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Veritas China USD A

Ranked 5 out of 10 in - Emerging Market Equity Including Asia over 12 months
All calculations are in USD unless stated

Managed by

Ezra Sun

Ezra Sun is someone who pursues independent themes and is not afraid to follow his convictions. Sun describes his style as global thematic and draws on regional specialists to fine-tune his decisions. He manages the Veritas Asian fund, having joined Veritas Asset Management (UK) Ltd from Newton Investment Management in 2004. He joined Newton as an Asia-Pacific equities analyst in 1995, and is currently a director, fund manager and head of Far East at Veritas. Born in 1967, Sun is fluent in Chinese and holds a degree in English Literature from Nankai University, China. He was also a research student at Cambridge University.

Objective

The investment objective of Veritas China Fund is to achieve long term capital growth, regardless of market conditions, by taking long and short positions primarily in equities or equity related derivative contracts of companies located in China (People's Republic Of China, and its Specials Administrative Regions, Hong Kong and Macau) or companies that are not located in China but derive a majority (over 50%) of their income from China.

Showing fund performance in Jersey View performance globally

Performance

Emerging Market Equity Including Asia over : 30/09/2017 - 30/09/2018

Total Return

Quarterly Performance

to 30/09/2018 Annual Q1 Q2 Q3 Q4
2018 2.1% 1.8% -6.3%
2017 31.0% 10.9% 3.7% 9.3% 4.2%
2016 -19.6% -11.5% -4.8% 5.3% -9.3%
2015 6.5% 4.0% 11.6% -9.6% 1.5%
2014 -0.8% -5.2% 2.5% 0.0% 2.2%
2013 22.0% 6.2% 0.9% 3.5% 10.0%
2012 13.9% 0.7% 0.3% 1.0% 11.6%
2011 -18.7% -2.7% -0.1% -10.6% -6.4%
2010 12.3% 1.3% -2.7% 8.9% 4.7%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

31/08/2018

Top 10 Holdings

Stock Size
Tencent Holdings Ltd ORD 7.88%
China Biologic Products Holdings Inc ORD 4.08%
AIA Group Ltd ORD 3.92%
Midea Group Co Ltd ORD 3.32%
Shanghai Fosun Pharmaceutical Group Co Ltd ORD 3.31%
Hangzhou Hikvision Digital Technology Co Ltd ORD 3.14%
Byd Co Ltd ORD 2.70%
Ctrip.Com International Ltd 1.250% 15-Sep-2022 2.61%
Dah Sing Banking Group Ltd ORD 1.87%
31/08/2018

Registered For Sale In

  1. Ireland
  2. Switzerland
  3. United Kingdom

Fund Info

  • Launch date02/10/2009
  • Share Class size22Mn
  • Base currencyUSD
  • ISIN IE00B4QQFR16

Purchase Info

  • Min. initial investment50,000
  • Min. regular additional investment0

Charges

  • Annual management1.00%
  • Initial investment0.00%

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Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in the currency and currencies indicated).