Chinese Mainland Focus Fund
A sub-fund of Value Partners Intelligent Funds |
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Please pay particular attention to the risk of investment in China and other markets in the Asian region and in companies with medium or small capitalization. The value of the fund(s) can be extremely volatile and could go down substantially within a short period of time. It is possible that the entire value of your investment could be lost. |
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The fund may also invest in derivatives which can involve material risks, e.g. counterparty default risk, insolvency or liquidity risk, and may expose the fund to significant losses. |
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You should not make investment decision on the basis of this website alone. Please read the explanatory memorandum for details and risk factors. |
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You should not invest unless the intermediary who sells it to you has advised you that the product is suitable for you and explained how it is consistent with your investment objectives. |
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| NAV per unit : US$32.91 ( as at 2 February 2012 ) |
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| Investment objectives |
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Chinese Mainland Focus Fund aims to achieve medium to long term capital appreciation primarily
through investments related to Mainland China and investments whose value the Manager believes
would be boosted by the appreciation of the renminbi, the currency of the People's Repubic of China.
The fund may also hold investments whose value the Manager believes would increase even if the
renminbi exchange rate were to remain unchanged. |
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| Changes to Chinese Mainland Focus Fund |
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| Effective from 25 June 2011, the dealing day of the Fund will be changed to every Hong Kong business day. For more details, please refer to the Fund’s Notice to Unitholders dated 25 May 2011. The first dealing day of Chinese Mainland Focus Fund after these changes are effected shall be 27 June 2011. |
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| Fund fact |
| Fund manager |
Value Partners Limited |
| Launch date |
27 November 2003 |
| Minimum subscription |
US$10,000 |
| Subscription fee |
Up to 5% of the issue price |
| Management fee |
1.25% per annum |
| Performance fee^ |
15% of profit (high-on-high
principle) |
| Redemption fee |
First 12 months: 2%
Second 12 months: 1%
After 24 months: waived |
| Dealing and valuation
frequency |
Daily (Hong Kong business days)
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| Fund size |
US$128.52million (as at 30 December 2011) |
| Bloomberg code |
VAPAICM KY |
| ISIN code |
KYG9317Q1120 |
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| Performance update*
(Up to 30 December 2011) |
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The Fund |
| One month |
+0.6% |
| Year-to-date |
-17.8% |
| One-year |
-17.8% |
| Three-year |
+89.5% |
| Since launch |
+204.0% |
| Annualized return |
+14.7% |
| Annualized volatility |
23.6% |
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| Annual returns* |
| 2011 (Year-to-date) |
-11.4%+ |
| 2010 |
+23.9% |
| 2009 |
+86.0% |
| 2008 |
-44.8% |
| 2007 |
+56.0% |
| 2006 |
+48.1% |
| 2005 |
+11.6% |
| 2004 |
+8.4% |
| 2003 |
+3.9% |
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Year-to-date return as at 30 December 2011. |
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 Click here for Monthly Report |
| Click here for Literatures and Forms |
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Source: HSBC Institutional Trust Services (Asia) Limited and Bloomberg, in US dollar, NAV to NAV, with dividend reinvested.
Performance data is net of all fees. |
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Performance fee will only be charged if the NAV at the end of the financial year exceeds the "high watermark", which is the
all-time year-end high of the fund's NAV. If in any one year, the fund suffers a loss, no performance fee can be charged in
subsequent years until the loss is recovered fully (the high-on-high principle). |
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| SFC authorization does not imply official recommendation. |
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| Please note that investment involves risks. The unit price of the Funds may go down as well as up and the past performance of
the Funds does not indicate future return. Investors should refer to the explanatory memorandum of the Funds for further
details and the risk factors in particular those involved in investing in emerging markets prior to the subscription of the units of
the Fund. |
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