風險考慮因素:
  1. 本基金以主動方式管理及主要投資於科技發展或使用公司的股票的多元化投資組合,聚焦於環球領先的科技公司。
  2. 投資於本基金涉及風險,包括一般投資風險、股票市場風險、與預託證券相關的風險、界別集中風險、剔除標準風險、地理集中風險、發行人集中風險和貨幣風險,並可能導致您損失部分或全部投資金額。
  3. 本基金可運用衍生工具作對沖及有效投資組合管理,因而涉及與衍生工具相關的風險。投資於衍生工具可能導致基金蒙受重大損失的風險。
  4. 本基金價值可以波動不定,並有可能大幅下跌。
  5. 投資者不應僅根據本[文件/網站]而投資於本基金 。

投資涉及風險。過往業績並非當前或將來的表現的可靠指標,亦不應作為選擇個別產品或策略的唯一考慮因素。

普徠仕(盧森堡)系列
環球科技股票基金
旨在透過其投資價值的增長,長遠而言提高其股份價值。
ISIN LU1244139660
基金單張
產品資料概要
SFDR DISCLOSUR
2017年01月01日 - Joshua Spencer, 基金經理,
The incoming Trump administration’s immigration and trade policies could hurt the U.S. technology sector, though its position on lower taxes and repatriation of overseas profits could counterbalance this. We continue to closely monitor this evolving space.

概覽
策略
基金概要
以主動方式管理及主要投資於科技發展或使用公司的股票的多元化投資組合,聚焦於環球領先的科技公司。該等公司可能遍佈世界各地,包括新興市場。
表現(已扣除費用)

過往表現並非未來表現的可靠指標。

由2024年7月1日起,基金的基準已改為MSCI綜合世界資訊科技10/40淨額指數 (MSCI ACWI Information Technology 10/40 Net) (權重上限指數)。在此之前,基金的基準為MSCI綜合世界資訊科技淨額指數 (MSCI ACWI Information Technology Net Index)。先前基準的表現未重列。 

2017年01月01日 - Joshua Spencer, 基金經理,
Global technology shares underperformed the broader equity markets in December. Within the fund, stock selection in software detracted the most from relative performance. The Internet industry, hampered by stock selection and an overweight, also pulled down relative returns. In contrast, the fund benefited from our non-benchmark position in a prominent automotive manufacturer as well as stock selection in telecommunication services.
2016年12月31日 - Joshua Spencer, 基金經理,

The start of the new year is likely to bring with it a heightened level of uncertainty, as the market learns more of President-elect Trump's proposals and continues to digest the possibility of interest rates increasing at a faster rate. We continue to implement a bottom-up approach to stock selection, seeking companies whose innovative use of technology allows them to capture market share from competitors. We also value companies that have positioned themselves to benefit from broader trends within the technology space. Finally, we place a premium on those companies that benefit from solid fundamentals and strong management teams.

Semiconductors

The semiconductor industry stands as one of our largest positions within the portfolio. Several companies in this industry are appealing because they serve a range of end markets. This characteristic helps add a level of diversification to their mix of revenues. The industry underwent heavy consolidation during the past several years, and there remains room, albeit limited, for this to continue. Our holdings in semiconductors focus on companies that are on the cutting edge of new and evolving technologies that have the potential to play key roles in long-term trends.

  • We believe that ASML Holding, one of our largest positions within the semiconductor industry, is well on its way to commercializing its extreme ultraviolet lithography technology. In October, the company reported third-quarter results that beat guidance and expectations as well as issued strong fourth-quarter guidance. The following month, the company announced that it purchased a stake in ZEISS, a German lens manufacturer, to help it create the next generation of extreme ultraviolet lithography systems. Shortly thereafter, ASML Holding finalized its acquisition of Hermes Microvision, Inc. We are encouraged by both deals; the former will help ASML Holding solidify its long-term position as an industry leader, while the latter will more broadly assist its customers with manufacturing challenges.
  • We initiated a position in Broadcom, a designer of analog semiconductor devices that focuses on proprietary high-end wireless filters used to integrate and filter signals as the smartphone market progresses toward 4G LTE. Broadcom has demonstrated strong growth within its smartphone-driven filter business, and recent acquisitions should provide further earnings growth through cost-cutting.
  • Shares of NXP Semiconductors rallied near the end of September after Qualcomm announced its plans to acquire NXP Semiconductors. As a result, we trimmed our position on strength throughout the first two months of the quarter, and we then eliminated our position in December.

Media

Within media, we are most interested in companies with long-term growth potential. Our non-benchmark position in Netflix is a solid example of this. We value the company's global ambitions and are encouraged by the steps the company has taken to continue to invest in and innovate its services.

  • We believe that Netflix can gain subscribers through both its original content and recent deal to be the exclusive U.S. pay TV home outlet for new Disney movies. Our belief in the company's long-term growth potential was reaffirmed during the period. Shares surged in mid-October after Netflix reported third-quarter earnings that surprised many investors due to the increase in domestic and international subscribers. Shares were pressured in the weeks following the U.S. presidential election because Netflix is one of the few companies that benefits from more regulation, specifically with regard to Internet service providers that own the networks to access Netflix's customers. We view this recent downward momentum as a transitory headwind and remain encouraged by the company's ambitious global expansion. While we trimmed our position over the course of the quarter, it continues to stand as a top holding.
  • Although Liberty Global, one of Europe's largest cable operators, posted third-quarter results in early November that were largely in line, shares were pressured mid-month due to the market volatility following the U.S. presidential election. This persisted into December. We have been trimming our position over the past several months.

Miscellaneous

Our non-benchmark position in Tesla Motors was notable during the period, and the company stood as a leading contributor to relative performance. Tesla Motors was able to successfully navigate negative investor sentiment that had weighed on it since the announcement of its proposed acquisition of Solar City. Furthermore, concerns about how Tesla Motors would fair under a Trump administration were lifted when Elon Musk was added to the president-elect's Strategic and Policy Forum. We added to our position during the period.

  • Tesla Motors is a strong earnings growth story as we expect the company to continue innovating with better and more competitive electric vehicles. We point to the company's high level of differentiated innovation as evidence of its long-term potential. In late October, the company reported very solid third-quarter results which highlighted better production execution and expense control. However, during the period, investors were most interested in Musk's plans to acquire SolarCity, a leading provider of clean energy services. News of the proposed acquisition was released in June. Investors reacted unfavorably to the idea, and the market approached the stock with a level of uncertainty for several months. Tesla's shareholders eventually approved its proposed acquisition of SolarCity in November. We are optimistic that Musk will execute on his long-term vision for the combined company and create shareholder value.

有關基準數據來源的披露僅提供英文版本,可在此處找到。