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Risk Disclosure

Important information: The Fund mainly invests in A-Shares. The Fund uses multi-factor models and advanced artificial intelligence as part of its stock selection process. The Fund is subject to the key risks associated with equities, geographic concentration in Mainland China, artificial intelligence and RMB. The Fund may invest in A-Shares via the Stock Connect, which is subject amongst others to quota limitations, suspension risk and operational risks.

The Fund’s net derivative exposure may be up to 50% of the Sub-Fund’s net asset value. The use of financial derivative instruments may involve additional risks.

You should not make investment decision on the basis of this marketing material alone. Please read the Hong Kong Offering Documents for details and risk factors.

Investors are responsible for their investment decisions and should ensure that the intermediary has advised on Sub-Fund’s suitability and consistency with their investment objective. If in doubt, please seek independent financial and professional advice.

Fund Information

Fund ManagerPing An of China Asset Management (Hong Kong) Co. Ltd
Fund Inception14/11/2019
Fund SizeCNH 197.81 million (30/06/2021)
Base CurrencyCNH (Offshore RMB)
NAV (21/10/2021)

RE – USD – Unhedged (R) USD 100.0857

RE – CNH – Unhedged (R) RMB 98.5361

Dealing FrequencyDaily (Business Day in Luxembourg, mainland China, and Hong Kong) except any day on which Stock Connect is closed for trading
Dividend PolicyNo Distribution to Shareholders

Fund Objective

The Fund aims to achieve stable excess returns above CSI 300 Total Return Index as the benchmark.

Fund Strategy

The Fund will primarily invest at least 70% of its net assets in A-Shares of companies issued in the People’s Republic of China (“PRC”) and listed on the Shanghai Stock Exchange and Shenzhen Stock Exchange (“China A-Shares”) through the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect Programs (“Stock Connect”). The Fund may invest up to 50% of its net assets in China A-Shares listed on the ChiNext market and/or the Science and Technology Innovation Board (the "STAR Board").

The Fund employs multi-factor models to construct a well-diversified equity portfolio of China A-shares, as well as, to a limited extent, ETFs, cash, money market instruments and fixed deposits.  Advanced artificial intelligence (AI) techniques are applied to (i) derive factors from aggregated raw financial data, which include fundamental data (such as P/E ratio, earnings per share, return on equity) and trading data (such as price, volume, volatility and momentum); and (ii) calculate the alpha score of individual securities, so that the Investment Manager may optimise the Sub-Fund’s portfolio  (i.e. by maximizing the weighted sum of alpha score of stocks in the portfolio subject to relevant constraints, such as diversification requirements).

The Fund may use financial derivative instruments for investment, hedging and efficient portfolio management purposes.


General Information

Minimum Initial Investment Amount:Class RE Shares USD 10,000
Minimum Holding Amount:Class RE Shares USD 5,000
Minimum Subsequent Investment Amount:Class RE Shares USD 5,000
Minimum Redemption Amount:Class RE Shares USD 5,000
Subscription Fee:Up to 5.0%
Switching Fee:Nil (Shareholders may request for the end of a month switching of their shares from one Class to the same Class of another Sub-Fund)
Redemption Fee:Nil
Management Fee:1.50%
Financial Year End:31 December
Management Company:Carne Global Fund Managers (Luxembourg) S.A.
Custodian & Administrator:HSBC Continental Europe, Luxembourg

Codes

ISIN CodesRE – USD – Unhedged (R) LU2069555972
RE – USD – Hedged (R) LU2069556194
RE – CNH – Unhedged (R) LU2069568876

Date

NAV (RE – USD – Unhedged (R))

21/10/2021
100.0857
20/10/2021
100.0522
19/10/2021
100.3801
18/10/2021
98.8769
15/10/2021
99.8143
12/10/2021
97.9615
11/10/2021
99.0355
08/10/2021
98.8744
07/10/2021
97.9955
06/10/2021
97.7762

Documents

1.ProspectusView
2.Product Key FactsView

Information herein is based on sources we believe to be accurate and reliable as at the date it was made. We reserve the right to revise any information herein at any time without notice. No offer or solicitation to buy or sell securities and no investment advice or recommendation is made herein. In making investment decisions, investors should not rely solely on this material but should seek independent professional advice.

Investment involves risks, in particular, risks associated with investment in emerging and less developed markets. Past performance is not indicative of future performance. Investors should read the Hong Kong offering documents for further details, including the risk factors, before investing.

This material and website have not been reviewed by the Securities and Futures Commission of Hong Kong.

Issued by Ping An of China Asset Management (Hong Kong) Company Limited.

Ping An of China Asset Management (Hong Kong) Company Limited (Suite 2301, 23rd Floor, Two International Finance Centre 8 Finance Street, Central Hong Kong) is the Hong Kong Representative and is regulated by the Securities and Futures Commission of Hong Kong.