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Important Notes:

  1. Manulife Global Fund – China Value Fund (“Manulife China Value Fund” or the “Fund”) invests in equity securities of companies with substantial business interests in the Greater China region, which may involve equity market, Mainland China investment, China A-Shares Access Products, Stock Connect, small cap, geographical concentration, volatility, taxation, and currency exchange risks, and is subject to greater risk than investments in more developed economies or markets.
  2. The Fund intends to use financial derivative instruments (“FDIs”) for investment, efficient portfolio management and/or hedging purposes.  The use of FDIs exposes the Fund to additional risks, including volatility risk, management risk, market risk, credit risk and liquidity risk.  
  3. Investment involves risk. The Fund may expose its investors to capital loss. Investors should not base on this material alone to make investment decisions and should read the offering document for details, including the risk factors, charges and features of the Fund and its share classes.

Greater China equities: a long term growing story

A balanced long term growth

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

 

Good diversification

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

 

Complementary markets

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

 

Variation of the three markets5

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.

 

Taiwan market

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.

 

Bottom up approach to capture long-term structural trend opportunities7

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.

 

 

Manulife's investment expertise

22+ years

of track record8

 

40+

Equity investment experts in
the Greater China region9

 

AUM of

US$881.1million10

Unless otherwise stated, all information sources are from Manulife Investment Management, as of 31 December 2020

  1. Source: Bloomberg, as of 31 December 2020. 10-year performance in USD. Greater China was represented by MSCI Golden Dragon Index. China was represented by MSCI China Index. China A was represented by CSI300. Hong Kong was represented by MSCI Hong Kong Index. Taiwan was represented by MSCI Taiwan Index. Past performance is not indicative of future performance.
  2. Source: Bloomberg, as of 31 December 2020. Performance in USD. Greater China was represented by MSCI Golden Dragon Index. China was represented by MSCI China Index. China A was represented by CSI300. Hong Kong was represented by MSCI Hong Kong Index. Taiwan was represented by MSCI Taiwan Index. Past performance is not indicative of future performance.
  3. Source: Bloomberg, as of 31 December 2020. Greater China was represented by MSCI Golden Dragon Index. China was represented by MSCI China Index. China A was represented by CSI300. Hong Kong was represented by MSCI Hong Kong Index. Taiwan was represented by MSCI Taiwan Index. The above information may contain projections or other forward-looking statements regarding future events, targets, management discipline or other expectations. There is no assurance that such events will occur, and the future course may be significantly different from that shown here.The above yields do not represent the distribution yield of the Fund and are not an accurate reflection of the actual return that an investor will receive in all cases. A positive distribution yield does not imply a positive return.
  4. Source: China Academy of Information and Communications Technology, as of 11 January 2021. Projections or other forward-looking statements regarding future events, targets, management discipline or other expectations are only current as of the date indicated. There is no assurance that such events will occur, and if they were to occur, the result may be significantly different than that shown here.
  5. Source: MSCI, as of 31 December 2020. Mainland China market was represented by MSCI China Index; Hong Kong market was represented by MSCI Hong Kong Index; Taiwan market was represented by MSCI Taiwan Index.
  6. Source: IMF, as of 31 December 2019. In terms of nominal GDP.
  7. Source: Manulife Investment Management, as of 31 December 2020. Portfolio holdings and characteristics are subject to change at any time. Information about the asset allocation is historical and is not an indication of the future composition.
  8. Inception date of Manulife Global Fund – China Value Fund (Share Class A): 1 April 1998. Inception date of Manulife Global Fund – China Value Fund (Share Class AA): 19 April 2004.
  9. Source: Manulife Investment Management, as of 19 October 2020. Total is comprised of investment professionals of Manulife Investment Management, Manulife-TEDA Fund Management Co. Ltd., a 49% joint venture is a joint venture between Manulife Financial and Northern International Trust, part of the Tianjin TEDA Investment Holding Co. Ltd. (TEDA), and Mahindra Manulife Investment Management Private Limited, a 49% joint venture of Manulife and Mahindra AMC.
  10. Source: Manulife Investment Management (Asia), as of 31 December 2020. Figure reflects total Assets Under Management of Manulife Global Fund – China Value Fund Share Class A and AA.

 

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