Lotus Asia Selection I
Status: 05/16/2024
Fund profile
| ISIN | DE000A3E3YG8 |
|---|---|
| WKN | A3E3YG |
| Inception date | |
| Total fund assets | 10.4 M EUR |
| Fund currency | EUR |
| Current issue price | EUR98.17 (05/17/2024) |
| Current return price | EUR98.17 (05/17/2024) |
| Annual high (redemption price) | EUR98.17 (05/17/2024) |
| Annual low (redemption price) | EUR90.67 (01/09/2024) |
| Performance current year | 6.20 % (05/17/2024) |
| ø Performance
Since launch p.a. |
-1.63 % (05/17/2024) |
| Issue charge | 0.00 % |
| Redemption charge | 0.00 % |
| End of fiscal year | Nov 30 |
| Dividend | Accumulating |
| Total expense ratio | 1.32 % p.a. |
| Management fee | therefrom 1.15 % p.a. |
| Custodian fee | therefrom 0.05 % p.a. |
| Capital accumulation benefits capable | no |
| Savings plan | no |
| Single payment | yes (min EUR250,000.00) |
| Conformity | yes |
| Registered for distribution | DE |
Comment
In April, the Vietnamese stock market experienced a substantial -8 % correction (in USD). This decline was mainly attributed to several factors, including political tensions among high-ranking Vietnamese government officials, a strengthening USD relative to the Vietnamese Dong (VND), capital outflows of foreign funds and ETFs and an ongoing anticorruption campaign. Vuong Dinh Hue, Chief of Parliament, resigned a few weeks after the president¿s departure, amidst the internal anticorruption efforts within the government. The Vietnamese Dong (VND) depreciated by approximately 2 % against the USD, reaching a new high of VND 25,333 per USD. On the flip side, the weakened VND would be beneficial for the upcoming revenue of companies in the export sectors such as furniture, garment, and agriculture products. Despite the overall market decline, two companies on our long-term watchlist FPT and CMC gained strongly in April due to their better-than-expected Q1 2024 results as well as announced plans to work with US chips companies in the AI field. FPT plans to invest $200 million in constructing an AI Factory that integrates technology from U.S. chipmaker Nvidia. The factory, designed as a sovereign cloud, won¿t manufacture hardware; instead, it will concentrate on AI research and development, fostering applications and solutions in generative AI, autonomous driving, and ESG transformation.
04/30/2024
Opportunities
Over the long term, equities can offer a significantly higher return than, for example, money market investments or bonds. Equities in the Asia-Pacific region offer higher upside potential than large standard equity markets. The focus on all-cap equities in the Asia-Pacific region allows access to the entire investment universe of this region and thus offers optimal stock picking opportunities and diversification benefits for the portfolio. Investment approach: A long-term investment horizon (>3 years) and a concentrated portfolio of approx. 25-30 stocks with a fundamental "bottom-up" investment approach enable attractive returns. Long-term experience, regular on-site company visits and in-depth know-how in Asian-Pacific companies provide promising expertise.
Risks
Share prices, especially in Asian and Pacific markets, may be subject to strong fluctuations. Price losses or a total loss in individual stocks are possible. A high concentration of the portfolio may increase the risk of loss. The shares in the fund are listed in foreign currencies. Currency fluctuations may occur, which may result in price losses in EUR. The fund may use derivatives to a limited extent. Increased opportunities are accompanied by increased risks of loss. Hedging may also reduce the fund's chances of making a profit. The Fund may be the victim of fraud or other criminal activity. The loss of trading persons may result in an adverse effect on investment performance. Custody Risks: There may be a risk of loss associated with the safekeeping of assets, particularly abroad, which may result from insolvency, breaches of duty of care or abusive conduct by the custodian/sub-custodian. The Fund may enter into various transactions with counterparties. If a contractual partner becomes insolvent, it may no longer be able to settle outstanding claims of the fund or may only be able to settle them in part. Information on further risks can be found in the PRIIPS and the VKP.
- Information on further risks can be found in the KID and the VKP.
- In particular, the fund shows increased fluctuations in the unit price due to its composition and the possible use of derivatives.
This is detail text.