Product Goldstream Star Manager Series》 

 

China Equity Long Only Fund 

Interested clients can download “Goldstream Connect” to include this index into their portfolios or contact our client service team

Fund Highlights

  • Stable Long-term Return:The fund follows a clear investment strategy - buying quality names at a reasonable price and holding them until the company quality or stock price is no longer attractive. The strategy underpins long-term return of the fund.   

  • Index Enhancement:The fund benchmarks to MSCI Zhonghua, an index including both big and medium caps of Chinese companies listed in mainland China, Hong Kong, and the US.  The index generated an averaged annual return of 8.74% since inception in 1992 and 8.3% for the past three years.  Our fund has significantly outperformed the index since its inception.  

  • Deep-dive Due Diligence: The investment team on average visited more than 200 companies to form their investment ideas.

  • Understanding Rivals.  Global and local capital are both playing important roles in determining share prices of the big and medium cap names. Our investment team, after serving institutional investors for more than a decade, has developed a good understanding of both sides. 

  • Synergy with Hony: The investment team leverages Hony's extensive enterprise network in China and shares sector and macroeconomic insights.

 
 

Fund Manager: Frank Tian & Timothy Tsang 

  • Prior to joining Goldstream, the PMs have worked together for years at Aberdeen. Together they applied Aberdeen's investment principles in Chinese markets.

Fund Performance 

 

 Fund performance is restricted to investors only  

  • If you are an investor to this product, please try to download Goldstream Connect and access the fund information there. 

  • If you are a potential investor and would like to find out more about this product, please contact our client relations head Andrew Yin.

 

 

Fund Statistics

 Fund statistics are restricted to investors only  

  • If you are an investor to this product, please try to download Goldstream Connect and access the fund information there. 

  • If you are a potential investor and would like to find out more about this product, please contact our client relations head Andrew Yin.

 

Strategy Description

  • China Focused:  The fund focuses on investment opportunities brought by the rise of the Chinese economy. 

  • Investment Principles: Bottom-up stock picking to seek investment opportunities rising from 1) China's domestic consumption upgrade, technological upgrade and sectoral upgrade; 2) China's capital allocating to the global market, and 3) China's macro-economic and sectoral cyclical fluctuation.     

  • Investment Process- Quality First: The fund investment into quality companies only. Quality is assessed along with four dimensions: 1) uniqueness, robustness, and sustainability of the company's product lines and business models; 2) controlling shareholder and management team's mission, vision, value, execution, and incentive; 3) company's financial indicators; and 4) corporate governance (board structure, governance, and protection of minority shareholders).   

  • Investment Process - Valuation:  Market valuation is studied for each quality company with a  five-point system.  The fund is patient in building up positions gradually.

  • Risk Management:  The portfolio is diverse with a single name concentration limit (<10%) and sector concentration limit (<40%).  A flexible cash limit is allowed to mitigate the risk of extreme market conditions. The positions are held until company quality or valuation is no longer attractive.   

 

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业务及投资者关系主管,邮箱:andrewyin@goldstreamfund.com

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