For investors in Hong Kong

Horizon Asian Growth Fund

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

ISIN
LU0622223799

NAV
EUR 177.86
As of 2023/03/31

1-Day Change
EUR 1.44 (0.82%)
As of 2023/03/31

Key investment risks:

  • The Fund's investments in equities are subject to equity securities risk due to fluctuation of securities values.
  • Investments in the Fund involve general investment, currency, liquidity, hedging, market, economic, political, regulatory, taxation, securities lending related, reverse repurchase transactions related, financial and interest rate risks.

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  • In extreme market conditions, you may lose your entire investment.
  • The Fund may invest in financial derivatives instruments to reduce risk and to manage the Fund more efficiently. This may involve counterparty, liquidity, leverage, volatility, valuation and over-the-counter transaction risks and the Fund may suffer significant losses.
  • The Fund's investments are concentrated in Asia Pacific (excluding Japan) and may be more volatile.
  • The Fund may invest in emerging markets, China A-Shares/ China A-Share access products and may be more volatile, subject to risks of investing in China securities and the Stock Connect Programs.
  • The Fund may charge performance fees. An investor may be subject to such fee even if there is a loss in investment capital.
  • 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

Daniel J. Graña, CFA

Portfolio Manager, Emerging Market Equity

Industry since 1995. Joined Firm in 2019.

Matthew Culley

Portfolio Manager | Research Analyst

Industry since 2008. Joined Firm in 2019.

Performance

Discrete Performance (%)
As of 2022/12/31
A2 EUR
 
Quarter End
As of 2022/12/31
Dec-2021 - Dec-2022 Dec-2020 - Dec-2021 Dec-2019 - Dec-2020 Dec-2018 - Dec-2019 Dec-2017 - Dec-2018
A2 EUR -18.98 -2.98 15.07 22.78 -11.20
Cumulative Performance (%)
As of 2023/02/28
A2 EUR
 
  Cumulative
  1MO 3MO 6MO YTD 1YR 3YR 5YR Since Inception
2011/07/01
A2 EUR -4.70 -0.97 -8.58 2.93 -11.20 -1.71 2.21 77.41
Calendar Year Returns (%)
As of 2022/12/31
A2 EUR
2022 2021 2020 2019 2018
A2 EUR -18.98 -2.98 15.07 22.78 -11.20
Calendar Year Returns (%)
Year A2 EUR Index
2022 -18.98 -12.07
2021 -2.98 4.48
2020 15.07 12.33
2019 22.78 21.35
2018 -11.20 -9.58
2017 22.69 21.35
2016 6.45 8.60
2015 2.11 1.42
2014 17.92 19.69
2013 3.87 -1.13
2012 21.81 20.82
2011 from 01/07/2011 -12.17 -9.22
FEE INFORMATION
Initial Charge 5.00%
Annual Charge 1.20%
Ongoing Charge
(As of 2022/06/30)
1.97%
Performance Fee 10% of the 'Relevant Amount'
Hurdle Rate MSCI AC Asia Pacific ex Japan Index

Portfolio

Top Holdings (As of 2023/02/28)
% of Fund
Taiwan Semiconductor Manufacturing 8.01
Samsung Electronics 5.85
Tencent 4.06
Alibaba Group 3.32
CSL 3.18
AIA Group 2.96
BHP Group 2.83
New Horizon Health 2.71
National Australia Bank 2.68
Housing Development Finance 2.57

Documents