The Fund is an equity UITF structured as a feeder fund that aims to maximize return by investing its assets in an equity collective investment scheme (CIS), the Target Fund, that aims to achieve capital growth by investing at least 70% of its net assets in a diversified portfolio of equity related securities of public companies which are listed in Hong Kong, and/or, although not listed in Hong Kong, are listed on a stock exchange in any other jurisdiction and have substantial business interests in Hong Kong and/or China.
Why this Fund?
Access to China’s large domestically-driven economy
China is the most populous country and the second largest economy in the world. The rising domestic focus of China’s economy bodes well for a broad-based multiplier effect that is supportive of China’s growing economic dominance. The results of China’s policy actions to drive domestic consumption have been impressive, with the contribution of consumption to GDP growth moving up to 78.5% in 2017 from 64.1% in 2015.¹
Exposure to China’s transformative growth story
China has embarked on a series of transformative reforms - moving up the value chain as the “factory of the world” while gaining ground on the innovation space. This structural move is symbolized by shifts from low-cost manufacturing to high-end consumption to technological innovation, as underscored by the success of China’s world-class technology companies, which continue to innovate.
Solid Performance Track Record
The Fund feeds into the Manulife Global Fund Dragon Growth Fund, whose underlying strategy has garnered multiple recognition and awards². With China’s rapidly changing economic structure, its equity markets will inevitably continue to liberalize and evolve. Thus, investors will need to draw on the talents of an experienced and nimble team that can seize these emerging opportunities. This makes the Fund the right choice to navigate China’s new investment landscape.
¹Source: Manulife Asset Management
²4-Star Morningstar rating and ranked first quartile for 1, 3 and 5-year cumulative performance; Benchmark Fund of the Year Awards 2014 and 2016; Bloomberg Businessweek Top Funds 2015; Citywire Best Fund Manager and Best Fund Group 2018
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