This website contains information about VL Asset Management Limited ("VLAM") and the services and funds offered by VLAM.
This website is not directed to any person in any jurisdiction where the publication or availability of the VLAM website is prohibited. Persons in respect of whom such prohibitions apply must not access the VLAM website.
Any document and all the information, material and data set out herein (collectively “the Content”) may contain confidential and/or privileged material and is/are rendered on an entirely without prejudice basis. Any review, retransmission, dissemination, copying, reproduction or other use of, or taking of any action in reliance upon, the Content or any part thereof by any person or entity other than the intended recipient is strictly prohibited. The Content shall not in any way affect or prejudice the respective rights, obligations and liabilities (if any) of VLAM and its affiliates, including VL Trusts, (collectively “the Group”) and any entity or party named, mentioned and/or referred to herein (if the context so permits or requires and where applicable, the Group refers to VLAM). Any rating, certification or award as mentioned and/or appearing in the Content may belong to a particular entity as specified in the Content. Whilst we have endeavored to ensure those parts of the Content that are sourced externally and disclosed as such to be accurate, complete and up-to-date and we have reasonable belief that that is so, readers of this website are encouraged to read more about the markets and investments mentioned herein before making any investment decision.
In particular, readers should be aware of the concentration of the fund's investments in China and Hong Kong giving rise to possibly greater volatility compared with broad-based global funds. You should note too that VLAM, as manager of the fund, is entitled to receive performance fees under certain conditions, that such fees may encourage a manager to make riskier investment decisions than in the absence of performance-based incentive systems and that you should familiarize yourself with the method of calculating such fees.
The Content has been prepared for reference only and neither the information nor any opinion contained herein constitutes a distribution, an offer to sell or the solicitation of an offer by the Group.
Without prejudice to the generality of the foregoing, the Content does not constitute, and may not be used for the purposes of, an offer or solicitation to anyone in any jurisdiction or country in which such offer or solicitation is not authorized or to any person to whom it is unlawful to make such offer or solicitation or where such offer or solicitation would be contrary to law or regulation or which would subject the Group to any registration requirement within such jurisdiction or country.
The Group and persons associated with it may have positions in and/or engage in transactions related to the markets referred to in the Content.
The Group may have relationship with any entity or party named, mentioned and/or referred to herein. Managers of the underlying portfolios may have an equity stake in the underlying portfolios which they manage. Conflicts of interest cannot be ruled out at the level of the underlying portfolios.
To the best of the knowledge, information and belief of the Group, all information contained herein is accurate as at the date of publication.
Under no circumstances may the information contained herein, or any part thereof, be copied, reproduced or redistributed without the express permission and written consent of the Group.
The price of securities (including any unit trust) may go down as well as up and past performance figures shown are not indicative of future performance.
The Group 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. All copyrights reserved and its contents including all information, graphics, code, text and design in this website are owned by the Group 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 the Group in relation to the use of this website.
When you access certain links on our website you may leave our website. The Group 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.
The Group is committed to maintaining your personal data 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”). Our detailed privacy policy statement is available at our website.
VL Asset Management Limited is regulated by the Securities and Futures Commission of Hong Kong (SFC).
This website has not been reviewed by the SFC and may contain information of non-SFC authorized funds issued by VLAM.
SFC authorization is not a recommendation or endorsement of a scheme nor does it guarantee the commercial merits of a scheme or its performance. It does not mean the scheme is suitable for all investors nor is it an endorsement of its suitability for any particular investor or class of investors.
The information contained herein should not be considered to be legal, tax, investment or other advice and each prospective investor should consult his/her own stockbroker, financial adviser, bank manager, solicitor, accountant or other professional adviser in respect of matters concerning his/her investment.
The information is current as at the date of publication but is subject to change without notice.
For Swiss Qualified Investors:
Definition of Qualified Investor as per Art. 10 CISA (Collective Investment Scheme Act) :
Paragraph 3
Regulated financial intermediaries such as banks, securities traders, fund management companies and asset managers of collective investment schemes, as well as central banks; regulated insurance institutions; public entities and retirement benefits institutions with professional treasury operations; companies with professional treasury operations.
Paragraph 3bis
High-net-worth individuals may declare in writing that they wish to be deemed qualified investors. In addition, the Federal Council may make such persons’ suitability as qualified investors dependent on certain conditions, specifically technical qualifications.
Paragraph 3ter
Investors who have concluded a written discretionary management agreement as defined in Article 3 Paragraph 2b and c are deemed qualified investors.
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本网站包含有关VL资产管理有限公司（“VLAM”）以及VLAM提供的服务和基金的信息。
本网站不面向任何禁止发布或提供VLAM网站的司法管辖区内的任何人。此类禁令适用的人员不得访问VLAM网站。
本协议所列的任何文件和所有信息、材料和数据（统称为“内容”）可能包含机密和/或特权材料，并且是在完全无偏见的基础上提供的。严禁任何个人或实体（非预期接收方）对内容或其任何部分进行任何审查、转载、传播、复制、复制或以其他方式使用，或采取任何依赖于内容的行动。内容不得以任何方式影响或损害VLAM及其附属公司（包括VL信托公司）（统称为“集团”）以及本文中提及、提及和/或提及的任何实体或方的各自权利、义务和责任（如有）（如果上下文允许或要求，且适用时，集团指VLAM）。内容中提及和/或出现的任何评级、认证或奖励可能属于内容中指定的特定实体。尽管我们已努力确保从外部获取并披露的内容部分准确、完整和最新，我们有理由相信这是正确的，但我们鼓励本网站的读者在做出任何投资决策之前阅读更多关于本网站提及的市场和投资的信息。
特别是，读者应该意识到，与基础广泛的全球基金相比，该基金的投资集中在中国和香港，可能会引起更大的波动。您还应该注意到，作为基金经理的VLAM在某些条件下有权收取绩效费，这些费用可能会鼓励经理做出比没有绩效激励制度时更具风险的投资决策，您应该熟悉计算这些费用的方法。
内容仅供参考，本文所含信息或任何意见均不构成集团的分销、出售要约或要约邀请。
在不影响前述一般性的情况下，内容不构成，也不得用于以下目的：，向任何司法管辖区或国家的任何人发出要约或招揽，而该等要约或招徕在该司法管辖区内未经授权，或向任何人发出该要约或招募是非法的，或该要约或邀请将违反法律或法规，或会使集团在该司法辖区或国家内受到任何注册要求。
集团及其关联人员可能在内容中提及的市场中持有头寸和/或从事与该市场相关的交易。
集团可能与本协议中指定、提及和/或提及的任何实体或方存在关系。基础投资组合的经理可能在其管理的基础投资组合中拥有股权。不能在基础投资组合层面排除利益冲突。
就本集团所知、所知和所信，本文件所含的所有信息在发布之日均准确无误。
在任何情况下，未经本集团明确许可和书面同意，不得复制、复制或重新分发本文所含信息或其任何部分。
证券（包括任何单位信托）的价格可能下跌，也可能上涨，所显示的过去业绩数据并不代表未来业绩。
本集团不承担因您使用本网站或任何链接网站而对您自己的计算机系统、存储在其中的记录或任何其他人的记录造成的任何干扰或损坏的责任。此网站上使用了cookie。它允许您的浏览器检查您是否已阅读并同意这些条款。cookie不包含任何个人身份信息。本网站保留的所有版权及其内容，包括所有信息、图形、代码、文本和设计，均归本集团所有，未经本集团许可，不得复制或传播。这些条款完全受香港特别行政区法律管辖，并构成您与本集团就使用本网站达成的完整协议。
当您访问我们网站上的某些链接时，您可以离开我们的网站。集团未审查任何与我们网站链接的网站，也不对此类网站的内容以及通过这些网站提供的产品、服务或其他项目承担任何责任。
本集团致力于按照《个人数据（隐私）条例》的要求维护您的个人数据，并将采取一切合理措施确保您的个人信息不受未经授权的访问、丢失、披露和破坏。请注意，本声明取代公司之前根据《个人数据（隐私）条例》（“条例”）发布的任何类似性质的通知或声明。我们的网站上提供了详细的隐私政策声明。
VL资产管理有限公司受香港证券及期货事务监察委员会（证监会）监管。
本网站未经证监会审查，可能包含VLAM发行的非证监会授权基金的信息。
香港证券及期货事务监察委员会的授权并非对某项计划的推荐或认可，也不保证该计划的商业价值或其表现。这并不意味着该计划适合所有投资者，也不是对其适合任何特定投资者或投资者类别的认可。
此处包含的信息不应被视为法律、税务、投资或其他建议，每个潜在投资者应就其投资事宜咨询自己的股票经纪人、财务顾问、银行经理、律师、会计师或其他专业顾问。
该信息在发布之日是最新的，但如有更改，恕不另行通知。
对于瑞士合格投资者：
符合CISA第10条（集体投资计划法）的合格投资者定义：
第3段
受监管的金融中介机构，如银行、证券交易商、基金管理公司和集体投资计划的资产管理人以及中央银行；受监管的保险机构；具有专业财务运作的公共实体和退休福利机构；拥有专业资金运作的公司。
第3bis段
高净值人士可以书面声明，他们希望被视为合格投资者。此外，联邦委员会可根据某些条件，特别是技术资格，确定这些人是否适合作为合格投资者。
第3段之三
已签订第3条第2b款和第c款定义的书面全权管理协议的投资者被视为合格投资者。
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本網站載有關於以立投資管理有限公司（「以立」）的資料以及所提供的服務及基金資料。
本網站之信息並非提供予位處或居住於限制以立網站發佈或供瀏覽之管轄範圍人士。受此限制的人士不得登入以立網站。
本網站提供的任何文件及一切資料、材料及數據(下稱「本內容」)或載有機密及/或特權的材料，並以絕對公平形式發放。除指定的接收人士外，任何人或實體均嚴禁審閱、轉發、發放、複印、複製本內容或其任何部份或將之用作其他用途或依賴其而作出任何行動。無論在任何情況下，本內容均不得影響或損害以立及以立信託基金(合稱「本集團」)及任何實體或於本網站被點名、提及和/或指稱的任何一方(如文意允許或規定，而情況並不適用，則本集團指以立)之個別權利、義務及責任(如有)。於本內容中被提及和/或出現的任何評級、核證或獎項或屬於在本內容中指定的某一實體。本集團盡力確保本內容中來自外界之部份完整無缺並屬最新，而在披露時亦然，且我們亦有理由相信事實如此，惟本網站鼓勵瀏覽者在作出任何投資決定前，除留意本內容外，更應多了解本網站提及之市場及投資。
閣下尤其須注意本基金集中投資於中國及香港，使其相比覆蓋地域較廣泛的環球基金可能較為波動。閣下亦應留意，本公司作為本基金之經理人，可按照若干條件收取表現費，而相對於在沒有表現費制度的情況下，表現費制度或鼓勵經理人就本基金作出較高風險的投資，閣下應熟悉有關費用的計算方法。
本內容僅供參考，本網站所載的資料或意見並不構成本集團或其附屬成員作出分銷、邀約或招攬。
在不損害上文所述之一般性下，本內容不構成作出邀約或招攬，亦不可作為有關用途，對象包括身處司法管轄區或國家禁止被邀約或招攬之人士、或法律禁止向之邀約或招攬之人士、或作出邀約或招攬屬違法又或法例規定必須先行登記方可作出邀約或招攬之司法管轄區。
本集團及聯繫人士或於本內容所提及的市場中持有倉位，及/或可能參與跟該等市場有關的交易。 本集團或與在此被點名、提及和/或指稱的任何實體或人士有關係。相關投資組合之經理人或持有其管理的組合的股權。在相關組合的層面上而言，不排除會出現利益衝突。
就本集團所知、所悉及所信，本網站所載資料在發佈時均屬準確。
無論在任何情況下，如未經本集團明確允許及書面同意，本網站所載內容均不得複印、複製或轉發。
任何信託基金之單位價格均可升可跌，而往績並非將來表現的指標。
本集團並不就閣下使用本網站或任何其連結網站而引起對閣下電腦系統、所儲存的紀錄或屬任何人士的紀錄受到的任何干擾或破壞而負上責任。本網站設有瀏覽紀錄裝置，以確認閣下是否已閱覽及同意本條款，惟該等紀錄裝置並無載有任何可確實辨別任何個人身份的資料。本網站之版權由本集團所有，而本網站的一切內容，包括資料、圖案、模式、文字及設計的版權均屬本集團所有，未經許可，不得複製或發佈。上述條款受香港特別行政區之法律管限並構成閣下與本集團就使用本網站的整份合約。
當閣下登入本網站的某些連結時或會導致離開本網站。本集團並無審查任何與本網站連結的其他網站，而對該等網站之內容或其所提供的產品、服務或其他項目概不予以認可或承擔任何責任。
本集團根據《個人資料 (私隱)
條例》的規定，竭力保存閣下的個人資料，並將採取一切合理步驟，確保閣下的個人資料獲妥善保存，不會遭受非法使用、遺失、披露及損毀。敬請注意，根據《私隱條例》，本聲明取代可能曾向閣下提供的任何同類性質的通知或聲明。本集團更詳盡的個人資料私隱政策已載於本網站。
以立投資管理有限公司受香港證券及期貨事務監察委員會 (「證監會」)監管。
本網站未經香港證監會審閱，並可能載有未經證監會認可、由以立發行之基金的資料。
證監會認可並不表示推薦或認許某投資計劃，亦不表示保證某投資計劃之商業成效或表現，同時亦不表示該投資計劃適合全部投資者或認許其適合任何特定投資者或某一類投資者。
本網站所載資料不應被視為法律、稅務、投資或其他建議，任何準投資者應就其投資事宜諮詢其本身的股票經紀、財務顧問、銀行經理、律師、會計師或其他專業人士。
本網站的內容是以「現時」模式提供，惟如有任何更改毋須公開作出通知。
本報告之中英文版本如有歧義，概以英文版為準。
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