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| Manager | |
| Fund Name | |
| Strategy | |
| Latest Return Date | |
| Latest Return | |
| Latest 6 Months | |
| Latest 12 Months | |
| Latest 24 Months (pa) | |
| Annualised Since Inception | |
| Inception Date | |
| FUM (millions) | |
| Fund Overview | The Fund is managed by Value Partners using a disciplined value-oriented approach supported by intensive, on-the-ground bottom-up fundamental research resulting in a portfolio of individual holdings, which are, in the view of Value Partners, undervalued and of high quality, on either an absolute or relative basis, and which have the potential for capital appreciation. The Fund will primarily have exposure to the equity securities of entities listed on securities exchanges across the Asia (ex-Japan) region, however, the Fund may also gain exposure to entities listed on securities outside the Asia (ex-Japan) region which have significant assets, investments, production activities, trading or other business interests in the Asia (ex-Japan) region as well as unlisted instruments with equity-like characteristics, such as participatory notes and convertible bonds. The Fund may also invest in cash and money market instruments, depositary receipts, listed unit trusts, shares in mutual fund corporations and other collective investment schemes (including real estate investment trusts), derivatives including both exchange-traded and OTC, convertible securities, participatory notes, bonds, and foreign exchange contracts. |
| Manager Comments | The manager noted consistent export volume growth in Taiwan and South Korea, and China's on-track consumption recovery, contributed to North Asia's equity outperformance during the month. The application of innovative technology and the demand from the stay-home economy remained positive for the Fund's Taiwanese and Korean technology hardware holdings. The release of anti-trust draft rules in mainland China clouded the outlook of some internet giants which detracted from the Fund's November return. Premium China believe these anti-trust rules are unlikely to derail the long-term structural growth outlook of the leading Chinese players. Going into 2021, Premium China believe Asian equities continue to showcase solid fundamentals for the post-pandemic future. As a result, they continue to focus on quality companies with more room for growth amid the broader-based recovery. |
| More Information |
