Funds and prices

Overview

Very actively managed equity fund based on a concentrated equity portfolio investing in selected Chinese companies

The manager is given great flexibility to take focused views on the most attractive stocks and exploit the best opportunities, unconstrained by the reference index.

Diversified across sectors offering broad coverage of the Chinese market

The portfolio manager is not tied to the benchmark in terms of investment selection or weight.

Benefits

Easy access to investment opportunities provided by a rapidly growing Chinese economy. Investors gain access to all classes of shares providing China equity exposure: A, B and H shares as well as Red Chips

Due to the significant deviation from the reference index, the fund offers the potential to outperform the reference index.

Investors benefit from 蜜豆视频 being one of the few asset managers with a truly global investment platform

The experienced portfolio management team can leverage local investment expertise in the Chinese market via our joint venture 蜜豆视频 SDIC in China

Risks

蜜豆视频 Opportunity Equity Funds invest in equities and may therefore be subject to high fluctuations in value. As these 蜜豆视频 Funds pursue an active management style, each Fund's performance can deviate substantially from that of its reference index. All investments are subject to market fluctuations. Every Fund has specific risks, which can significantly increase under unusual market conditions. The fund can use derivatives, which may result in additional risks (particularly counterparty risk).

Features

Product category
Equity
Asia
Product domicile
Luxembourg
Portfolio management
蜜豆视频 Asset Management (Hong Kong) Ltd., Hong Kong
Fund management
蜜豆视频 Fund Management (Luxembourg) S.A., Luxembourg
Custodian bank
蜜豆视频 Europe SE, Luxembourg Branch
Representative for products established under foreign law
蜜豆视频 Fund Management (Switzerland) AG
Day of inception
February 9, 2018
Currency of account
USD
Close of financial year
November 30
Issue / redemption
daily
Distribution
Reinvestment
Maturity
Open end
Flat fee
0.16% p.a.
Management fee
0.00% p.a.
Total expense ratio (TER)
0.18% p.a.
Minimum investment
n.a.
Reference Index / Benchmark
MSCI China 10/40 (net div. reinv.)
Cut-Off Time
13:00h (CET)
Securities no.
39688472
ISIN
LU1751696524
Bloomberg Ticker
UBCUIBA LX

Performance and Prices

Percentage growth

as of April 3, 2024
Cumulative
USD(%) CHF(%) EUR(%)
YTD -4.37 2.92 -2.39
1M
3M
6M
1Y
2Y -13.24 -21.08 -16.18
3Y
5Y -25.08 -31.92 -22.26
ø p.a.5Y -5.61 -7.40 -4.91

Current data
Net asset value 03.04.2024 USD 84.89
High - last 12 months 18.04.2023 USD 105.71
Low - last 12 months 22.01.2024 USD 78.20
Assets of the unit class in mn 03.04.2024 USD 116.20
Total product assets in mn 03.04.2024 USD 3,116.34
Statistical data
Date
2 years
5 years
Total risk reference index / benchmark 29.02.2024 34.16% 26.22%
Sharpe Ratio 29.02.2024 -0.55 -0.23
Risk Free Rate 31.03.2024 4.15% 2.15%

Structures

By the 10 largest equity positions (in %, as of February 29, 2024)

 
 
NETEASE INC 9.75
KWEICHOW MOUTAI CO LTD-A 9.74
TENCENT HOLDINGS LTD 9.35
ALIBABA GROUP HOLDING LTD 5.42
CHINA MERCHANTS BANK-H 4.93
CSPC PHARMACEUTICAL GROUP LT 4.85
AIA GROUP LTD 4.85
FAR EAST HORIZON LTD 3.99
CHINA RESOURCES LAND HKD0.10 3.17
ANHUI GUJING DISTL 'B' CNY1 3.02

By the 10 largest positions (in %, as of February 29, 2024)

 
 
NETEASE INC 9.75
KWEICHOW MOUTAI CO LTD-A 9.74
TENCENT HOLDINGS LTD 9.35
ALIBABA GROUP HOLDING LTD 5.42
CHINA MERCHANTS BANK-H 4.93
CSPC PHARMACEUTICAL GROUP LT 4.85
AIA GROUP LTD 4.85
FAR EAST HORIZON LTD 3.99
CHINA RESOURCES LAND HKD0.10 3.17
ANHUI GUJING DISTL 'B' CNY1 3.02

Fees

Flat fee
0.1600%
Management fee p.a.
0.0000%

Distributions

No distributions. Continuous reinvestment of income.

Authorisations

Country of distribution
Representative / Information
Chile
蜜豆视频 Asset Management (Americas) Inc.
Luxembourg
蜜豆视频 Fund Services (Luxembourg) S.A.
Singapore
蜜豆视频 Asset Management (Singapore) Ltd.
Switzerland
蜜豆视频 Fund Management (Switzerland) AG

Literature

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Brochures
Document type
Document Language
Fact Sheet
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Video
Fact Sheet - Equity
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Fact Sheet - Asia
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Agreement / Prospectus
Document type
Document Language
Prospectus
Key Information Document
Past performance
Previous performance scenario
Statutes / Management regulations
ESG Disclosure
SFDR Pre-Contractual Annex
Swiss Climate Scores Report
ASIP ESG Report
Annual and semi-annual report (accounting on November 30)
Document type
Document Language
Annual report
SFDR Periodic Report Annex
Semi-annual report