Asset Management Unit Trusts Haitong Middle Kingdom Fund
Haitong Middle Kingdom Fund
Fund Information

Fund Name : Haitong Middle Kingdom Fund
Inception Date : May 10, 1989
Currency : HKD
Fund trading day : Every working day
ISIN : HK0000116340
Bloomberg Code : POLMKFI KY
Dividend distribution policy : N/A
Ongoing charges over a year* : 2.29%
Date : 2021-12-06
NAV per unit : HKD 72.44

*The ongoing charges figure is an annualized figure based on the ongoing expenses for the interim period from 1 July to 31 December 2020 expressed as a percentage of the Fund’s average net asset value for the same period according to the latest interim financial report for the period ended 31 December 2020. This figure may vary from year to year.
Haitong International Investment Managers Limited
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Hotline:(852) 2116-8200

  • Fund Fact Sheet
  • Historical NAV per unit (Ex-dividend)
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  • Past Performance

Investor should note that investment involves risks (including the possibility of loss of capital invested), the fund’s NAV per unit may rise as well as fall and past performance is not indicative of future results. Investors should carefully consider their own investment objectives, risk tolerance level and other circumstances and seek independent financial and professional advice as appropriate before making any investments. Please read the offering documents of the fund carefully for further details (including the full text of the risk factors, fees & charges and product features). Investment returns not denominated in HKD/USD are exposed to exchange rate fluctuations. This web page is published by Haitong International Investment Managers Limited and has not been reviewed by the Securities and Futures Commission in Hong Kong.

Key Features

Haitong Greater China Opportunities Fund ("Sub-Fund") is a sub-fund of Haitong Investment Fund, an open-ended unit trust that seeks to provide investors with medium to long term capital appreciation. The Sub-Fund seeks to invest in listed securities in the Greater China region (including the People's Republic of China ("PRC")) and may also invest in financial derivative instruments.

The concentration of the Sub-Fund' investments in the PRC, Hong Kong, Macau and Taiwan may result in greater volatility than portfolios which comprise broad-based global investments;
Investing in emerging markets may involve a greater risk of loss than investing in developed markets due to, among other factors, greater political, tax, economic, foreign exchange, liquidity and regulatory risks;
Risks connected with investments in financial derivative instruments for hedging purposes (i.e. credit risk, liquidity risk and counterparty credit default risk);
Counterparty risks connected with the issuers of China A Share Access Products ("CAAPs") held by the Sub-Fund, whereby the Sub-Fund may suffer a loss potentially equal to the full value of its investments in the CAAPs if the CAAPs Issuer fails to perform its obligations under the CAAPs. Any loss would result in a reduction in the Net Asset Value of the Sub-Fund and impair the ability of the Sub-Fund to achieve its investment objective. In this regard, the Manager will seek to limit the Sub-Fund's exposure to each CAAPs Issuer to no more than 10% of the Sub-Fund's net asset value. For this purpose, the CAAPs are marked-to-market at the end of each Dealing Day;
Risks and uncertainties associated with changes in Qualified Foreign Institutional Investors ("QFII) laws, rules and regulations (that may have retrospective effect) which may adversely impact the value of the Sub-Fund's investments. Consequently, these changes may reduce the income from and/or value of the Units in the Sub-Fund and in the worst case scenario, may result in the termination of the Sub-Fund if the Sub-Fund invests principally in CAAPs (which is not the Manager's current intentions) and/or because of the commercial difficulties in continuing to operate the Sub-Fund; and
Risks and uncertainties associated with changes in current PRC tax laws, regulations and practice (that may have retrospective effect). In particular, the Sub-Fund will elect to withhold 10% for tax provisions on any gains, realized or unrealized, to provide for possible tax costs to be incurred when a gain is crystallized from investments in PRC securities. Such provisions for taxes may be more or less than the Sub-Fund's actual tax liabilities. In case of a shortfall in the Sub-Fund's provision for taxes, the relevant amounts may be debited from the Sub-Fund's assets to meet its actual PRC tax liabilities which may consequently reduce the value of Units in the Sub-Fund.
An investment in the Sub-Fund may involve a high degree of risk and may not be suitable for all investors. Past performance is not indicative of future results. The value of the Units in the Sub-Fund and the income accruing to the Sub-Fund, if any, may fall or rise. Notwithstanding that the investment decision is yours to make, you should not invest in the Sub-Fund unless the intermediary who has offered you the Sub-Fund has advised you that the Sub-Fund is suitable for you and has explained why the investment in the Sub-Fund will be consistent with your investment objectives.

Socially Responsible Investing

Socially Responsible Investment (SRI) is one of the most dynamic and powerful trends in the global financial markets. SRI is a method of investment that emphasizes firms' performance in the area of corporate social responsibility (CSR), including their environmental initiatives, social consciousness, and ethics, in addition to financial performance factors such as sales and profits. Haitong International Investment Managers, whose main business is the provision of wealth management, is well-positioned to contribute to creating a sustainable society through promoting the concept of SRI.

As part of our continuing commitment to SRI, we apply SRI principles in the management of Haitong Sri Asia Fund.

Socially Responsible Investment works on two levels. On one level, our SRI VALUES SCREEN actively tilts a portfolio towards socially responsible companies and excludes companies in industries and with products that are deemed to be socially harmful.

On the second level, SRI is a value driven investment proposition built upon a powerful economic rationale. SRI seeks to understand the wider context in which businesses’ operation and companies are examined on their financial merits and their social and environmental impacts.

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