Value Partners China Greenchip Fund Limited
  		• 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.
  		• 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.
  		• You should not make investment decision on the basis of this website alone. Please read the explanatory memorandum for details and risk factors.
  		• 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.
     
    NAV per share : HK$42.96 ( as at 1 February 2012 )
     
    Investment objectives
     
    Value Partners China Greenchip Fund Limited aims to achieve medium-term capital growth by means of
    investing in companies established in Greater China or which derive a majority of their revenue from
    business related to Greater China, whether in the form of direct investment in, or trade with, Greater
    China. This includes companies incorporated and/or listed outside Greater China.
     
    With effect from 26 March 2007, Value Partners China Greenchip Fund Limited has been converted to
    an open-ended mutual fund authorized by Hong Kong Securities and Futures Commission# and has
    voluntarily withdrawn from listing of its shares from the Stock Exchange of Hong Kong .
     
    Changes to Value Partners China Greenchip Fund Limited
     
    Effective from 25 June 2011, the dealing day of the Fund will be changed to every Wednesday. For more details, please refer to the Fund’s Notice to Unitholders dated 23 May 2011. The first dealing day of Value Partners China Greenchip Fund Limited after these changes are effected shall be 29 June 2011.
     
    Fund fact
    Fund manager Value Partners Limited
    Launch date 8 April 2002
    Minimum subscription HK$80,000
    Subscription fee Up to 5% of the issue price
    Management fee 1.5% per annum
    Performance fee^ 15% of profit (high-on-high principle)
    Redemption fee First 12 months: 5%
    Second 12 months: 3%
    After 24 months: waived
    Dealing and valuation frequency Weekly, on every Wednesday (effective from 29 June 2011)
    Fund size HK$500.31million (as at 28 December 2011)
    Bloomberg code VPCHIGC KY
    ISIN code KYG9317M1033
     
    Performance update*   (Up to 28 December 2011)
    The Fund 
    One month -2.1% 
    Year-to-date -25.0% 
    Three-year +124.0% 
    Since launch +309.5% 
     
    Annual returns*
    2011 (Year-to-date)
    -20.7%+ 
    2010
    +37.8% 
    2009
    +116.7% 
    2008
    -57.4% 
    2007
    +36.3% 
    2006
    +43.7% 
    2005
    +16.1% 
    2004
    +1.5% 
    2003
    +85.6% 
     
     + Year-to date return as at 28 December 2011.
     
     
     
    Click here for Monthly Report
    Click here for Literatures and Forms
     
     
    ^ 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).
     
    * Source: HSBC Institutional Trust Services (Asia) Limited and Bloomberg, in HK dollar, NAV to NAV, with dividend reinvested. Performance data is net of all fees.
     
    #  SFC authorization does not imply official recommendation.
     
    Please note that investment involves risks. The price of share 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.