Horizon China Opportunities Fund

An actively managed equity fund seeking to deliver long-term capital growth from the dynamic and evolving Chinese economy

ISIN
LU0327786827

NAV
USD 25.79
As of 2020/10/21

1-Day Change
USD 0.21 (0.82%)
As of 2020/10/21

Key investment risks:
• The Fund invests at least 80% in equities or equity related instruments of (i) companies having their registered office in China and Hong Kong; (ii) companies that do not have their registered office in China and Hong Kong but do most of their business, either directly or through subsidiaries, in China and Hong Kong. The Fund may invest in China A-Shares,

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directly through eligible exchanges or indirectly through derivative instruments.
• Investments involve varying degree of investment risks (e.g. liquidity, market, economic, political, regulatory, 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, short position 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 China and Hong Kong and may subject to higher concentration risk.
• 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 Fund may invest in emerging markets which may involve increased risks. These investments may be less liquid and more volatile.
• 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 80% of its assets in a concentrated portfolio of shares (equities) and equity-related securities of companies, of any size, in any industry, in China or Hong Kong. Companies will have their registered office in or do most of their business (directly or through subsidiaries) in this region. The Fund may invest in derivatives (complex financial instruments) and also up to 50% of its assets in China A Shares.

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ABOUT THIS FUND

  • A combination of long – and to a lesser extent, short – positioning provides diversified exposure to Hong Kong and Chinese shares
  • Fundamental research is channelled through a robust, proven investment process focused on stock-specific analysis
  • Political, economic, social, and technological forces are opening up new investment opportunities as China matures and, with combined experience of more than 30 years, the team is well placed to exploit them

PORTFOLIO MANAGEMENT

May Ling Wee, CFA

Portfolio Manager

Industry since 1997. Joined Firm in 2015.

Performance

Discrete Performance (%)
As of 2020/09/30
A1 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
28.25% -7.92% 1.17% 26.11% 21.92%
Cumulative Performance (%)
As of 2020/09/30
A1 USD (Net)
 
  Cumulative
  1MO 3MO 6MO YTD 1YR 3YR 5YR Since Inception
2008/01/25
A1 USD -3.43% 12.71% 33.13% 14.03% 28.25% 19.48% 83.71% 146.35%
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)
1.92%

Portfolio

Top Holdings (As of 2020/09/30)
% of Fund
Alibaba Group 10.38
Tencent 9.40
AIA Group 5.64
Ping An Insurance Group Co of China 4.19
Hong Kong Exchanges & Clearing 3.76
JD.com 3.67
Midea Group 3.67
Meituan Dianping 3.62
LONGi Green Energy Technology 3.31
Longfor Group 3.15

Documents

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