Hong Kong (香港), Individual
Change
Press Release
The four fund offerings provide individual investors with capital growth opportunities, designed to leverage long-term structural change and attractive fundamentals, with focuses on education, sustainability, and brand power.
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 Next Generation Global Equity Fund, Wellington Next Generation Education Fund and Wellington Sustainable Outcomes Fund follow an environmental, social and governance (ESG) investment approach, which may cause the funds to be overweight and/or underweight in certain countries, regions or sectors and thus perform differently than funds that have a similar objective but which do not incorporate sustainability investment criteria when selecting securities. The value of the funds will be more volatile than that of a fund having a more diverse portfolio of investments. The funds may also be exposed to other risks relating to ESG/sustainable investment approach including exclusion risk, reliance on corporate data or third-party information.
- The Wellington Next Generation Education Fund primarily invests in securities issued by companies that contribute to education. The value of the fund may be more volatile than that of a fund having a more diverse investment portfolio. Investments in education are subject to risks of intense competition, lack of innovative education models and innovative financing structure.
- Some funds may at its discretion distribute dividend and payment of dividend out of capital and/or effectively out of capital which 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, 5 December 2023 – Wellington Management (“Wellington” or the “Firm”), one of the world’s largest independent investment management firms, today announced the registration of four fund offerings in Hong Kong – Wellington Next Generation Education Fund, Wellington Next Generation Global Equity Fund, Wellington Sustainable Outcomes Fund, and Wellington US Brand Power Fund. Managed by seasoned portfolio managers, these funds provide capital growth opportunities through unique thematic exposure, expanding the firm’s suite of investment products first registered in 2022.
Samuel Hui, Wellington’s Managing Director, Asia Pacific, Global Wealth Management Group, commented, “The expansion of our fund range reflects our commitment to the mass affluent and wealth segments, which is of strategic importance for the firm. The investment funds enable clients to capitalise on potentially high growth areas that we believe are typically overlooked by traditional indices: the democratisation of education; companies that may benefit from sustainable economic development; companies that drive measurable change resulting in positive social and environmental outcomes; and high-quality US companies with strong brands.”
In particular, the two Next Generation funds combine Wellington’s strong expertise on environmental, social and governance (“ESG”) and unique interpretation of thematic investing. Hui added, “The funds underscore the in-depth and diverse perspectives of Wellington’s proprietary investment research teams, including our ESG-research capabilities, leveraging the firm’s longstanding effort that aims to identify high impact and differentiated investment themes which we believe will unfold within the next decade.”
Wellington continues to expand its UCITS offerings across equities, fixed income and multi-asset strategies for the wealth channel in Asia, one of the fastest-growing sectors in the firm’s regional operations.
“This year marks our 20th year in Hong Kong and looking ahead, I am confident we will continue to offer funds to meet the growing demand and varied interests of investors,” said Hui.
Fund Summaries
Wellington Next Generation Education Fund | Managed by Simon Henry, an expert in global thematic investing, the Fund is actively managed and seeks long-term total returns in excess of the MSCI All Country World Index. It primarily invests in companies that enable the provision of education and vocational training services and are positioned to benefit from drivers of structural change across global developed and emerging markets. The Fund has been included to the list of ESG funds in Hong Kong1. |
| Wellington Next Generation Global Equity Fund | Managed by Daire Dunne and Simon Henry, experts in global thematic investing, the Fund is actively managed and seeks long-term total returns in excess of the MSCI All Country World Index. It primarily invests in a diversified portfolio of global companies positioned to benefit from themes relating to the next generation of structural changes and sustainable economic development. The Fund has been included to the list of ESG funds in Hong Kong1. |
Wellington Sustainable Outcomes Fund | Managed by Tara Stilwell, an expert in impact investing, the Fund seeks long-term total returns in excess of the MSCI All Country World Index. The Fund is actively managed, investing primarily in companies that are driving measurable change that results in positive social and environmental outcomes. The Fund’s proprietary thematic framework consists of themes, grouped under three sustainability categories (life essentials, human empowerment, and the environment), which are broadly aligned with the UN Sustainable Development Goals. The Fund is classified as an Article 9 fund under the EU’s Sustainable Finance Disclosure Regulations. The Fund has been included to the list of ESG funds in Hong Kong1. |
Wellington US Brand Power Fund | Managed by Doug McLane, an expert in growth investing, the Fund is an actively managed equity fund, seeking long-term total returns in excess of the S&P 500 Index. The Fund’s investment approach is based on the view that the power of a company’s brand is the key determinant of long-term value. We look to identify companies with strong brands that also display attractive fundamentals and risk-adjusted return potential. |
*More details about the funds and their applicable risks can be found here.
About Wellington Management
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 countries and regions. The firm manages more than US$1 trillion for pensions, endowments and foundations, insurers, family offices, fund sponsors, global wealth managers, and other clients(as of 30 September 2023). Wellington aspires to provide excellent service to clients through a unique combination of independence enabled by its distinctive private partnership model, diverse perspectives through its unified, multi-asset investment platform, and relentless curiosity and intellectual rigor fostered by its enduring collaborative culture.
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, please visit https://www.wellington.com/en-hk/individual.
Media Contact
Belmont Communications on behalf of Wellington Management Hong Kong
Ran Mo / Holly Huang
E: wmc.asia@belmontcomms.co
T: +852 2824 8418
1 Please note that inclusion on the list does not constitute an SFC official recommendation or endorsement of these products or a guarantee of their ESG attributes or related performance. SFC authorization does not mean the product is suitable for any particular investor. For more details, please refer to: https://www.sfc.hk/en/Regulatory-functions/Products/List-of-ESG-funds
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).
© 2024 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. The Overall Morningstar Rating for a fund is derived from a weighted average of the three, five, and ten year (if applicable) ratings, based on risk-adjusted return. Past performance is no guarantee of future results.
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.
