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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 139.9 million (29/02/2024)
Base CurrencyCNH (Offshore RMB)
NAV (22/04/2024)

RE – USD – Unhedged (R) USD 63.24

RE – CNH – Unhedged (R) CNH 70.56

S – CNH- Unhedged (R) CNH 99.38

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") via the qualified foreign institutional investor ("QFII") regime and/or 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 may invest below 10% of its net assets in ETFs which track the performance of the CSI 300 Total Return Index.

 

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 (subject to the 10% of net assets limit set out above), 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 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 AI techniques used by the Fund include:
(i)   Lasso Regression which is an advanced version of traditional regression with improved prediction accuracy by removing unnecessary variables; 
(ii)    Gradient Boosting, which is a technique that produces a prediction model in the form of decision trees; and 
(iii)   Deep Neural Network, which is a machine learning methodology that mimicks the neuro behaviour in the human brain

 

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
 
       

 

 - Dividend (ex-date)

Date

NAV (RE – USD – Unhedged (R))

22/04/2024
63.2365
19/04/2024
63.3132
18/04/2024
63.7562
17/04/2024
63.4851
16/04/2024
62.3869
15/04/2024
63.1353
12/04/2024
61.9142
11/04/2024
62.4510
10/04/2024
62.4220
09/04/2024
62.8651
 

RE – USD – Unhedged (R) Composition of the Dividend Payments

For the month of Payment DateDividend per shareDividend paid out of net distributable income ^Dividend paid out of capital
No results found

Warning: Please note that a positive distribution yield does not imply a positive return. Investors should not make any investment decision solely based on information contained in the table above. Investors should read the relevant offering document (including the key facts statement) of the Fund for further details including the risk factors.

^ “Net distributable income” means the net investment income (i.e. dividend income and interest income net of fees and expenses) attributable to the relevant share class and may also include net realised gains (if any) based on unaudited management accounts. However, "net distributable income" cannot include net unrealised gains. "Net distributable income" which is not declared and paid as dividends in a period of a financial year can be carried forward as net distributable income for the next period(s) within the same financial year. “Net distributable income" that has been accrued as at the end of a financial year and is declared and paid as dividends at the next distribution date immediately after that financial year end could be treated as "net distributable income" in respect of that financial year. However, "net distributable income" which has been accrued as at the end of a financial year but is not declared and paid as dividends at the next distribution date immediately after that financial year end should be included as "capital" for the next financial year. Where the Fund may pay dividend out of gross income while charging / paying all or part of the Fund's fees and expenses to / out of capital, the amount of fees and expenses that has been paid out of capital has to be deducted from the gross investment income in order to come up with the "net distributable income".

Documents

1.ProspectusView
2.Product Key FactsView
3.Annual ReportView
4.Semi-Annual ReportView
5.Monthly Fund Fact SheetView

Notices

1.Notice (12/04/2024) View
2.Notice (16/08/2023) View
3.Notice (26/07/2023) View
4.Notice (26/06/2023) View
5.Notice (30/05/2023) View

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.