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| Fund Profile Highlights: |
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Objective:To deliver strong absolute returns by investing in good quality small & mid cap companies listed in China A-share market.
Approach:On-the-ground company research, bottom-up stock picking |
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| Key Investment Policy & Fund Features |
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Investment universe: A-shares markets of Shanghai and Shenzhen. Treasury Bonds/notes/bills, Corporate bonds and Convertible bonds that can be invested by QFII licensed holders according to QFII regulations.
Market cap definition: Targeting companies with free float market cap in between RMB800m to RMB3b (approx. USD100-400m) at initial purchase.
Benchmark: Tianxiang Small Market Cap Index (For performance reference only. No active tracking error target).
No. of stocks: Approximately 35-50 stocks, maximum 75 stocks in the portfolio.
Investment Manager: Fortis Investments.
Investment Advisor: Fortis Haitong Investment Management. |
| Investment Guidelines: |
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Equity holdings: Min. of 65% of NAV, max. of 100% of NAV
Individual stock limits: Min of 1% of NAV, max. of 5% of NAV
Individual sector limits: Min. holding of 5 sectors, max. 30% of NAV holding per sector
Turnover: Approximately 120% per annum
Tracking error: No tracking error constraints |
| Fund Structure: |
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A sub-compartment under Flexifund - a Luxembourg SICAV part II
Liquidity constraints: Current rule of QFII: lock-up of 1 year and 3-month interval periods between redemptions (max. 20% of quota) thereafter. We are clarifying this with the Chinese authority.
Investors: Qualified investors per guidelines of CSSF |
