| Value Partners High-Dividend Stocks Fund |
 |
 |
 |
|
|
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 unit : US$54.85 ( as at 2 February 2012 ) |
| |
| Investment objectives |
| |
Value Partners High-Dividend Stocks Fund aims to provide capital appreciation and regular income by
investing in relatively high yielding debt and equity securities in Asian region. |
| |
| Changes to Value Partners High-Dividend Stocks Fund |
| |
| 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 Value Partners High-Dividend Stocks Fund after these changes are effected shall be 27 June 2011. |
| |
| Fund fact |
| Fund manager |
Value Partners Limited |
| Launch date |
2 September 2002 |
| Minimum subscription |
US$10,000 |
| Subscription fee |
Up to 5% of the issue price |
| Management fee |
1.25% per annum |
| Redemption fee |
Nil |
| Performance fee^ |
15% of profit (high-on-high
principle) |
| Dealing and valuation
frequency |
Daily (Hong Kong business days) |
| Fund size |
US$546.90million (as at 30 December 2011) |
| Bloomberg code |
VALASHY KY |
| ISIN code |
KYG931731056 |
|
| |
| Performance updates*
(Up to 30 December 2011)
|
| |
The Fund |
| One month |
+0.2% |
| Year-to-date |
-11.9% |
| One-year |
-11.9% |
| Three-year |
+102.8% |
| Since launch |
+403.9% |
| Annualized return |
+18.9% |
| Annualized volatility |
21.0% |
|
| |
| Annual returns* |
| 2011 (Year-to-date) |
-7.7%+ |
| 2010 |
+25.8% |
| 2009 |
+82.8% |
| 2008 |
-46.8% |
| 2007 |
+44.2% |
| 2006 |
+35.0% |
| 2005 |
+11.0% |
| 2004 |
+8.9% |
| 2003 |
+79.7% |
|
| |
| + |
Year-to-date return as at 30 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 US dollar, NAV to NAV.
Performance data is net of all fees. |
|
| |
| SFC authorization does not imply official recommendation. |
| |
| 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. |
| |
| |
| |
