Asset classes
Hong Kong (香港), Individual
Change
Press release
Wellington Management expands wealth coverage in Asia with the launch of four new funds in Hong Kong, offering individual investors solutions focused on income distribution, diversification and capital growth opportunities.
Important Information
- Investment involves risk. Past Performance does not guarantee future returns.
- Investments may fall in value and therefore your investment in the funds may suffer losses. There is no guarantee of the repayment of principal.
- Investors should not make investment decisions based on this document alone. Investors should refer to the Prospectus and Key Facts Statement of the relevant funds for details including risk factors.
- Some funds may use financial derivative instruments (FDIs) for investment and/or hedging purposes. Exposure to FDIs may lead to a high risk of significant loss.
- Equity funds may be exposed to a range of risks including general equity market risks, currency risks, political risk, hedging risks, tax risk, conversion risk, risks relating to REITs, risks relating to the use of Stock Connect and geographic concentration risks. Some funds have concentrated exposures for example in a single market (e.g. the US), industry, sector, theme or number of securities held and may experience greater volatility.
- Funds which invest in credit market and debt securities are exposed to risks relating to credit instruments, fixed income and other debt securities including but not limited to counterparty risks, interest rate risks, volatility and liquidity risks, downgrading risks, risk associated with debt securities rated below investment grade or unrated, sovereign debt risk, valuation risk and credit rating risk. High yield securities are also considered more speculative as it generally entails increased credit and market risk.
- Funds which invest in emerging markets are exposed to greater volatility risks, political risks, and economic risks.
- Funds which invest in debt securities with loss absorption features are subject to greater risk in comparison to traditional debt instruments.
- Funds may also be exposed to currency risks where the underlying investments of the funds may be denominated in currencies other than the base currency of the Funds or the share class(es).
- The Wellington Multi-Asset High Income Fund uses a dynamic asset allocation strategy which may incur greater transaction costs when rebalanced periodically.
- Some funds may at its discretion distribute dividend and payment of dividend out of capital and/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 such distributions may result in an immediate reduction of the Net Asset Value per share.
Hong Kong, 16 June 2022 – Wellington Management (“Wellington” or the “Firm”), one of the world’s largest independent investment management firms, today announced the launch of four new investment funds in Hong Kong. The four UCITs funds (one growth fund, three income funds) will be available to retail investors in Hong Kong for the first time, extending the Firm’s offering in Asia and global institutional investment capabilities to this segment.
Scott Geary, Wellington’s Senior Managing Director and Head of Client Group for Asia Pacific, said, “Hong Kong is integral to our Asia strategy and today’s launch is a natural client-servicing progression and an extension of our business commitment to the market. Our partners are increasingly merging their private banking and consumer banking units globally – and are looking for products that can be offered across their private and mass affluent client base.”
Wealth management is one of the fastest growing segments of Wellington’s business globally and in Asia. The newly launched funds offer this segment core building blocks of a well-diversified portfolio, with its focus on capital growth and income distribution. In addition, the funds evaluate sustainability risks through the analysis of ESG factors as part of the broader investment process and as an integral part of the Firm’s investment philosophy1.
“The four funds are modelled on strategies that have been successful in the US and Europe over a multi-year period. Given the positive demand we are seeing for the asset classes these funds cover, coupled with the long track record of each fund’s portfolio managers2, we are immensely excited about bringing these competitive offerings to Hong Kong. Retail investors are becoming more particular in what they invest in, showing a growing appetite for products that are supported by a deep research-based platform and are focused on diversification and growth opportunities – something that Wellington, and our history of investment excellence, is well-placed to provide,” said Samuel Hui, Wellington’s Managing Director, Asia Pacific, Global Wealth Management Group.
Wellington continues to build a comprehensive UCITS range across equities, fixed income and multi-asset for the wealth channel in Asia. The funds’ authorisation3 in Hong Kong is part of Wellington’s expansion in the region’s wealth channel and follows an earlier launch of retail funds in Singapore at the end of last year, which includes these four funds. The Firm is also looking to add strategies from its flagship sector, research and thematic offerings, including dedicated sustainability and ESG-integrated solutions.
Fund Summaries
Growth | Wellington US Quality Growth Fund | Managed by quality growth expert John Boselli, the Fund seeks long-term total returns. The Fund is actively managed against the S&P 500 Index, aiming to achieve the objective through exposures to US company equity securities. Stock selection emphasizes the combination of growth, valuation, capital return and quality criteria. |
Income | Wellington Global Property Income Fund | Managed by real estate specialists Bradford Stoesser and Xiaobo Ma, the Fund seeks long-term total returns in excess of the FTSE EPRA/NAREIT Developed Dividend+ Index, with an additional focus on regular income. The Fund invests globally, primarily in quoted equity securities of companies or REITs (or equivalents) listed or traded on a regulated market, which derivethe main part of their revenue from the ownership, management and/or development of real estate. |
Income | Wellington Credit Income Fund | Led by multi-sector credit specialists Campe Goodman and Rob Burn, the Fund allocates dynamically across a broadly diversified portfolio of credit instruments, such as corporate bonds, bonds (both high yield and investment grade), structured credit, emerging markets debt, and convertible bonds, while restricting exposures to fossil fuels, conventional weapons, tobacco and cannabis. |
Income | Wellington Multi-Asset High Income Fund | Managed by multi-asset portfolio manager Peter Wilke, the Fund provides a diversified exposure to income-producing assets while potentially delivering capital growth. The Fund is managed actively across a broad array of global assets, including equities, and sovereign, corporate and inflation-linked bonds, both directly and via derivatives. |
*More details about the funds and their applicable risks can be found here.
About Wellington Management
Tracing its history to 1928, Wellington Management is one of the world’s largest independent investment management firms, serving as a trusted adviser to over 2,400 clients in more than 60 markets. The firm manages more than US$1.3 trillion for pensions, endowments and foundations, insurers, family offices, fund sponsors, global wealth managers, and other clients (as of 31 March 2022). As a private partnership whose only business is investment management, the firm is able to align its long-term views and interests with those of its clients. The firm offers comprehensive investment management capabilities that span nearly all segments of the global capital markets, including equity, fixed income, multi-asset, sustainable investing, and alternative strategies. With more than 900 investment professionals located in offices around the world, Wellington pairs deep multi-disciplinary research resources with independent investment teams operating in an entrepreneurial “boutique” environment.
The Wellington Management Hong Kong office opened in 2003 and has over 100 experienced professional staff representing a broad range of functions, including investment management and research, global relationship management, product management, and legal and compliance. Its investment professionals manage assets for clients both regionally and globally, and conduct research that is used by portfolio managers and analysts across the firm’s locations. In the North Asia region, the firm is a solutions provider for institutional clients, including public entities, corporate pensions, family offices, private banks, and mutual fund sponsors. For more information about its Hong Kong office, please visit https://www.wellington.com/en-hk/individual.
Media Contact
Belmont Communications on behalf of Wellington Management Hong Kong
Anni Li / Holly Huang
E: wmc.asia@belmontcomms.co
T: +852 2824 8418
1 Evaluation of ESG (Environmental, Social, Governance) factors in the investment process does not imply the funds incorporate ESG factors as a key investment focus. The funds are not authorised as ESG funds by the Securities and Futures Commission, nor are they being marketed as ESG funds.
2 Track record of portfolio managers range from 12 to 36 years of experience.
3 The authorisation of any of the Funds by the SFC does not imply official approval or recommendation.
DISCLOSURE
This material and its contents may not be reproduced or distributed, in whole or in part, without the express written consent of Wellington Management. This document is intended for information purposes only. It is not an offer or a solicitation by anyone, to subscribe for shares in Wellington Management Funds (Luxembourg) III SICAV (the Fund). Nothing in this document should be interpreted as advice, nor is it a recommendation to buy or sell shares. Investment in the Fund may not be suitable for all investors. Any views expressed are those of the author at the time of writing and are subject to change without notice. Investors should carefully read the Key Facts Statement (KFS), Prospectus, and Hong Kong Covering Document for the Fund and the sub-fund(s) for details, including risk factors, before making an investment decision. Other relevant documents are the annual report (and semi-annual report).
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Issued by Wellington Management Hong Kong Limited. Investment involves risk. Past performance is not indicative of future performance. This document has not been reviewed by the Securities and Futures Commission of Hong Kong.
