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

All securities investments present a risk of loss of capital. The fund may use derivatives, which can reduce or increase investment risk (including the risk of loss due to the bankruptcy of the counterparty). The fund invests in equities and may therefore be subject to high volatility. This requires an elevated risk tolerance and capacity. The value of a unit may fall below the purchase price. This fund pursues a very active management style. Its performance may therefore deviate considerably from that of a comparable market return. Investments via Shanghai or Shenzhen Stock Connect are subject to additional risks, in particular quota limitations, custody risk, clearing/ settlement risk and counterparty risk. Pronounced fluctuations in price are characteristic of emerging economies. Other characteristics include specific risks such as lower market transparency, regulatory hurdles, illiquidity of markets as well as political and social challenges. Every fund reveals specific risks, a detailed and comprehensive list of risk descriptions can be found in the prospectus. All investments are subject to market fluctuations. Every fund has specific risks, which can significantly increase under unusual market conditions. Please consult your client advisor for more information on the investment risks of this product.

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
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, 2024
Cumulative
USD(%) 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
Statistical data
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

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

Distributions

No distributions. Continuous reinvestment of income.

Authorisations

Country of distribution
Representative / Information
Luxembourg
ÃÛ¶¹ÊÓƵ Fund Services (Luxembourg) S.A.
Switzerland
ÃÛ¶¹ÊÓƵ Fund Management (Switzerland) AG

Literature

Brochures
Document type
Document Language
Fact Sheet
Fact Sheet - Equity
Fact Sheet - Asia
Agreement / Prospectus
Document type
Document Language
Prospectus
Key Information Document
Past performance
Previous performance scenario
Statutes / Management regulations
Annual and semi-annual report (accounting on September 30)
Document type
Document Language
Annual report
Semi-annual report