Overview
Very actively managed equity fund based on a concentrated equity portfolio investing in selected Chinese companies
The manager is given great flexibility to take focused views on the most attractive stocks and exploit the best opportunities, unconstrained by the reference index.
Diversified across sectors offering broad coverage of the Chinese market
The portfolio manager is not tied to the benchmark in terms of investment selection or weight.
The exchange rate risk between USD and HKD is not hedged.
Benefits
Easy access to investment opportunities provided by a rapidly growing Chinese economy. Investors gain access to all classes of shares providing China equity exposure: A, B and H shares as well as Red Chips
Due to the significant deviation from the reference index, the fund offers the potential to outperform the reference index.
Investors benefit from 麻豆社 being one of the few asset managers with a truly global investment platform
The experienced portfolio management team can leverage local investment expertise in the Chinese market via our joint venture 麻豆社 SDIC in China
Risks
Features
| Product category |
麻豆社 Equity Funds 麻豆社 Opportunity Equity Funds |
| Product domicile |
Luxembourg
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| Portfolio management |
麻豆社 Asset Management (Hong Kong) Ltd., Hong Kong
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| Fund management |
麻豆社 Asset Management (Europe) S.A., Luxembourg
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| Custodian bank |
麻豆社 Europe SE, Luxembourg Branch
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| Representative for products established under foreign law |
麻豆社 Fund Management (Switzerland) AG
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| Day of inception |
January 20, 2014
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| Currency of account |
USD
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| Currency of unit class |
HKD
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| Close of financial year |
November 30
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| SFDR Classification |
Art.8
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| Issue / redemption |
daily
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| Distribution |
Reinvestment
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| Maturity |
Open end
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| Ongoing costs p.a. |
2.44% p.a.
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| Management fee |
1.87% p.a.
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| Total expense ratio (TER) |
2.39% p.a.
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| Swing pricing |
yes
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| Minimum investment |
n.a.
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| Reference Index / Benchmark |
MSCI China 10/40 (net div. reinv.) in HKD
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| Securities no. |
23115751
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| ISIN |
LU1008478684
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| Bloomberg Ticker |
SBCESPH LX
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| Telekurs Id |
n.a.
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Performance and Prices
Percentage growth
as of May 28, 2026| HKD(%) | CHF(%) | EUR(%) | USD(%) | |
| YTD | -4.75 | -6.01 | -4.40 | -5.36 |
| 1M | ||||
| 3M | ||||
| 6M | ||||
| 1Y | ||||
| 2Y | 28.94 | 12.49 | 13.45 | 28.68 |
| 3Y | ||||
| 5Y | -34.26 | -43.06 | -31.76 | -34.87 |
| ø p.a.5Y | -8.05 | -10.65 | -7.36 | -8.22 |
Current data
| Net asset value | 28.05.2026 | HKD 1,793.85 |
| High - last 12 months | 09.10.2025 | HKD 1,996.86 |
| Low - last 12 months | 28.05.2025 | HKD 1,686.32 |
| Assets of the unit class in mn | 28.05.2026 | HKD 708.95 |
| Total product assets in mn | 28.05.2026 | HKD 21,730.19 |
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Date
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2 years
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5 years
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| Total risk reference index / benchmark | 30.04.2026 | 21.26% | 26.69% |
| Sharpe Ratio | 30.04.2026 | 0.45 | -0.40 |
| Risk Free Rate | 30.04.2026 | 3.28% | 2.74% |
Structures
By the 10 largest equity positions (in %, as of April 30, 2026)
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| TENCENT HOLDINGS LTD | 9.44 |
| NETEASE INC | 8.67 |
| ALIBABA GROUP HOLDING LTD | 8.02 |
| KWEICHOW MOUTAI CO LTD-A | 5.52 |
| CONTEMPORARY AMPEREX TECHNOL | 4.76 |
| FAR EAST HORIZON LTD | 4.72 |
| AIA GROUP LTD | 3.96 |
| CHINA MERCHANTS BANK-H | 3.91 |
| PDD HOLDINGS INC | 2.75 |
| MONTAGE TECHNOLOGY CO LTD-H | 2.65 |
Fees
Distributions
Sales Authorisations
Literature
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Document Language
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| Prospectus |
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| Key Information Document |
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| Past performance |
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| Previous performance scenario |
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| Statutes / Management regulations |
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| ESG Disclosure |
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| SFDR Pre-Contractual Annex |
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| Annual report |
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| SFDR Periodic Report Annex |
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| Semi-annual report |
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| Tax list |
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