Legg Mason LMHK China Fund

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About The Fund

Investment Aim

The Fund seeks to achieve long-term capital appreciation by investing at least 70 per cent of its Total Asset Value in equity and equity-related securities of China and Hong Kong Companies. The Sub-Investment Manager will invest in a range of industries across China and Hong Kong and without any limits on the market capitalisation of companies.

Performance Benchmark

MSCI China Net Dividends Index
 
  • Invests in Chinese and Hong Kong companies
  • Active, non-style biased, bottom-up fundamental research investment strategy
  • Highly experienced investment team
 
 
 

About the Investment Strategy

  • An active, non-style biased, bottom up fundamental research investment strategy
  • Rates stocks with a balanced approach combining near-term catalysts and long-term valuation anchor
  • Uses Dividend Discount Model as the valuation anchor and a framework for common language and values

About the Investment Team

A dedicated Hong Kong and China equities investment manager, Legg Mason Hong Kong brings together a cohesive investment team with diverse talents and perspectives bound together by a series of common institutional beliefs and values. Legg Mason Hong Kong is solely committed to the generation and delivery of alpha to clients from within the asset class.

General Fund Literature

Fact Sheet
Extract Prospectus
Annual Report
Semi-Annual Report
 
 
  		•  INVESTMENT INVOLVES RISKS. Past performance is not indicative of future results.
  		• The Fund may have an indirect exposure to China “A” shares through investing in other collective investment schemes and other financial instruments that invest in or are linked to the performance of China “A” shares. At present, no tax provision has been made in respect of potential capital gains tax liability of the Fund which may arise from such indirect exposure to China “A” shares, although the Fund may indirectly bear Chinese tax levied on or borne by such schemes and instruments invested in by the Fund.
  		• The Fund mainly focuses its investments on businesses related to the economy of China which increases the Fund’s vulnerability to the economic, political, regulatory or tax developments of China. The Fund may invest in a single country which may give rise to increased risk over more diversified funds.
  		• Investors should read and understand the Fund’s most current offering document, including details of risk factors relevant to the Fund, in particular, the risk of investment in the securities of emerging markets issuers and derivatives, before making an investment in the Fund.
  • An investment in the Fund may not be suitable for all investors. The investment decision is yours but you should not invest in the Fund unless the intermediary who sells it to you has advised you that it is suitable for you and has explained why, including how buying it would be consistent with your investment objectives.