| Value Partners Taiwan Fund |
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| NAV per unit : US$10.32 ( as at 1 September 2010 ) |
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| Investment objectives |
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Value Partners Taiwan Fund aims to achieve long-term capital growth. It invests primarily in companies listed
on the Taiwan Stock Exchange or Taiwan-related companies with strong business links to Taiwan's economy. |
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| Fund fact |
| Fund manager |
Value Partners Hong Kong Limited |
| Launch date |
3 March 2008 |
| 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 |
Weekly, on every Wednesday |
| Fund size |
US$43.67million (as at 25 August 2010) |
| Bloomberg code |
VTAIWAN KY |
| ISIN code |
KYG9318Y1061 |
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| Performance update*
(Up to 25 August 2010) |
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The Fund |
| One month |
+1.3 % |
| Year-to-date |
+2.4% |
| One-year |
+25.3% |
| Since launch |
+4.0% |
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| Annual returns* |
| 2010 (Year-to-date) |
+2.4%+ |
| 2009 |
+58.0% |
| 2008 (Since launch) |
-35.7% |
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Year-to-date return as at 25 August 2010. |
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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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| * |
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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| 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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