DISCLAIMER

Important Information

  1. ZEAL Voyage China Fund constituted in the form of a unit trust established under the laws of Hong Kong. The Fund primarily invests in listed equities with a China focus.
  2. The Fund’s investments are concentrated in Mainland China and Hong Kong. This may result in greater volatility than portfolios which comprise broad-based global investments.
  3. Investing in emerging markets such as China involves a greater risk of loss than investing in more developed markets due to, among other factors, greater political, tax, economic, foreign exchange, liquidity and regulatory risks.
  4. The Fund may invest in derivative instruments and access products which may involve additional risks. (For example, counterparty, market and liquidity risk).
  5. HKD (dist) Units pay dividends on a semi-annual basis at the Manager’s discretion. Distributions will not be paid out of capital or effectively out of capital of this class of units. HKD (E dist) Units pay dividends on a bi-monthly basis at the Manager’s discretion. Dividend may be paid out of capital or pay out of gross income of the relevant Class (that is, income before taking into account any fees or expenses) while charging all or part of the relevant Class’s fees and expenses to the capital of the relevant Class, resulting in an increase in distributable income for the payment of dividends by the relevant Class and therefore, the relevant Class may effectively pay dividend out of capital. Payment of dividends out of capital or effectively out of capital amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment. Any distributions involving payment of dividends out of capital or effectively out of capital of the relevant Class (as the case may be) may result in an immediate reduction of the net asset value per Unit of the relevant Class. There is no guarantee that any distributions will be made and there is no target level of distribution payout.
  6. For currency hedged share classes, the currency hedging may not be a precise hedge and there is no guarantee that the hedging will be entirely successful.
  7. The RMB is not a freely convertible currency as it is subject to foreign exchange control policies and repatriation restrictions imposed by the PRC government. Such government policies and restrictions are subject to change, and there can be no assurance that the RMB exchange rate will not fluctuate widely against the US dollar or any other foreign currency in the future.
  8. The Fund may invest in other funds (including ETFs) which make direct investments in A-shares and there will be additional costs involved when investing into these underlying funds. This may involve additional risk (e.g. investment objective risk, conflicts of interest risk etc.). The Fund is also subject to performance fee risk which may adversely affect the Fund’s value.
  9. The Fund’s investment through the Stock Connect may involve additional risks (e.g. quota limitations, operational risk, suspension risk, regulatory risk, taxation risk etc). Investment in certain Mainland China securities may be subject to Mainland China tax risk.
  10. Investments involves risks. The Fund does not give any guarantees. You may lose part or all of your investments. You should not make investment decisions solely based on this website alone. Prior to investing, please refer to the Explanatory Memorandum of the Fund for details including risk factors. Past performance is not indicative of future performance. If you have any queries, please contact your financial advisor and seek professional advice.
  11. You should not invest in the Fund unless the intermediary who sold to you the interest in the Fund has advised you that the Fund is suitable for you and explained how it is consistent with your investment objectives.
Terms of Use

This website contains information about Zeal Asset Management Limited ("ZEAL") and the products and/or funds offered by ZEAL. This website is not directed to any person in any jurisdiction where the publication or availability of the ZEAL website is prohibited. Persons in respect of whom such prohibitions apply must not access the ZEAL website. These Terms of Use shall be governed in all respects by the laws of Hong Kong.

The information provided on this website should not be considered as an offer, or solicitation, to deal in any of the investments mentioned herein, by anyone in any jurisdiction in which such offer or solicitation would be unlawful or in which the person making such offer or solicitation is not qualified to do so or to anyone to whom it is unlawful to make such offer or solicitation.  Those who access this website do so on their own initiative and are therefore responsible for observing all applicable laws and regulations of their relevant jurisdictions before proceeding to access the information contained herein.

The information provided on the ZEAL website is not intended for distribution to, or use by, any person or entity in any jurisdiction or country that would subject ZEAL or its affiliates to any registration requirement within such jurisdiction or country.

While ZEAL takes care to ensure that the information on this website is accurate and up to date at the time of publishing, the information on this website is provided "as is" without any warranty of any kind. ZEAL shall not be liable for any losses or damages relating to adequacy, accuracy or completeness of any information on this website or the use of such information. The information on this website is being provided strictly for informational purposes only and does not constitute investment advice. All information contained herein may be changed or amended without prior notice.  Also, ZEAL is not responsible for any errors or omissions relating to information provided by any third party.

The posting of content and access to this website does not render, either explicitly or implicitly, any provision of services or products by us. The information is current as at the date of publication but is subject to change without notice. Some of the information contained herein including any expression of opinion or forecast has been obtained from or is based on sources believed by us to be reliable. The information is given on the understanding that any person who acts upon it or otherwise changes his or her position in reliance thereon does so entirely at his or her own risk without liability on our part.

Investment involves risks.  The fund does not give any guarantees.  Past performance is not a reliable indicator of its future performance. ZEAL does not guarantee the performance of any ZEAL funds, the return of an investor’s capital nor any specific rate of return. Value of investments can go down as well as up.  Prior to investing, please refer to the Explanatory Memorandum of the fund for details including risk factors.  You should ensure you fully understand the risks associated with the investment and should also consider your own investment objective and risk tolerance.  If you have any queries, please contact your financial advisor and seek professional advice.   

The information provided on this section of the site is not intended for U.S. citizens, U.S. residents or U.S. companies established under the laws of the United States. Nothing on this website constitutes an offer of securities for sale to any person in the United States. ZEAL funds have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act") or the securities laws of any of the states of the United States. Shares of each ZEAL fund may not be offered, sold or delivered directly or indirectly in the United States or to or for the account or benefit of any "US Person" except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the 1933 Act and any applicable state laws.

ZEAL funds are currently not registered under AIFM Directive of the European Union (the “EU”) or the United Kingdom (the “UK”) for marketing into the EU or the UK.

Interests in the products and/or funds offered by ZEAL are offered to investors who satisfy the eligibility criteria described in the Fund documents. An offer may only be made by means of the Private Placement Memorandum or Explanatory Memorandum which should be read in its entirety prior to investing. Nothing on this website constitutes a distribution solicitation, invitation, recommendation or offer to purchase a product offered by ZEAL or any ZEAL funds or as the basis for any investment decision.

The commentaries and/or views expressed herein are the views of the writer at the time of issue and may change over time.  Analyses contained herein are based on numerous assumptions which may cease to be valid over time.  No person should rely on the content and/or act on the basis of any matter contained on this website without obtaining professional advice. 

We reserve the rights to change, modify, add to, or remove portions of these terms of use at any time.

Cookies

ZEAL does not accept responsibility for any interference or damage to your own computer system, the records stored thereon or those of any other person, which arises in connection with your use of this website or any linked website. A cookie is utilized on this website. It allows your browser to check whether you have read and agreed to these Terms. The cookie does not contain any personally identifiable information. Unfortunately, if your browser is set up to reject cookies you will not be able to see the content of this website. All copyrights reserved and its contents including all information, graphics, code, text and design in this website are owned by ZEAL and should not be reproduced or distributed without its permission. These Terms are governed exclusively by the laws of Hong Kong Special Administrative Region and constitute the entire agreement between you and ZEAL in relation to the use of this website.

Hyperlinks

When you access certain links on our website, you may leave our website. ZEAL has not reviewed any of the websites linked to our website and does not endorse or accept any responsibility for the content of such websites nor the products, services or other items offered through these websites.

In addition, the content on the third party websites as well as any ZEAL’s Group Companies’ website may not be intended for persons located or residing in jurisdictions that restrict the distribution of such content and you should consult and carefully read the applicable terms and conditions before using the website(s).

Privacy Policy and Data Protection

ZEAL is committed to maintaining your personal data—that is, information relating to a living individual from whom it is practicable for the identity of the individual to be directly or indirectly ascertained- in accordance with the requirements of the Personal Data (Privacy) Ordinance and will take all reasonable steps to ensure that your personal data is kept secure against unauthorized access, loss, disclosure and destruction. Please be aware that this Statement replaces any notice or statement of similar nature issued by the Company previously, pursuant to the Personal Data (Privacy) Ordinance (the “Ordinance”). Zeal’s more detailed privacy policy document is detailed here.

Limitation of Liability on System and Transmission over the Internet

Zeal or its affiliates, or any of their respective directors, officers, employees or agents shall not liable for any event of Force Majeure, any virus or other harmful component affecting the website or any server that operates it, any interception of data or communications in connection with the public nature of the internet, any problems or technical malfunction of any telephone network or lines, computer online systems, servers or providers, computer equipment, software failure of any email or entry to be received on account of technical problems or traffic congestion on the Internet, telephone lines or at any website, or any combination thereof, including any loss of opportunities or profit arising from any time delay, system disruption or interruption, transmission blackout, delayed transmission or any incorrect data transmission, or any injury or damage to the computer or other electronic devices or property of any person accessing their website or any other person related to or resulting from accessing this website or downloading any materials from this website. 

Important Information for investors in Switzerland 

By accessing this website and the products, services, information and material contained or described herein, you acknowledge your agreement with and understanding of the following terms of use:

Access restricted to qualified investors

The foreign collective investment schemes accessible on this website have not been approved by the Swiss Financial Market Supervisory Authority (“FINMA”) for offering in Switzerland to non-qualified investors. They are only available to qualified investors within the meaning of the Article 10 para. 3 and 3ter of the Swiss Collective Investment Schemes Act of 23 June 2006, as amended from time to time (“CISA”) with domicile/registered seat in Switzerland, to the exclusion of any high-net-worth individuals and their private investment structures with an opting-out pursuant to the Article 5 para. 1 of the Swiss Financial Services Act (“FinSA”).

Therefore, you can only access this website (and the products, services, information and material contained herein) if you are a legal entity or an institution qualifying for the status of “qualified investor”.

The following entities / institutions are considered as qualified investors within the meaning of the CISA (hereinafter “Qualified Investor”): 

a.   financial intermediaries as defined in the Banking Act, the Financial Institutions Act and the CISA, i.e. banks, portfolio and collective asset managers (i.e. managers of (i) private financial assets, (ii) investment funds and (iii) assets of pension institutions), fund management companies, securities firms, trustees, collective investment schemes authorized by FINMA, representatives of foreign collective investment schemes;

b.  insurance companies as defined in the Insurance Supervision Act;

c.   foreign clients subject to prudential supervision as the persons listed above under a and b;

d.  central banks;

e.  national and supranational public entities with professional treasury operations;

f.   public entities with professional treasury operations;

g.   occupational pension schemes and other occupational pension institutions with professional treasury operations;

h.  companies with professional treasury operations;

i.    large companies, i.e. companies which exceed two of the following parameters:

      - balance sheet total of CHF 20 million;

      - turnover of CHF 40 million;

      - equity of CHF 2 million;

j.    private investment structures with professional treasury operations created for high-net-worth private clients;

k.   Swiss or foreign collective investment schemes which are not deemed institutional clients and which have opted out for the status of institutional clients within the meaning of FinSA.

By clicking on "Agree", you expressly confirm that:

- you have read, understood and agreed to the above terms of use;

- For investors in Switzerland, you are a Qualified Investor (as these terms are defined above) with registered seat or address in Switzerland.

Zeal Asset Management Limited is regulated by the Securities and Futures Commission of Hong Kong.

This website has not been reviewed by the Securities and Futures Commission of Hong Kong and may contain information of non-SFC authorized funds. Issued by Zeal Asset Management Limited.

© Copyright 2024 Zeal Asset Management Limited. All rights reserved.

*For Individual Investor

The website is intended for Hong Kong residents and corporations only. By proceeding to access information contained herein, you are deemed to be representing and warranting that you are either Hong Kong resident or are observing the applicable laws and regulations of the relevant jurisdictions. Non-Hong Kong residents and corporations should observe all applicable laws and regulations of their relevant jurisdictions before accessing the information contained herein. It is your responsibility to be aware of and to observe all applicable laws and regulations of any relevant jurisdiction.

I confirm that (i) I am not subject to any jurisdictional restrictions prohibiting access to information on regulated financial products or services, (ii) that I agree to be bound by the Terms of Use.

^For Institutional/Professional Investor

This website is only directed at Institutional and/or Professional Investors as defined in the relevant jurisdiction. Retail investors resident in Hong Kong and those residents or domiciled in territories other than Hong Kong should not access this website.

I confirm I am an Institutional / Professional Investor. I have read, understood and agree to be bound by the Terms of Use; and I am not subject to any jurisdictional restrictions prohibiting access to information on unregulated financial products or services.

Eng
Products

HKD (E Dist) Units

Important Information

  • ZEAL Voyage China Fund constituted in the form of a unit trust established under the laws of Hong Kong. The Fund primarily invests in listed equities with a China focus.
  • The Fund’s investments are concentrated in Mainland China and Hong Kong. This may result in greater volatility than portfolios which comprise broad-based global investments.
  • Investing in emerging markets such as China involves a greater risk of loss than investing in more developed markets due to, among other factors, greater political, tax, economic, foreign exchange, liquidity and regulatory risks.
  • The Fund may invest in derivative instruments and access products which may involve additional risks. (For example, counterparty, market and liquidity risk).
  • HKD (dist) Units pay dividends on a semi-annual basis at the Manager’s discretion. Distributions will not be paid out of capital or effectively out of capital of this class of units. HKD (E dist) Units pay dividends on a bi-monthly basis at the Manager’s discretion. Dividend may be paid out of capital or pay out of gross income of the relevant Class (that is, income before taking into account any fees or expenses) while charging all or part of the relevant Class’s fees and expenses to the capital of the relevant Class, resulting in an increase in distributable income for the payment of dividends by the relevant Class and therefore, the relevant Class may effectively pay dividend out of capital. Payment of dividends out of capital or effectively out of capital amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment. Any distributions involving payment of dividends out of capital or effectively out of capital of the relevant Class (as the case may be) may result in an immediate reduction of the net asset value per Unit of the relevant Class. There is no guarantee that any distributions will be made and there is no target level of distribution payout.
  • For currency hedged share classes, the currency hedging may not be a precise hedge and there is no guarantee that the hedging will be entirely successful.
  • The RMB is not a freely convertible currency as it is subject to foreign exchange control policies and repatriation restrictions imposed by the PRC government. Such government policies and restrictions are subject to change, and there can be no assurance that the RMB exchange rate will not fluctuate widely against the US dollar or any other foreign currency in the future.
  • The Fund may invest in other funds (including ETFs) which make direct investments in A-shares and there will be additional costs involved when investing into these underlying funds. This may involve additional risk (e.g. investment objective risk, conflicts of interest risk etc.). The Fund is also subject to performance fee risk which may adversely affect the Fund’s value.
  • The Fund’s investment through the Stock Connect may involve additional risks (e.g. quota limitations, operational risk, suspension risk, regulatory risk, taxation risk etc). Investment in certain Mainland China securities may be subject to Mainland China tax risk.
  • You may lose part or all of your investment . You should not invest in the Fund solely based on this information. Prior to investing, please refer to the Explanatory Memorandum of the fund for details including the risk factors.
  • The ZEAL Voyage China Fund HKD (E Dist) Units aims to pay a bi-monthly dividend which helps investors obtain a potential source of income.
  • Dividends will be declared after the end of February, April, June, August, October and December of each year.
  • Distributions may be paid out of capital or effectively out of capital of this class of units. There is no guarantee that any distributions will be made and there is no target level of distribution payout, see Important Information bullet 5.
  • Other unit classes are also available for this fund. Please refer to the Explanatory Memorandum in the “Downloads” section of this webpage.
HKD (E DIST) UNITS DIVIDEND RECORD
Record Date (DD/MM/YY)Dividend per Unit (HKD)Dividend paid out of net distributable income 1Dividend paid out of capitalNAV on Record Date (HKD)Annualized Yield (%) 2
28/06/20240.00810%100%0.98205.00%
Warning: Please note that a positive distribution yield does not imply a positive return. Investors should not make any investment decisions solely based on the information contained in the table above. You should read the relevant offering document (including the key facts statement) of the fund for further details including the risk factors.
1 “Net distributable income” means the net investment income (ie, dividend income and interest income net of fees and expenses) attributable to the relevant unit class and may also include net realised gains (if any) based on unaudited management accounts. However, “net distributable income” does not include net unrealised gains. “Net distributable income” which is not declared and paid as dividends in a period of a financial year can be carried forward as net distributable income for the next period(s) within the same financial year. “Net distributable income” that has been accrued as at the end of a financial year and is declared and paid as dividends on the next distribution date immediately after that financial year end could be treated as “net distributable income” in respect of that financial year. However, “net distributable income” which has been accrued as at the end of a financial year but is not declared and paid as dividends on the next distribution date immediately after that financial year end should be included as “capital” for the next financial year. Where the relevant unit class may pay dividends out of gross income while charging/paying all or part of the relevant unit class’ fees and expenses to / out of capital, the amount of fees and expenses that has been paid out of capital has to be deducted from the gross investment income in order to come up with the “net distributable income”.
2 HKD (E dist) Units pay dividends on a bi-monthly basis at the Manager’s discretion. Distributions are not guaranteed and may fluctuate. Investors should note that annualized dividend figures are estimated and for reference purpose only. Annualized yield (%) = [(1+dividend per unit/ex-dividend NAV)^distribution frequency]–1
Investments involve risks. Like most funds, the Fund does not have any guarantees. You may loss part or all of your investments. You should not make investment decision solely based on this information. Prior to investing, please refer to the Explanatory Memorandum of the Fund for details including risk factors. Past performance is not indicative of future performance. If you have any queries, please contact your financial advisor and seek professional advice. This web page is published by Zeal Asset Management Limited and has not been reviewed by the Securities and Futures Commission.