The investment objective is to achieve capital appreciation and income through investment in a portfolio of equity securities.
This is a focused value fund, seeking to buy US companies with high prospective earnings growth that are trading at lower valuations. The philosophy underpinning the strategy is that thorough fundamental research, allied with valuation discipline, gives investors the best chance of strong relative and absolute gains over the long term. The purchase of stocks on low multiples, relative to their earnings, is a key determinant of successful performance.
Past performance is not a guide to future performance. Returns may increase or decrease as a result of currency fluctuations. All performance data is calculated NAV to NAV, net of fees, dividends reinvested and does not take account of commissions and costs incurred on the issue and redemption of units. US/Hong Kong dollar-based investors are exposed to currency fluctuations where funds are denominated in currencies other than US/Hong Kong dollars.
Performance data is not available if a share class is less than 12 calendar months old. However performance data for other share classes of the same fund will be available in the factsheet, provided such share classes are more than 12 calendar months old. Performance between share classes may differ due to factors such as hedging strategies and fees.
Please click here for the previous 5-year annual performance of Hong Kong authorised funds.