Important Risk Disclosure for Taikang Kaitai China New Opportunities Fund
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Fund Details

Investment Objective

The Taikang Kaitai China New Opportunities Fund seeks to provide investors with capital appreciation over the long term, primarily through China related investments in the equity markets.

  • Equities and equity-related securities
  • Within the above-mentioned scope, the Manager will allocate at least 70% of the Net Asset Value of the Sub-Fund to a portfolio of (i) equities and equity-related securities (including but not limited to common stock, preference stock, American Depositary Receipts, and Global Depositary Receipts) issued by companies incorporated in, or exercising the predominant part of their economic activity in Mainland China, and quoted or traded on the stock exchanges of Hong Kong, Singapore, Taiwan and the United States of America, and (ii) China A-Shares quoted or traded through the Shanghai-Hong Kong Stock Connect and/or Shenzhen-Hong Kong Stock Connect (“Approved Securities”).
  • Up to 30% of the Sub-Fund’s Net Asset Value may be invested in: (i) other equity and equity-related securities issued by companies not meeting the preceding requirements (such as companies incorporated in, or exercising the predominant part of their economic activity in the United States of America or Europe); (ii) other investments, including but not limited to money market instruments (e.g. bank certificates of deposit and negotiated term deposits); and (iii) exchange-traded funds (“ETFs”) and collective investment schemes with similar investment objectives to the Sub-Fund.
  • The Sub-Fund will invest no more than 30% of its Net Asset Value in collective investment schemes. The collective investment schemes will have similar investment objectives to the Sub-Fund. The Sub-Fund may invest in other funds authorized by the SFC or that are eligible schemes domiciled in Luxembourg, Ireland and/or the United Kingdom (whether authorized by the SFC or not), except that not more than 10% of the Sub-Fund’s Net Asset Value may be invested in collective investment schemes which are non-eligible schemes and not authorized by the SFC.
  • Financial Derivative Instruments (“FDI”)
  • The Sub-Fund may invest in financial derivative instruments for hedging purposes only but not for investment purposes. Subject to applicable regulations, derivatives used for hedging purposes may include but are not limited to options, warrants and futures.
  • It is not the Manager’s current intention to engage in securities lending, repurchase or reverse repurchase transactions or similar over-the-counter transactions or invest in asset-backed securities (including asset-backed commercial papers) or mortgage-backed securities for the account of the Sub-Fund. The Manager will seek the prior approval of the SFC (if required) and provide at least one month’s prior notice to Unitholders before the Manager engages in any such transactions.

    • Allocation
    • The Sub-Fund’s indicative asset allocation is presented in the table below:


    By types of investments Percentage of allocation
    (% of Net Asset Value)
    Equities and equity-related securities that are Approved Securities 70 – 100
    Other
    - Equity and equity-related securities that are not Approved Securities
    - Money market instruments
    - ETFs and other collective investment schemes     		0 – 30
    0 – 30

    0 – 30
    0 – 30

    • Strategy
    • The Manager will implement a combination of both top-down and bottom-up approach in determining investment of industries and individual stocks by the Sub-Fund. Through analysis of the macroeconomic impact on each industry and its developmental stage, the Manager understands the industry’s growth potential and development process, and assesses the industry's long-term investment value. Then the Manager tracks changes in industry policies, profitability, inventory levels, gross margin and other indicators to monitor the current industry prosperity and its variation, and updates its assessment record.
    • The Manager will build up a long-term relationship with listed companies and its peers, and conduct an in-depth analysis on the company and the industry it belongs to, so as to track fundamental changes of related companies in a timely manner. The Manager eventually makes an investment decision based on a thorough understanding of an investment instrument’s value from the above.
    • Use of derivatives / investment in derivatives
    • The Sub-Fund’s net derivative exposure may be up to 50% of the Sub-Fund’s Net Asset Value (“NAV”).
Fund Profile (as of 2023-06-01)
Asset Class Equity Domicile Hong Kong
Base Currency HKD Fund Size HKD 225,774,181.88
Dealing Information
Dealing Frequency Daily
Dealing Currency HKD, RMB, USD
Subscription Fee Class A and Class I: up to 5%
Redemption Fee Class A: NIL
Class I: NIL
Switching Charge Class A and Class I: up to 1%
Management Fee Class A: 1.75% p.a.
Class I: 1.0% p.a.
Minimum Initial Subscription Class A – HKD10,000
Class A – RMB10,000
Class A – USD2,000
Class I – HKD1,000,000
Class I – RMB1,000,000
Class I – USD 200,000
Minimum Subsequent Subscription Class A – HKD5,000
Class A – RMB5,000
Class A – USD1,000
Class I – HKD500,000
Class I – RMB500,000
Class I – USD 100,000
Minimum Holding
(Units with aggregate minimum value of:) 		Class A – HKD10,000
Class A – RMB10,000
Class A – USD2,000
Class I – HKD 1,000,000
Class I – RMB1,000,000
Class I – USD 200,000
Minimum Redemption Amount
(Units with aggregate minimum value of:) 		Class A – HKD10,000
Class A – RMB10,000
Class A – USD2,000
Class I – HKD 500,000
Class I – RMB500,000
Class I – USD 100,000
Inception Date 15/2/2017
Launch Price HKD10/RMB10/USD10
Distribution Frequency Monthly (if any)
Trustee, Administrator and Registrar BOCI-Prudential Trustee Limited
Custodian Bank of China (Hong Kong) Limited
ISIN Code HK0000306685 (Class A – HKD – DIST)
HK0000320223 (Class A – HKD – ACC)
HK0000306693 (Class A – RMB (Unhedged) – DIST)
HK0000320231 (Class A – RMB (Unhedged) – ACC)
HK0000320249 (Class A – RMB (Hedged) – DIST)
HK0000320256 (Class A – RMB (Hedged) – ACC)
HK0000306701 (Class A – USD – DIST)
HK0000320264 (Class A – USD – ACC)
HK0000306719 (Class I – HKD – DIST)
HK0000320272 (Class I – HKD – ACC)
HK0000306727 (Class I – RMB (Unhedged) – DIST)
HK0000320280 (Class I – RMB (Unhedged) – ACC)
HK0000320298 (Class I – RMB (Hedged) – DIST)
HK0000320306 (Class I – RMB (Hedged) – ACC)
HK0000306735 (Class I – USD – DIST)
HK0000320314 (Class I – USD – ACC)
Bloomberg Ticker TKCNAHD HK (Class A – HKD – DIST)
TKCNAHA HK (Class A – HKD – ACC)
TKCARUD HK (Class A – RMB (Unhedged) – DIST)
TKCARUA HK (Class A – RMB (Unhedged) – ACC)
TKCARHD HK (Class A – RMB (Hedged) – DIST)
TKCARHA HK (Class A – RMB (Hedged) – ACC)
TKCNAUD HK (Class A – USD – DIST)
TKCNAUA HK (Class A – USD – ACC)
TKCNIHD HK (Class I – HKD – DIST)
TKCNIHA HK (Class I – HKD – ACC)
TKCIRUD HK (Class I – RMB (Unhedged) – DIST)
TKCIRUA HK (Class I – RMB (Unhedged) – ACC)
TKCIRHD HK (Class I – RMB (Hedged) – DIST)
TKCIRHA HK (Class I – RMB (Hedged) – ACC)
TKCNIUD HK (Class I – USD – DIST)
TKCNIUA HK (Class I – USD – ACC)