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Important Risk Warning:
  • Investors should not only base on content below alone to make investment decisions. Investors should refer to fund's offering documents and read carefully the summary of the key features and risks specific to this fund stated in the fund factsheet prepared by the relevant fund house, before making any investment decision.
  • Unit Trusts are investment products and some may involve derivatives. The investment decision is yours but you should not invest in the Unit Trusts unless the intermediary who sells it to you has explained to you that the product is suitable for you having regard to your financial situation, investment experience and investment objectives.
  • Unit Trusts are NOT equivalent to time deposits.
  • Investment involves risks. Past performance is no guide to future performance of the funds. Value of the investments and the income/dividend generated can fluctuate and is not guaranteed.
  • In the worst case scenario, the value of the unit trusts may be worth substantially less than the original amount you have invested (and in an extreme case could be worth nothing).
  • The funds' investment may involve substantial market, currency, volatility, liquidity, regulatory and political risks.
  • The funds invest in debt securities and are subject to interest rate, credit/counterparty, downgrading, market, currency, volatility, liquidity, regulatory and political risks.
  • If the funds invest in emerging markets, a single market or a limited number of geographical market(s) or industry sector(s) or smaller cap companies, the funds will be subject to higher degree of risk and are usually more sensitive to price movements.
  • If the funds invest in non-investment grade debt securities, distressed debt securities, defaulted debt securities, emerging market debt securities, mortgage and asset-backed securities, debt securities in a limited number of geographical market(s) or sector(s), the funds will be subject to a higher degree of risk.
  • If the funds invest in derivatives, additional risks will be involved (which include additional risks different from those associated with investing in bonds), and the funds may be subject to higher volatility.
  • If the funds invest in alternative asset classes including hedge fund strategies, absolute return strategies, private equity or real estate sectors, the fund will involve special and higher risks. These include higher volatility and liquidity risks.
Selecting Products with Risk Level relative to your tolerance to investment risk
You may consider funds with risk level commensurate with your investment
risk tolerance, according to the table below:
Risk tolerance Funds with risk level commensurate
Very Cautious Risk level: 1
Cautious Risk level: 1 - 2
Balanced Risk level: 2 - 3
Adventurous Risk level: 3 – 4
Speculative Risk level: 4 – 5
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HSBC Fund Code: U63231
VALUE PARTNERS ASIAN INCOME FUND (CLASS A-USD-MD-C)       
HSBC Risk Level: 4
Offering Document: 
        
Investment Objective
The Fund aims to maximize return and income by investing in Asian equities, Asian fixed income securities and other assets relating to Asian companies that are listed in Asia, or have registered offices in Asia or generate a predominant share of their sales and/or their profits in Asia. The Fund also aims to achieve lower portfolio volatility by actively screening and selecting a combination of lower volatility equities and fixed income securities.
Investment Strategy
HSBC investment category:
Multi Asset
Investment type:
Multi Asset
Investment style:
Blend
Interest rate sensitivity:
-
Investment instrument:
Stock, Bond, Cash
Investment style is only applicable for funds that invest in equities. Interest rate sensitivity is only applicable for funds that invest in fixed income product.
Fund Portfolio
(as of 30-06-2024)
Asset allocation
Stock
Bond
Cash
Other
65.84%
31.38%
2.78%
0.00%
Total number of equity holdings: 88
Total number of bond holdings : 91
Equity holdings geographical allocation
Equity holdings sector allocation
Top 5 bond holdings country exposure
Country exposure %
China 21.46
Japan 16.03
Hong Kong 13.48
Australia 10.20
Indonesia 9.96
Top 10 holdings
Holding % of net asset
Taiwan Semiconductor Manufacturing Co Ltd 7.92
Alchip Technologies Ltd 3.36
SK Hynix Inc 3.10
Test Research Inc B.O.T. 15.11.94-15.2.95 buoni ordinari del tesoro 2.34
ICICI Bank Ltd ADR 2.17
China Telecom Corp Ltd Class H 1.97
Wiwynn Corp Ordinary Shares 1.81
China Merchants Bank Co Ltd Class H 1.76
China Mobile Ltd 1.38
Fortune Star (BVI) Limited 5% 1.32
% of asset in Top 10 holdings 27.14
Fund Performance
(as of 30-09-2024)
Fund: VALUE PARTNERS ASIAN INCOME FUND (CLASS A-USD-MD-C)
Index: Morningstar Asia 50/50 NR USD
Fund indexed performance (initial value =100%). Performance statistics are based on bid to bid/ NAV to NAV prices of the fund with dividend reinvested, in USD
  • 2019
  • 2020
  • 2021
  • 2022
  • 2023
  • YTD
  • 10.35
  • 17.55
  • 3.28
  • -17.80
  • 7.62
  • 12.93
  • 15.36
  • 16.14
  • -2.04
  • -15.07
  • 8.20
  • 12.76
Fund Price Information
(as of 07-10-2024)
Fund price movement is calculated on bid to bid/ NAV to NAV basis in fund class currency (USD ).
Indicative fund price:
  • NAV:
USD 9.43000
  • Bid:
-
  • Offer:
-
Change vs previous trading day:
0.96%
52 week low-high:
USD 8.04000 - USD 9.43000
Fund price information is provided based on the latest fund trading date.
Dividend Information
(as of 30-09-2024)
Target distribution frequency:
Monthly
Dividend yield:
5.50%
Last dividend paid (per unit):
USD 0.04230
Last ex-dividend date:
30-09-2024
Dividend yield is the dividend amount declared over the past twelve months as a percentage of the last month-end fund unit price, show in 2 decimal places. The amount of dividend may not be guaranteed by Fund House.
Fund Statistic
(as of 30-09-2024)
Annualised return:
-0.92%
Standard deviation:
13.20%
Sharpe ratio:
-0.30
Alpha:
-1.71
Beta:
0.99
Fund statistics are calculated by using 3 years historical data, and are not calculated for fund which is less than 3 years old.
Sharpe ratio: Morningstar Asia Limited used the USTREAS T-Bill Auction Ave 3 Mon as the risk free factor for calculation
Alpha & Beta: Morningstar Asia Limited Used Morningstar Asia 50/50 NR USD as the benchmark index for calculation
Fees and Charges
Initial charge:
-
Annual management fee (maximum):
-
Distribution fee:
-
Maintenance fee:
-
Redemption fee:
-
Performance fee:
Highest contingent deferred sales charge:
-
Switching Fee:
-
Switching transactions placed through HSBC are subject to 1% switching charge which is charged by HSBC, except switching transaction within the ‘No Subscription Fee Series’ across fund houses is free of charge.
For the ‘No Subscription Fee Series’ , an administration fee of 1% and a distribution fee of 1% - 1.25% p.a. may apply.
The listed information may not cover all the fees and charges imposed on a fund. Please refer to the respective offering documents of the fund for details of relevant fees and charges.
Other Fund Information
Fund class currency:
USD
Fund class inception date:
10-11-2017
Fund size (Million):
USD 246.60
(as of 30-09-2024)
Fund manager
(Start date):
No Data
Fund house:
Value Partners Limited
Morningstar Rating:

(as of 30-09-2024)
Other fund classes available with HSBC:
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Disclaimers:


The information in this website relating to Unit Trusts are provided by Morningstar Asia Limited (“Information Provider”) to The Hongkong and Shanghai Banking Corporation Limited (the “Bank”) unless otherwise specified. For technical reasons, certain information provided by Information Provider may be different from that supplied by the respective fund houses. Neither the Information Provider nor the Bank guarantee or endorse the accuracy, reliability and completeness of the information provided by the Information Provider or that it is up-to date, and that such information has not been independently verified by the Bank. The Bank disclaims liability for any errors, omissions or inaccuracies in the information provided in this website. The Bank also disclaims liability for any loss or damages resulting from the use of information contained herein, or the inability to use such information or in connection with any error, interruption, delay in operation or incomplete transmission, line or system failure. The information contained herein is solely for personal and non-commercial use and for reference only, and the information are not intended to provide professional advice nor is HSBC, in providing such information intended to be advising on Unit Trust. The information contained in this website is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribed for any Unit Trusts or other investments or products or deposit. The information contain herein may not be copied or re-distributed by any means.


Investment involves risks. Past performance is no guide to future performance of the funds. The value of investments and the income from them can fluctuate and is not guaranteed. Please refer to the offering documents of the respective funds for details, including risk factors. This website has not been reviewed by the Securities and Futures Commission. The information contained on this website is intended for Hong Kong residents only and should not be construed as a distribution, an offer to sell, or a solicitation to buy any securities in any jurisdiction where such activities would be unlawful under the laws of such jurisdiction, in particular the United States of America. You should refer to the website disclaimers for further important details.


The Fund Risk Level stated in this website is determined according to the historical volatility of the fund or, where appropriate, the historical volatility of a comparable market index or comparable fund. You should refer to the detailed definition of fund risk level here.
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