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CMS China Opportunities Flexifund (the "Fund") may not be suitable for all investors. Investment involves risks. Investors are advised to consider their own investment objectives and circumstances in determining the suitability of an investment in the Fund.

  • The Fund invests primarily in RMB denominated and settled debt securities issued or listed in China through the RQFII quota of the RQFII Holder.
  • Investment involves risks. There is no guarantee of the repayment of principal invested in the Fund.
  • The Fund's investments are concentrated in the China market and may be subject to additional concentration risk and emerging market risk including political, economic, legal, regulatory and liquidity risks and risks associated with changes in the PRC laws and regulations.
  • The tax provision of 10% made by the Manager on gross realised gains derived from the disposal of PRC securities may be excessive or inadequate to meet the actual tax liabilities. Any shortfall between the provisions and actual tax liabilities will be debited from the Fund's assets and the asset value of the Fund will be adversely affected.
  • The Fund's investments through the RQFII Holder are subject to applicable regulations imposed by the PRC authorities. The imposition of any restrictions on repatriation of the invested capital and net profits may impact on the Fund's ability to meet redemption requests. In addition, if the RQFII Custodian or PRC brokers of the Fund default, the Fund may incur a substantial or even a total loss. The RQFII rules are novel in nature and any changes to the relevant rules may have an adverse impact on investors' investment in the Fund.
  • Subscription moneys and redemption proceeds of this Fund must be paid in RMB. RMB is currently not freely convertible and is subject to exchange controls by the Chinese government. In addition, an investor may suffer a loss if RMB depreciates against the relevant currency of the investor.
  • Investing in RMB denominated debt securities issued or listed in China will subject the Fund to the credit/insolvency risk of issuers, risks relating to credit rating by Chinese local rating agencies, risks associated with lower rated / unrated debt securities, interest rate risk, downgrading risk of investment grade securities, valuation risk and liquidity risk.
  • The Fund does not guarantee dividend distribution, therefore, investors may not receive any dividend payment.
  • The investment decision is yours but you should not invest unless the intermediary which sells you the Fund has advised you that the Fund is suitable for you after considering your financial situation, investment experience and objectives, and has explained why, including how investment in the Fund will be consistent with your investment objectives.
  • The content of this website is for referential purpose only. Investors should not only base on this website alone to make investment decisions. Investors should read the Explanatory Memorandum and Product Key Facts Statement of the Fund for further details, including risk factors.

Fund Price (as of 2024-5-9)
NAV per Unit - Class ARMB 95.25
NAV per Unit - Class BRMB 101.3
NAV per Unit - Class IRMB 106.325
Fund Information
Manager CMS Asset Management (HK) Co., Limited
RQFII Holder China Merchants Securities International Company Limited
Fund Inception Date
Class A / Class B 12 March 2012
Class I 10 July 2012
Base Currency RMB
Fund Structure Open-ended Fund
Dividend Policy Dividend in respect of each financial year, if declared, will be distributed
ISIN Code
Class A HK0000099785
Class B HK0000104890
Class I HK0000106366
Bloomberg Code
Class A CMSCHOF HK
Class B CMSCHFB HK
Class I CMSCHOI HK
Investment and Fees ^
Fund Classes Class A Class B Class I
Min. Investment(Initial) RMB
10,000
RMB
3 million
RMB
50 million
Min. Investment(Subsequent) RMB
500,000
RMB
10 million
Min. Holdings RMB
1 million
RMB
50 million
Min Redemption RMB
100,000
RMB
10 million
Initial Subscription Fee Up to 5%
Management Fee 1.5% p.a. 1% p.a. 0.8% p.a.
Switching Fee N/A
Redemption Fee N/A
Fund Manager
Mr. ZHOU Geng, has more than 18 years of experience in the investment management and asset management industry, joined CMS Asset Management (HK) Co., Limited in 2021 and is currently the Head of Asset Management Department, Managing Director of the company as well as the portfolio manager of the CMS Hong Kong Multi Income Fund,CMS Money Market Fund and CMS China Opportunities Flexifund. Before joining CMS Asset Management (HK) Co., Limited, Mr. Zhou was Head of Asset Management of Dongxing Securities (HK) Co., Ltd. Prior to that, he was the Fixed Income Investment Director at China Securities (International) Asset Management Co., Ltd. Prior to that, Mr. Zhou has also worked as investment manager and analyst of various financial institutions in both Shanghai and London, including Credit Suisse, Barclays and Haitong.

Mr. CHEN Yu joined CMS Asset Management (HK) Co., Limited in 2021 and is currently the Vice President as well as the portfolio manager of the CMS Money Market Fund and CMS China Opportunities Flexifund. Before joining CMS Asset Management (HK) Co., Limited, he worked as a trader, investment manager and senior investment manager in HSBC London, China Investment Securities, CMBC Capital, Dongxing Securities and other onshore and offshore large financial institutions. With more than 10 years of working experience in large domestic and foreign financial institutions, he has in-depth understanding and rich practical experience in all kinds of fixed income products, including interest rate bonds, credit bonds, bond futures, repo reverse repo products and other fixed income long-short products.
Documents
^Please refer to the Explanatory Memorandum of the Fund for further details.
Disclaimer:

This website is owned and managed by CMS Asset Management (HK) Co., Limited ("CMSAM(HK)"). CMSAM(HK) reserves the right to change, modify, add, or delete, any content and the terms & conditions of use of this website without notice. Users are advised to periodically review the contents of this website to be familiar with any modifications.

This website has been prepared by CMSAM(HK) for informational purposes only. The information provided on this website should not be construed as an offering or solicitation to sell in any jurisdiction to any person to whom it is unlawful to make such an invitation or solicitation in such jurisdiction. Information on this website is not intended for use by persons located or resident in jurisdictions which restrict the distribution of this information. Persons interested to invest in this funds should refer to the prospectus for detailed features. Interested persons or parties are recommended to seek independent financial advice for investment. Persons accessing this web-site are required to inform themselves about and observe any relevant restrictions.

The performance figures contained herein this website are for informational purposes only. Past performance is not indicative of future performance. Investment involves risks and NAV per unit can fall as well as rise.