Funds and prices
Overview
The actively managed fund uses a long-short equity strategy to exploit stock price anomalies in companies.
The investment in securities is made mainly in companies domiciled in the People`s Republic of China («PRC») listed within the PRC (onshore) or outside of the PRC (offshore).
The fund will engage in securities considered undervalued (long positions) and engage in short exposure in securities considered overvalued.
Securities are selected accordingly to a combination of fundamental, quantitative and qualitative research.
The Subfund may invest up to 100% of its assets in cash or money market-related securities for investment purposes.
The net equity position may therefore vary within a bandwidth of 0% to +125%.
This fund is not managed in reference to any benchmark.
Benefits
Access to alternative return streams in a daily liquid format.
Diversification and risk reduction potential when included in a traditional long-only portfolio with potential for enhanced returns.
Provides exposure to a strategy not typically available in daily liquid funds in a low cost, transparent format while providing diversification through access to a broad set of equities.
Risks
Features
Product category |
Equity
Asia |
Product domicile |
Luxembourg
|
Portfolio management |
ÃÛ¶¹ÊÓƵ Asset Management (Hong Kong) Ltd., Hong Kong
|
Fund management |
ÃÛ¶¹ÊÓƵ Fund Management (Luxembourg) S.A., Luxembourg
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Custodian bank |
ÃÛ¶¹ÊÓƵ Europe SE, Luxembourg Branch
|
Representative for products established under foreign law |
ÃÛ¶¹ÊÓƵ Fund Management (Switzerland) AG
|
Day of inception |
February 25, 2020
|
Currency of account |
USD
|
Close of financial year |
September 30
|
Issue / redemption |
daily
|
Distribution |
Reinvestment
|
Maturity |
Open end
|
Flat fee |
0.00% p.a.
|
Management fee |
0.00% p.a.
|
Total expense ratio (TER) |
0.04% p.a.
|
Minimum investment |
n.a.
|
Cut-Off Time |
13:00h (CET)
|
Securities no. |
50741508
|
ISIN |
LU2072950194
|
Bloomberg Ticker |
UCELSIX LX
|
Performance and Prices
Percentage growth
as of April 3, 2024USD(%) | CHF(%) | EUR(%) | |
YTD | -3.97 | 3.35 | -1.98 |
1M | |||
3M | |||
6M | |||
1Y | |||
2Y | -9.85 | -17.99 | -12.90 |
3Y | |||
5Y | |||
ø p.a.5Y | -5.26 | -7.05 | -5.32 |
Current data
Net asset value | 03.04.2024 | USD 76.66 |
High - last 12 months | 17.04.2023 | USD 91.34 |
Low - last 12 months | 22.01.2024 | USD 72.67 |
Total product assets in mn | 03.04.2024 | USD 1.83 |
Date
|
2 years
|
5 years
|
|
Sharpe Ratio | 29.02.2024 | -0.55 | n.a. |
Risk Free Rate | 31.03.2024 | 4.15% | 2.15% |
Structures
By detailed securities (in %, as of February 29, 2024)*
|
|
|
1 | China Mobile Ltd | 9.76 |
2 | Kweichow Moutai Co Ltd | 9.52 |
3 | Tencent Holdings Ltd | 9.48 |
4 | NetEase Inc | 9.43 |
5 | TAL Education Group | 5.00 |
6 | China Telecom Corp Ltd | 3.93 |
7 | New Oriental Education & Technology Group Inc | 3.51 |
8 | China Merchants Bank Co Ltd | 3.05 |
9 | CSPC Pharmaceutical Group Ltd | 2.78 |
10 | Alibaba Group Holding Ltd | 2.73 |
11 | Kanzhun Ltd | 2.70 |
12 | China Medical System Holdings Ltd | 1.99 |
13 | Ping An Insurance Group Co of China Ltd | 1.92 |
14 | China Resources Land Ltd | 1.87 |
15 | SSY Group Ltd | 1.82 |
16 | Chinasoft International Ltd | 1.65 |
17 | Hong Kong Exchanges & Clearing Ltd | 1.57 |
18 | Yunnan Baiyao Group Co Ltd | 1.47 |
19 | China Resources Beer Holdings Co Ltd | 1.31 |
20 | WuXi AppTec Co Ltd | 1.00 |
21 | China Overseas Land & Investment Ltd | 0.98 |
22 | Meituan | 0.90 |
23 | Semiconductor Manufacturing International Corp | 0.60 |
24 | Frontage Holdings Corp | 0.56 |
25 | Hangzhou Tigermed Consulting Co Ltd | 0.55 |
26 | China Jinmao Holdings Group Ltd | 0.52 |
27 | Yihai International Holding Ltd | 0.50 |
28 | Hua Hong Semiconductor Ltd | 0.43 |
29 | Hainan Meilan International Airport Co Ltd | 0.43 |
30 | WuXi XDC Cayman Inc | 0.35 |
31 | Onewo Inc | 0.21 |
32 | Alibaba Health Information Technology Ltd | 0.18 |
33 | Brii Biosciences Ltd | 0.15 |
34 | Morgan Stanley & Co International PLC | -0.19 |
Fees
Distributions
Authorisations
Literature
Document type
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Document Language
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Prospectus |
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Key Information Document |
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Past performance |
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Previous performance scenario |
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Statutes / Management regulations |
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Document type
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Document Language
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Annual report |
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Semi-annual report |
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