Chinese Mainland Focus Fund
A sub-fund of Value Partners Intelligent Funds |
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| NAV per unit : US$32.43 ( as at 31 August 2010 ) |
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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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| 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 |
Every 15th day and the last
business day of each calendar
month |
| Fund size |
US$131.35million (as at 31 August 2010) |
| Bloomberg code |
VAPAICM KY |
| ISIN code |
KYG9317Q1120 |
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| Performance update*
(Up to 31 August 2010) |
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The Fund |
| One month |
+1.7% |
| Year-to-date |
+8.7% |
| One-year |
+35.0% |
| Three-year |
+23.8% |
| Since launch |
+174.8% |
| Annualized return |
+19.0% |
| Annualized volatility |
22.8% |
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| Annual returns* |
| 2010 (Year-to-date) |
+8.7%+ |
| 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 31 August 2010. |
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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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