Horizon Asian Growth Fund

An actively managed Asian equities fund, driven by fundamental research, that blends quality and growth opportunities

ISIN
LU0011890851

NAV
USD 141.61
As of 2020/10/21

1-Day Change
USD 1.16 (0.83%)
As of 2020/10/21

Key investment risks:
• The Fund invests at least two-thirds in equity or equity-related instruments in Asian markets, excluding Japan. The Fund may invest in China A-Shares, directly through eligible exchanges or indirectly through derivative instruments.
• Investments involve varying degree of investment risks (e.g. liquidity, market, economic, political, regulatory,

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taxation, financial, interest rate, hedging and currency risks). In extreme market conditions, you may lose your entire investment.
• Investments in financial derivatives instruments (“FDIs”) (such as futures, options, forwards and warrants) involve specific risks (e.g. counterparty, liquidity, leverage, volatility, valuation and over-the-counter transaction risk). The Fund may use FDIs to reduce risk and to manage the Fund more efficiently.
• The Fund's investments are concentrated in Asia Pacific (excluding Japan) and may subject to higher concentration risk.
• The Fund may invest in emerging markets which may involve increased risks. These investments may be less liquid and more volatile.
• The Fund may invest in China securities i.e. China A-Shares and China A-Shares access products, and may be exposed to currency, political, taxation and market risks.
• The investment decision is yours. If you are in any doubt about the contents of this document, you should seek independent professional financial advice.
• Investors should not only base on this document alone to make investment decisions and should read the offering documents including the risk factors for further details.

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Overview

INVESTMENT OBJECTIVE

The Fund aims to provide capital growth over the long term.

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The Fund invests at least two-thirds of its assets in a concentrated portfolio of shares (equities) and equity-related securities of companies, of any size, in any industry, in the Asia Pacific region (including the Indian subcontinent and Australasia, but excluding Japan).

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ABOUT THIS FUND

  • The Asia Growth Fund seeks to identify quality and capture growth in the dynamic and fast-growing Asian region
  • Provides a high-conviction, active stock-picking portfolio without significant constraints at sector levels
  • Seeks to generate competitive returns through different market conditions with an investment process driven by fundemental stock selection

PORTFOLIO MANAGEMENT

Andrew Gillan

Head of Asia ex Japan Equities | Portfolio Manager

Industry since 2000. Joined Firm in 2014.

Mervyn Koh, CFA

Portfolio Manager

Industry since 2006. Joined Firm in 2015.

Performance

Discrete Performance (%)
As of 2020/09/30
A2 Acc USD
 
Quarter End
As of 2020/09/30
Sep-2019 - Sep-2020 Sep-2018 - Sep-2019 Sep-2017 - Sep-2018 Sep-2016 - Sep-2017 Sep-2015 - Sep-2016
13.79% -1.06% 2.36% 19.43% 18.23%
Cumulative Performance (%)
As of 2020/09/30
A2 Acc USD (Net)
 
  Cumulative
  1MO 3MO 6MO YTD 1YR 3YR 5YR Since Inception
1985/07/31
A2 Acc USD -0.86% 12.55% 31.96% 4.99% 13.79% 15.23% 62.70% 2,581.58%
ANNUAL FEES & EXPENSES (As of Fiscal Year End, 2019/12/31)
Initial Charge 5.00%
Annual Charge 1.20%
Ongoing Charge
(As of 2019/12/31)
2.00%
Performance Fee 10% of the 'Relevant Amount'

Portfolio

Top Holdings (As of 2020/09/30)
% of Fund
Alibaba Group 10.05
Tencent 8.68
Taiwan Semiconductor Manufacturing 7.82
Samsung Electronics 6.71
AIA Group 4.08
HDFC Bank 3.56
Housing Development Finance 3.16
New Oriental Education & Technology Group 3.11
Midea Group 3.06
Uni-President Enterprises 2.87

Documents

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