022

Calendar Year Performance

ClassClass A HKD Class I HKD
2016-+12%
2017-+46.94%
2018--23.28%
2019+11.87%+15.27%
2020+56.59%+56.13%
2021-0.23%+1.71%

As of 31-12-2021

Where no fund price and performance is shown for a share class means that specific share class has no investor.

With effect from 3 April 2021, the investment objective and strategy of the Fund was changed. The performance of the Fund prior to 3 April 2021 was achieved under circumstances that no longer apply. The investment strategy of the Fund was changed in 26 January 2018 and 6 December 2019 The investment objective of the fund was also changed in 1 September 2016.

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

  • Futu Securities International (Hong Kong) Limited

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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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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