Coupled with solid corporate fundamentals and diverse opportunities in the Greater China region, we believe this asset class offers capital gain potential and attractive risk return payoff.
Risk adjusted long term growth1
Greater China’s 10-year performance2
Greater China’s 10-year performance1
Covering China, Taiwan and Hong Kong markets, Greater China equities are offering good diversification with relatively attractive dividend yields for investors.
Estimated FY21 dividend yield (%)3
Despite worries of COVID-19 pandemic and rising Sino-US tension, we believe Greater China market can play complementary roles. For example, Taiwan’s tech supply chain is expected to benefit from the structural demand growth in semiconductors from China with the nation-wide 5G network roll-out in China.
Shipment of 5G smartphone in China is entering a growth phase4
Given the diverse characteristics across the region, Greater China equities enable investors to tap on the most dynamic growth trend.
Mainland China market
Great potential from the world’s second largest economy6 with 1.4 billion population.
Hong Kong market
A global financial hub led by international banks and insurance giants, plus the property players.
A market dominated by world class IT manufacturers.
* Due to rounding, the total may not be equal to 100%. Information about the asset allocation is historical and is not an indication of the future composition.
As the China’s economy continues to transform from an investment-driven model to a consumption-and services-driven, Chinese government is expected to continuously focus on improving the living standard and technological innovation in the next decade.
This trend closely links to three key investment themes of the Fund: Consumption Upgrade, R&D (research and development) and Innovation and Policy Driven. In addition, the bottom up approach adopted by the investment team helps the fund to identify opportunities from long-term structural trends across the region and capture the potential return.
of track record8
Equity investment experts in
the Greater China region9
Unless otherwise stated, all information sources are from Manulife Investment Management, as of 31 December 2020