The Company aims to provide long term capital growth by investment in companies which are quoted on the stock exchanges of Hong Kong, China and Taiwan or which derive a substantial part of their revenues or profits from these territories. The Company has the ability to use borrowing to gear the portfolio within the range of 10% net cash to 15% geared in normal market conditions.
The value of investments and the income from them can go down and up, and you may not get back as much as you paid in. Past performance is not a guide to the future.
For further risks associated with this trust please refer to the 'Key risks' section below.
Cumulative performance of an original investment of £100.
You should remember that past performance is not a guide to the future.
Source: J.P. Morgan Asset Management. Total return, net of charges and any applicable fees using cum income Net Asset Values (NAVs) debt at par with net dividend (if any) reinvested, in sterling. For detail see the Trust’s latest Report & Accounts.
Howard Wang, managing director, is a regional investment manager and head of the Greater China team which forms part of the Pacific Regional Group (PRG) in Hong Kong. In his role as head of Greater China, he manages portfolios investing in the China, Taiwan and Hong Kong markets, while also leading and coordinating the investment process for the PRG's Greater China-dedicated portfolio managers in both Hong Kong and Taipei. He also serves as the primary advisor and liaison with the investment team at JPMAM's Shanghai-based joint venture China International Fund Management.
Emerson Yip , managing director, is an investment manager and Hong Kong specialist with the Greater China team, which forms part of the Pacific Regional Group in Hong Kong. He joined the firm in 2006 after eight years at Newbridge Capital where he was a director responsible for managing funds dedicated to private equity investment opportunities throughout Asia.
Shumin Huang, managing director, is an investment manager and China country specialist with the Greater China team which forms part of the Pacific Regional Group in Hong Kong. She joined the firm in 2006 after eight years at Goldman Sachs, where she was managing director and head of the Asia-Pacific Energy and Chemicals team. Shumin began her career in 1992 when she joined UBS Taiwan as a research analyst in steel and financials, and transferred to Hong Kong in 1996 as director and head of Asia-Pacific chemical research in 1996.
William Tong, managing director, is an investment manager with the Greater China team which forms part of the Pacific Regional Group and took up current position as the chief investment officer in Taiwan in February 2009. He joined the firm in 2008. Immediately before joining the firm William spent eleven years with Goldman Sachs. He began his career with Goldman Sachs in Singapore as an executive director of European equity sales and was later appointed as head of Singapore equities sales desk in 2003. He moved to Taiwan in 2005 and was appointed head of Taiwan equities sales. William began his investment career in 1994 with Kay Hian James Capel with the European / Asian equity sales team. William obtained a Bachelor of Business Administration from the National University of Singapore.
Shares and debentures (if any) in an investment trust are not subject to the Financial Conduct Authority's (FCA) restrictions for marketing Non-mainstream Pooled Investment products, therefore investment trust products can be marketed to retails investors directly or via independent financial advisers.
For information on charges relating to this trust please check the Trust factsheet.
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