Ranked high in its own category in the past 2 years1
Domestic consumption, new energy application, tactically positions in sector rotation
Annualized dividend yield as of December2
RMB hedge 6.8%
“First-in-first-out”: China was the first country to recover from the pandemic
1. Domestic consumption
Apart from equity markets, the Fund also invests in onshore and offshore bond markets which are rapidly growing in China to diversify the portfolio risk. We prefer China property names in the bond sector. Last year, the cumulative sales of commercial properties in China surged to 14.1 trillion yuan, up 7% year-on-year. The new funding rules implemented by China government are expected to deleverage property developers and pave the way for a more steady development of the industry in longer term.
The Fund frequently adjusts the mix of China A-shares, Hong Kong equities, American Depository Receipts (ADR), onshore and offshore bonds and cash through dynamic allocation in response to market movement. It aims to capture the investment opportunities across markets and maximize the return of the overall portfolio.
A China mixed-asset fund with investment in Hong Kong stocks, A-shares, ADRs, and Chinese bonds
Uses integrated channels, including the Shanghai and Shenzhen Stock Connects (northbound) and Bond Connect, to access China onshore securities
Aims to provide a monthly dividend (dividend is not guaranteed and distributions may be paid out of income and/or capital)*
Multiple currencies available (USD, HKD, AUD, and RMB)
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