iFAST Research Team

1Q 2016 – Equity Funds

Important Notes:

Investment involves risks. The price of securities may go down as well as up, and under certain circumstances, an investor may sustain a total or substantial loss of investment. Past performance is not necessarily indicative of the future or likely performance of the fund.

Certain funds may have significant exposure in financial derivatives instruments (“FDI”). Risks associated with these instruments include counterparty risk, credit risk and liquidity risk. Such exposure may lead to a high risk of loss of invested capital.

Investors should read the relevant fund's prospectus for further details including the risk factors before making any investment decision. An investor should make an appraisal of the risks involved in investing in these products and consult his/her own independent and professional advisors to ensure that any decision made is suitable with regards to his/her circumstances and financial position.

The above materials are issued by iFAST Financial (HK) Limited and have not been reviewed by the SFC.

Key Points:

Performances of equity funds in 1Q2016 diverged with only 162 of the 366 equity funds on our platform registering a positive return.

Despite of the severe volatility in the equity markets in the first two months of 2016, most of the funds had significant rebound in March. Emerging markets surprisingly outperformed other markets in the first quarter as emerging-market and Latin America-related equity funds rebounded the most. On the other hand, the market still had concerns over China’s economic outlook, and related markets’ performance remained muted.

Amidst the global market correction, alternative investments saw inflows. Gold-and-precious metal-related sectorial funds outperformed. A potential control on the prescription drug price imposed by the US government triggered a sell-off among healthcare- and biotechnology-related funds.

1Q 2016 Review: Despite the volatility in the equity market in the first two months of 2016; some of the equity funds on our platform enjoyed a strong rally in March. Benefitting from a number of reasons (such as more accommodative measures adopted by central banks, the recovery of commodity and energy prices and the dovish statement from the US Federal Reserve), emerging markets outperformed the global equity market. Over the quarter, the MSCI AC World Index slightly dropped 0.2%, while the MSCI Emerging Markets Index rose 5.5% during the same period of time. After the European Central Bank announced easing measures beyond expectation, Stoxx 600 index, representing the European market, rose 5.5% in March but overall still registered a loss of 3.3% in the quarter.

Chinese economic data remained muted, and investor confidence for the Chinese market has not recovered, resulting in disappointing performance in both Hong Kong and H-share markets. Hang Seng Index fell 5.2% in the first quarter while Hang Seng Mainland 100 index, representing the Chinese H-share market, also dropped 5.1%. CSI 300, representing the domestic Chinese A-share market, dived 13.2% and was the worst-performing market under our coverage in the first quarter of 2016. (All performance figures are in HKD terms unless otherwise stated.)

Gold & precious metal and Latin America outperformed; A-share

funds tanked

Table 1: 10 Best-Performing Equity Funds in 1Q 2016

Fund Name Market/Sector 1Q 2016 Performance

2015 2014 2013 2012 2011

1 Amundi Funds Equity Global Gold Mines

(USD) A2U Acc

Global/Gold & Precious Metals

40.27% -25.62% -12.93% -51% -13.07% -23.8%

2 BlackRock Global Funds - World Gold Fund

(USD) A2

Global/ Gold & Precious

Metals 39.68% -21.94% -5.16% -48.05% -8.4% -18.02%

3 Invesco Gold & Precious Metals Fund

(USD) A Acc

Global/Gold & Precious Metals

39.08% -25.16% -7.94% -43.58% -8.39% -20.88%

4 Parvest Equity Brazil (USD) Brazil 23.34% -43.17% -14.08% -19.08% 2.69% -23.43%

5 Aberdeen Global - Latin American Equity

Fund (USD) A2 Latin America 20.05% -30.6% -16.34% -15% 21.94% -16.97%

6 Amundi Funds Equity Global Resources

(USD) A2U Acc Global/Natural Resources

19.17% -21.93% -14.73% -4.37% -4.98% -17.88%

7 Baring Latin America Fund (USD) Y-Inc Latin America 16.62% -30.22% -12.58% -11.9% 8.21% -22.6%

8 Schroder ISF-Latin American (USD) A Acc Latin America 16.59% -30.35% -14.99% -17.32% 13.43% -21.78%

9 Amundi Funds Equity Brazil (USD) A2U Acc Brazil 16.48% -41.4% -16.16% -17.35% 1.82% -23.85%

10 Fidelity Funds - Latin America Fund A-USD Latin America 16.33% -29.32% -12.11% -12.07% 10.71 -20.3%

Source: Bloomberg and iFAST compilations

*Performances in the table are in HKD terms (1Q 2016 performance as of end-March 2016), calculated using NAV-to-NAV prices

with any income or dividend reinvested.

Please refer to the fund factsheets.

(All performance figures are in HKD terms unless otherwise stated)

Table 2: 10 Worst-Performing Equity Funds in 1Q 2016

Fund Name Market/Sector 1Q 2016

Performance 2015 2014 2013 2012 2011

1 Macquarie IPO China Concentrated Core

Fund (USD) A2

China/ IPO

-11.89% -2.97% 10.33% 12.47% 15.99% -33.54%

2 Templeton China Opportunities Fund

(USD) A (acc) Shanghai A -12.22% 4.92% 26.6% -5.55% 2.11%* -

3 CCB International - China Policy Driven

Fund (HKD) China -12.29% 5.89% -8.31% 35.96% -4.2% -48.12%

4 CIFMHK Funds - CIFM (HK) RMB China A

Focus Fund (RMB) A Shanghai A -13.57% 17.42%* - - - -

5 Adequity Trust - Lyxor Selection China A

Fund (USD) Shanghai A -13.61% 5.48% 45.16% -9.62% -1.7%* -

6 Invesco Global Health Care Fund (USD) A Global/

Healthcare

-14.27% 0.95% 19.35% 37.57% 16.31% 0.56%

7 Manulife Advanced Fund SPC - China A

Segregated Portfolio (USD) AA Shanghai A -14.54% 3.02% 38.37% -2.53% -0.35% -18.28%

8 Harvest Funds (Hong Kong) - Harvest

China A Research Select Fund (RMB) A Shanghai A -14.90% -0.55% 21.96%* - - -

9 CSI RMB China A-Shares Diversification

Fund (RMB) Acc Shanghai A -16.31% -0.55%* - - - -

10 Franklin Biotechnology Discovery Fund

(USD) A(acc) Global/

Biotechnology -24.28% 4.86% 34.75% 64.32% 26.49% 9.44%

Source: Bloomberg and iFAST compilations

*Performances in the table are in HKD terms (1Q 2016 performance as of end-March 2016), calculated using NAV-to-NAV prices

with any income or dividend reinvested.

Please refer to the fund factsheets.

Chinese A-share and healthcare equity funds sank

Chinese A shares slumped along the sell-off in global equity markets. The China

Securities Regulatory Commission (CSRC) in January rolled out a new circuit breaking

mechanism that requires the market to halt for 15 minutes if CSI 300 rises or drops

more than 5% or for the rest of the day if the market rises or drops 5% after 2:45 p.m. or

7% in total. However, the new system was abruptly discontinued after it was triggered

twice shortly in four trading days. Although the introduction was originally meant to

stabilse the market to a certain degree, the 5% and 7% rules were so close that the

mechanism in fact accelerated the decline of the index. After July 2015, the Chinese A-

share market is now once again characterised by heavy government intervention,

diminishing investor confidence.

The performance of healthcare-related funds was also below satisfaction. Seven of the 10 worst-performing equity funds were Chinese A-share funds while the rest were funds invested in healthcare. 2016 is the presidential election year in the United States. Democratic candidate Hillary Clinton once criticised pharmaceutical companies for manipulating drug prices and proposed to set a monthly cap of USD 250 for prescription drugs to limit the windfall profit of the pharmaceutical industry. Although most healthcare companies recorded better-than-estimated earnings results last year, US healthcare and biotechnology funds still experienced a sell-off in the first quarter on the back of worries for future restrictions. (All performance figures are in HKD terms unless otherwise stated.)

Table 3: Relative Performance Between Regional Equity Funds and Equity Markets in 1Q 2016

Regional Funds Average Fund Return

in 1Q 2016 Index

Index Performance in

1Q 2016

Latin America 15.62% MSCI Emerging Markets Latin

America Index 18.6%

Emerging Europe 10.19% MSCI EM Europe 10/40 Index Net 14.2%

ASEAN 7.64% FTSE ASEAN AS Index 8.8%

Emerging Markets 3.04% MSCI Emerging Markets Index 5.5%

BRIC 2.52% MSCI BRIC Index 1.2%

Global 1.68% MSCI AC World Index -0.2%

Europe（Eurozone） -3.44% Stoxx 600 -3.3%

Greater China -3.75% MSCI Golden Dragon Index -0.9%

Japan -3.80% Nikkei 225 -5.5%

Europe（including UK） -4.40% Stoxx 600 -3.3%

Middle East and Africa -5.34% FTSE Middle East & Africa Index 6.1%

Source: Bloomberg and iFAST compilations *Performances in the table are in HKD terms (1Q 2016 performance as of end-March 2016), calculated using NAV-to-NAV prices with any income or dividend reinvested.

Please refer to the fund factsheets.

Latin America rose; Middle East and African funds struggled

Emerging markets rebounded significantly after the strong rally of emerging-market currencies

against the USD and the rebound of commodity prices. However, Middle East and African

(MENA) funds on our platform underperformed the benchmark significantly. Divergence can be

seen in the performance of Middle East and African markets, with the South African market

beating the Middle East. Most of the MENA funds on our platform mainly invest in Middle East,

which explains the underperformance against the benchmark index.

Table 4: Relative Performance Between Single-Country Equity Funds and Equity Markets in 1Q

2016

Single-Country/Market Funds

Average Fund Return in 1Q 2016

Index Index Performance

in 1Q 2016

Brazil 19.91% Ibovespa Brasil Sao

Paulo Stock Exchange Index

28.2%

Turkey 16.03% MSCI Turkey Index 21.0%

Malaysia 13.31% FTSE Bursa Malaysia

KLCI Index 12.9%

Russia 11.55% Russian Trading

System Cash Index 15.8%

Thailand 11.19% S&P BSE SENSEX

Index 12.3%

Japan -3.80% Nikkei 225 -5.5%

Hong Kong -4.63% Hang Seng Index -5.2%

China -6.68% Hang Seng Mainland

100 -5.1%

Italy -8.29% FTSE Milano Italia

Borsa Index -11.7%

China A -14.19% CSI 300 -13.2%

Source: Bloomberg and iFAST compilations *Performances in the table are in HKD terms (1Q 2016 performance as of end-March 2016), calculated using NAV-to-NAV prices with any income or dividend reinvested.

Political factors drove Brazil outperformance

Though Brazil’s performance was less-than-satisfactory in the first two months of 2016, the

market still manage to rally significantly supported by positive political sentiment. The country’s

economic policies and the corruption in state-owned enterprises have been subjected to severe

criticism in the past, resulting in lingering weakness in Brazilian equities for consecutive quarters.

As the Brazilian President Dilma Rousseff faces advanced move on her impeachment because

of allegations of corruption, the stock market rose on hope that she will be removed from office.

In terms of valuation, the Brazilian market does not look attractive, and we believe the surge

was solely driven by political factors.

Table 5: Performance of Sector Equity Funds in 1Q 2016

Sector Performance in 1Q 2016

Gold & Precious Metal 39.68%

Natural Resource 11.41%

Utilities 9.19%

Energy 3.82%

Industrials 3.38%

Frontier Markets -4.03%

Finance -6.62%

Healthcare -9.67%

IPO -11.43%

Biotechnology -24.28%

Source: Bloomberg and iFAST compilations

*Performances in the table are in HKD terms (1Q 2016 performance as of end-March 2016), calculated using NAV-to-NAV prices

with any income or dividend reinvested.

Gold & precious metal topped the list while A-share and biotechnology funds dropped the most Amidst the global volatility in equity markets, capital turn to alternatives. Gold & precious metal-related funds outperformed. On the other hand, after the US Democratic presidential candidate Hillary Clinton criticised pharmaceutical companies for manipulating drug prices and proposed to set a monthly cap of USD 250 for prescription drugs to limit the windfall profit of the pharmaceutical industry, US healthcare and biotechnology funds became the worst performers in the first quarter of 2016 due to fear of future restriction.

Key investment themes for 2Q 2016

As we enter 2Q 2016, we continue to maintain our neutral stance in equities relative to bonds. Despite the sharp plunge of global equities in the first two months this year, most markets rebounded in March. However, note that earnings estimates have also been

downgraded along their stock prices, suggesting problems related to fundamentals. As the market is now generally pessimistic on economic growth, market valuations may continue to see pressure. We remain in favour of Asia ex-Japan equities. Although the Chinese and Hong Kong stock markets experienced sluggish performance in the first quarter, we believe the stabilisation of macro-environment would aid offshore Chinese stocks to regain its valuation. The Chinese market’s current valuation is now even lower than that of the financial tsunami and the Asian Financial Crisis, which implies that current and any future uncertainties have been fully reflected in the current valuation. Recent Chinese economic data has shown signs of recovery; together with dimmer expectation of the US rate hike and more hawkish signals of policies to stabilise the economy by the Chinese government, offshore Chinese stocks should pick up on their valuations. In the European and US markets, as equity prices fell in the past few weeks over a global sell-off, the two markets’ valuations also inevitably tumbled along their prices. Although their valuation premiums are now lower, earnings of US and European corporates remain weak, especially given the continuously falling profit margin that may depress US corporates’ earnings. European companies have a higher level of earnings than the US’, but the risk of “Brexit” may introduce volatility to the market and cause earnings shrinkage. We will reiterate the view that it is now the time to adopt the conservative approach when investing in the US equity market. As far as the European equity market, one might consider European (excluding UK) equity funds that focus more on cyclical sectors benefitting from economic recovery.

Ten Most Popular Equity Funds in 1Q 2016

Table 6: 10 Most Popular Equity Funds in 1Q 2016

Fund

Performance (%)

YTD 2015 2014 2013 2012 2011

Invesco Korean Equity Fund (USD) A -4.52% 18.91% 10.76% 5.08% 2.49% -6.26%

First State China Growth Fund (USD) I -8.88% -4.08% -2.76% 21.48% 18.96% -14.84%

Jupiter Global Fund - Jupiter European Growth (USD Hedged) L Acc

-8.65% 29.83% 12.14% 4.9%* - -

Franklin Biotechnology Discovery Fund (USD) A(Acc)

-21.32% 4.86% 34.75% 64.32 26.49% 9.44%

BlackRock Global Funds - World Gold Fund (USD) A2

36.12% -21.94% -5.16% -48.05% -8.4% -18.02%

Fidelity Funds - Global Dividend Fund A-MIncome-USD

1.21% 1.5% 4.77% 26.16% 12.27%* -

Fidelity Funds - Indonesia Fund A-USD 13.87% -20.9% 24.4% -21.76% 6.9% 1.7%

Man AHL Diversified Futures Ltd (USD) Tranche A

5.67% -2.11% 30.24% -6.15% -2.23%* -

Schroder ISF-Asian Opportunities (USD) A Acc 0.13% -4.46% 6.62% 0.83% 26.17% -12.14%

First State Asian Equity Plus Fund (USD) I Dis 0.25% -2.85% 13.75% 4.31% 24.33% -10.35%

Source: iFAST compilations

Unit price is the NAV price; sales charges are not included. YTD performance figures are cumulative returns based on the price of

the fund as at 6 April 2016. All performance figures are on an NAV-to-NAV basis and denominated in HKD with dividends reinvested

on the dividend date.

*For fund(s) with performance figures less than one calendar year in the first year of launch, the performance figures shown are

calculated since launch until the end of the particular calendar year.

New Equity Funds on Board in 1Q 2016

Table 7: New Equity Funds

Performance (%)

Fund YTD 2015 2014 2013 2012 2011

Franklin Sealand China Prospect Mixed Assets Fund (RMB) H - - - - - -

Zeal Investment Series - Zeal China Connect Fund (HKD) Acc - - - - - -

GF Industry Leaders Mixed Assets Fund (RMB) H - - - - - -

Amundi HK - Global Ageing Planet Opportunities Fund (RMB Hedged) Acc

-2.08% -6.18%* - - - -

Amundi HK - Global Ageing Planet Opportunities Fund (USD) Acc

-3.69% 6.4% 0.33%* - - -

Manulife Hong Kong Series - Global Dynamic Asset Allocation Fund (USD) AA M-Inc

- - - - - -

Manulife Hong Kong Series - Global Dynamic Asset Allocation Fund (RMB-Hedged) AA M-Inc

- - - - - -

BlackRock Global Funds - China Fund (HKD) A2 Acc -4.52% -2.67% 14.68% 4.31% 22.7% -21.14%*

Source: iFAST compilations

Unit price is the NAV price; sales charges are not included. YTD performance figures are cumulative returns based on the price of

the fund as at 6 April 2016. All performance figures are on an NAV-to-NAV basis and denominated in HKD with dividends reinvested

on the dividend date.

*For fund(s) with performance figures less than one calendar year in the first year of launch, the performance figures shown are

calculated since launch until the end of the particular calendar year.

DISCLAIMER

1. Investment involves risks. The price of securities may go down as well as up, and under certain circumstances an investor may

sustain a total or substantial loss of investment. Past performance is not necessarily indicative of the future or likely performance of

the fund. Fund(s) may invest extensively in financial derivatives. Investors should read the relevant fund's prospectus for further

details including the risk factors before making any investment decision. An investor should make an appraisal of the risks involved

in investing in these products and should consult his/her own independent and professional advisors, to ensure that any decision

made is suitable with regards to his/her circumstances and financial position. The above materials are issued by iFAST Financial

(HK) Limited and have not been reviewed by the SFC.

2. Certain funds may have significant exposure in financial derivatives instruments (“FDI”). Risks associated with these instruments

include counterparty risk, credit risk and liquidity risk. Such exposure may lead to a high risk of loss of invested capital.

3. When the investment returns of a fund are denominated in a foreign currency other than the USD/HKD, US/HK dollar-based

investors are exposed to exchange rate fluctuations. RMB is currently not freely convertible and is subject to exchange controls and

restrictions. There is no guarantee that RMB will not depreciate. If you convert Hong Kong dollar or any other currency into RMB so

as to invest in the fund and subsequently convert the RMB redemption proceeds back into Hong Kong dollar or any other currency,

you may suffer a loss if RMB depreciates against the Hong Kong dollar or other currencies.

4. A risk rating of 10 indicates the highest level of risk, while a risk rating of 0 indicates the lowest level of risk.

5. The listing of funds on this page is limited to funds distributed by Fundsupermart.com only.

6. Funds invested in emerging markets may involve a higher degree of risk, and may be more sensitive to price movements relative

to the developed markets.

7. The fund/the investment manager may at its/his discretion pay dividends out of the capital of the fund or charge all or part of the

fund’s fees and expenses to the capital of the fund (as the case may be).

8. In the case where the fund may pay dividends out of capital, dividends paid out of capital amount to a return or withdrawal of part

of an investor's original investment or from any capital gains attributable to that original investment. Such dividends may result in an

immediate decrease of the net asset value per share/unit.

9. In the case where the fund may charge its fees and expenses to capital, charging all or part of the fees and expenses to the

capital will result in income being increased for distribution, however, the capital that the fund has available for investment in the

future and capital growth may be reduced.

10. The net asset value of a fund that invests in high-yield bonds may decline or be negatively affected if there is a default of any of

the high yield bonds that it invests in or if interest rates change.

11. Other key risks that may relate to the relevant fund includes concentration of investments in particular types of specialized debt

or a specific geographical region or sovereign securities.

12. This report aims to provide general investment or financial analyses based on your customised input, and such results are not to

be construed as us providing investment recommendations or advice. Your use and reliance upon such analyses is at your own risk.

RISK DISCLOSURE STATEMENTS

Amundi Funds Equity Global Gold Mines (USD) A2U Acc

RISK DISCLOSURE STATEMENTS

•This is an equity fund.

•The Sub-Fund invests in specialised sectors and themes and is subject to greater concentration risk than a more diversified

investment.

• Financial derivatives instruments may be used for the purpose of meeting the investment objective of the Sub-Fund.

• The value of the fund can be extremely volatile and could go down substantially within a short period of time. It is possible that your

investment value could suffer substantial loss.

• The investment decision is yours, but you should not invest in the product unless the intermediary who sells it to you has advised

you that the product is suitable for you and explained why including how buying it would be consistent with your investment

objective .

• The regulatory requirements of SFC state that investors should not invest in the product unless the intermediary who sells it to you

has advised you that the product is suitable for you and explained how it is consistent with your investment objectives. Note:

Fundsupermart.com is a self-directed online distributor and we only provide limited personal financial advisory services upon a

particular request from client.

BlackRock Global Funds - World Gold Fund (USD) A2

RISK DISCLOSURE STATEMENTS

•The Fund is subject to above-average volatility inherent in gold shares. The Fund has a particularly concentrated portfolio and if a

particular investment declines in value it may have a more pronounced effect than if the Fund held a larger number of investments.

The Fund invests in smaller company shares which can be more volatile and less liquid than those of larger companies. The Fund

invests in certain emerging markets that may be subject to additional risks from political, economic and market factors..

•The Fund may use derivatives to hedge market and currency risk and for efficient portfolio management. However, derivatives will

not be extensively or primarily used for investment purposes. In an adverse situation, the Fund may suffer significant losses from

their derivatives usage for hedging and efficient portfolio management.

• The value of a Fund can be volatile and could go down substantially within a short period of time. It is possible that the certain

amount of your investment could be lost.

• Investors should not only base on this marketing material alone to make investment decisions. .

• The regulatory requirements of SFC state that investors should not invest in the product unless the intermediary who sells it to you

has advised you that the product is suitable for you and explained how it is consistent with your investment objectives. Note:

Fundsupermart.com is a self-directed online distributor and we only provide limited personal financial advisory services upon a

particular request from client.

Invesco Gold & Precious Metals Fund (USD) A Acc

RISK DISCLOSURE STATEMENTS

•The Fund is an investment fund investing in equity and equity related securities concerning gold and precious metals.

• Investors should note the equities risk, commodities risk and theme-specific risk associated with the investment.

• The value of the product can be volatile and could go down substantially within a short period of time.

• Investors should not only base on this marketing material alone to make investment decisions

• The regulatory requirements of SFC state that investors should not invest in the product unless the intermediary who sells it to you

has advised you that the product is suitable for you and explained how it is consistent with your investment objectives. Note:

Fundsupermart.com is a self-directed online distributor and we only provide limited personal financial advisory services upon a

particular request from client.

Parvest Equity Brazil (USD)

RISK DISCLOSURE STATEMENTS

•Parvest is an investment company under the UCITS regulations and has within it different Sub-Funds investing in equities, bonds

and short term debt securities each with different risk profile.

•Investors should note that the risks of investing in emerging markets are generally higher than that of the developed markets and

the concentrated market risks of a Sub-fund which invest in one single or a limited number of geographical market(s) or industry

sector(s) are generally higher than that of a more diversified fund.

• Investment involves risk. Further details of the potential risks involved are contained in the Sub-Fund Risk Profile section of the

Explanatory Memorandum. The value of the shares may go down as well as up. It is possible that investors may lose their entire

investments

• Investors should not only base on this document alone to make investment decisions.

• The regulatory requirements of SFC state that investors should not invest in the product unless the intermediary who sells it to you

has advised you that the product is suitable for you and explained how it is consistent with your investment objectives. Note:

Fundsupermart.com is a self-directed online distributor and we only provide limited personal financial advisory services upon a

particular request from client.

Aberdeen Global - Latin American Equity Fund (USD) A2

RISK DISCLOSURE STATEMENTS

•Investment in this fund may involve a high degree of risk and may not be suitable for all investors. Past performance is not

indicative of future results. The value of the fund can be volatile and could go down substantially within a short period of time. It is

possible that the entire value of your investment could be lost..

•Please read the offering documents for further details and the risk factors, particularly the risk of investment in equities.

• The regulatory requirements of SFC state that investors should not invest in the product unless the intermediary who sells it to you

has advised you that the product is suitable for you and explained how it is consistent with your investment objectives. Note:

Fundsupermart.com is a self-directed online distributor and we only provide limited personal financial advisory services upon a

particular request from client.

Amundi Funds Equity Global Resources (USD) A2U Acc

RISK DISCLOSURE STATEMENTS

•This is an equity fund.

•Investing in this fund may expose investors to market, volatility, exchange and developing countries risks as well as to risk of small

and medium companies. The fund may be exposed to restructuring and single sector companies and may involve a higher degree

of risk. The use of financial derivative instruments for hedging and efficient portfolio management purposes may lead to exposure to

credit risk of the issuer.

• The investment focus of the fund might give rise to increased risk over more diversified funds.

• The value of the fund can be extremely volatile and could go down substantially within a short period of time. It is possible that your

investment value could suffer substantial loss.

• The investment decision is yours, but you should not invest in the product unless the intermediary who sells it to you has advised

you that the product is suitable for you and explained why including how buying it would be consistent with your investment

objective.

• The regulatory requirements of SFC state that investors should not invest in the product unless the intermediary who sells it to you

has advised you that the product is suitable for you and explained how it is consistent with your investment objectives. Note:

Fundsupermart.com is a self-directed online distributor and we only provide limited personal financial advisory services upon a

particular request from client.

Baring Latin America Fund (USD) Y-Inc

RISK DISCLOSURE STATEMENTS

•The Fund may subject to the risk of substantial capital losses arising from investment in emerging markets which involve higher

liquidity, volatility, currency, political and regulatory risk than developed countries.

• The regulatory requirements of SFC state that investors should not invest in the product unless the intermediary who sells it to you

has advised you that the product is suitable for you and explained how it is consistent with your investment objectives. Note:

Fundsupermart.com is a self-directed online distributor and we only provide limited personal financial advisory services upon a

particular request from client.

Schroder ISF-Latin American (USD) A Acc

RISK DISCLOSURE STATEMENTS

•The fund may have significant exposure in financial derivatives instruments (up to 100% of its total net asset) such as options,

futures, contracts for difference, warrants, swaps, forward contracts. Risks associated with these instruments include counterparty

risk, credit risk and liquidity risk. Under extreme market conditions and circumstances, investors may lose entire amount originally

invested.

• The fund’s investment in emerging and less developed markets may be subject to significant risks such as political and economic

risks, legal and regulatory risks, market and settlement risks, execution and counterparty risk, and currency risk.

• You should not make any investment decision solely based on this document. Please read the relevant offering document carefully

for further fund details including risk factors.

• The regulatory requirements of SFC state that investors should not invest in the product unless the intermediary who sells it to you

has advised you that the product is suitable for you and explained how it is consistent with your investment objectives. Note:

Fundsupermart.com is a self-directed online distributor and we only provide limited personal financial advisory services upon a

particular request from client.

Amundi Funds Equity Brazil (USD) A2U Acc

RISK DISCLOSURE STATEMENTS

•This is an equity fund.

• Investing in this fund may expose investors to market, liquidity, volatility, exchange and developing countries risks as well as to risk

of small and medium companies. Share price and currency volatility are generally higher in developing markets. The use of financial

derivative instruments for hedging and efficient portfolio management purposes may lead to exposure to credit risk of the issuer.

• The investment focus of the fund might give rise to increased risk over more diversified funds.

• The value of the fund can be extremely volatile and could go down substantially within a short period of time. It is possible that your

investment value could suffer substantial loss.

• The investment decision is yours, but you should not invest in the product unless the intermediary who sells it to you has advised

you that the product is suitable for you and explained why including how buying it would be consistent with your investment

objective.

• The regulatory requirements of SFC state that investors should not invest in the product unless the intermediary who sells it to you

has advised you that the product is suitable for you and explained how it is consistent with your investment objectives. Note:

Fundsupermart.com is a self-directed online distributor and we only provide limited personal financial advisory services upon a

particular request from client.

Fidelity Funds - Latin America Fund A-USD

RISK DISCLOSURE STATEMENTS

•This fund invests primarily in Latin American equity securities.

•The fund is subject to equities and foreign currency risk.

• The fund’s investments are concentrated in Latin America and will have greater exposure to market, political, legal, economic and

social risks of Latin America and the value of the fund may be more volatile.

• This fund can invest in derivative instruments which may involve additional risks. (For example, leverage may cause greater

volatility.)

• Investors may suffer substantial loss of their investments in the fund.

• Investor should not invest in the fund solely based on the information provided in this document and should read the prospectus

(including potential risks involved) for details.

• The regulatory requirements of SFC state that investors should not invest in the product unless the intermediary who sells it to you

has advised you that the product is suitable for you and explained how it is consistent with your investment objectives. Note:

Fundsupermart.com is a self-directed online distributor and we only provide limited personal financial advisory services upon a

particular request from client.

Macquarie IPO China Concentrated Core Fund (USD) A2 RISK DISCLOSURE STATEMENTS •The Macquarie IPO China Concentrated Core Fund (“Fund”)invests in emerging market securities which are exposed to higher risk of economic, political and regulatory changes. These changes may pose additional risk to the Fund and securities linked to these markets are subject to higher volatility and liquidity risks. •The Fund may invest in IPO Securities - price performance of these securities may be difficult to assess due to lack of trading history. • Investment involves risk which may result in loss of part or entire amount of your investment. • Investors should refer to the explanatory memorandum for more information about risks. • The regulatory requirements of SFC state that investors should not invest in the product unless the intermediary who sells it to you has advised you that the product is suitable for you and explained how it is consistent with your investment objectives. Note: Fundsupermart.com is a self-directed online distributor and we only provide limited personal financial advisory services upon a particular request from client. Templeton China Opportunities Fund (USD) A (Acc) RISK DISCLOSURE STATEMENTS •The Fund invests in emerging market securities which are exposed to higher risk of economic, political and regulatory changes that may pose additional risk to the Fund. •The Fund invests primarily in a single market and is subject to higher concentration risk and as a result may be more volatile than funds following a more diversified policy. • The Fund’s value may be affected by exchange control regulations and changes in exchange rates.

• This investment involves risks which may result in loss of part or entire amount of your investment. Investors should not only base on this marketing material alone to make investment decisions. • The regulatory requirements of SFC state that investors should not invest in the product unless the intermediary who sells it to you has advised you that the product is suitable for you and explained how it is consistent with your investment objectives. Note: Fundsupermart.com is a self-directed online distributor and we only provide limited personal financial advisory services upon a particular request from client.

CCB International - China Policy Driven Fund (HKD)

RISK DISCLOSURE STATEMENTS

•The fund will invest in securities that may significantly be subject to the economic, political and social development and risks in the

PRC.

•The fund may invest in emerging markets, which may be less liquid and more volatile than investments in developed markets.

• The regulatory requirements of SFC state that investors should not invest in the product unless the intermediary who sells it to you

has advised you that the product is suitable for you and explained how it is consistent with your investment objectives. Note:

Fundsupermart.com is a self-directed online distributor and we only provide limited personal financial advisory services upon a

particular request from client.

CIFMHK Funds - CIFM (HK) RMB China A Focus Fund (RMB) A RISK DISCLOSURE STATEMENTS •The Sub-Fund is an investment fund. Investing in the Sub-Fund is not the same as deposits with a bank. There is no guarantee of the repayment of principal. Further, there is no guarantee that the investment objective of the Sub-Fund can be achieved. The value of investments held by the Sub-Fund may fall as well as rise and investors may not get back the original investments. •There is also no guarantee of dividend or distribution payments during the period you hold the units of the Sub-Fund. • Investment in equity securities is subject to market risk. The prices of such securities may also be volatile and a number of factors may affect stock prices, including changes in investment sentiment, political environment, economic environment, regional or global economic instability, currency and interest rate fluctuations. • If the market value of equity securities in which the Sub-Fund invests in goes down, its Net Asset Value may be adversely affected, and investors may suffer substantial losses. • Generally, the prices of debt securities rise when interest rates fall, whilst their prices fall when interest rates rise. Any increase in interest rates or change in macro-economic policies in PRC may adversely impact the value of the Sub-Fund’s investments in bonds or debt instruments. • Investment in debt instruments is subject to the credit risk of the issuers which may not be able to make timely payments of principal and/or interest. In the event of a default or credit rating downgrading of the issuers of the debt instruments held by the Sub-Fund, valuation of the Sub-Fund’s portfolio may become more difficult and investors may suffer a substantial loss as a result. • The Sub-Fund may also encounter difficulties or delays in enforcing its rights against debt instruments issuers who will generally be incorporated in the PRC and therefore not subject to the laws of Hong Kong. This may result in significant loss to the Sub-Fund. • You should not make any investment decision solely based on this document. Please read the relevant offering document carefully for further fund details including risk factors. • The regulatory requirements of SFC state that investors should not invest in the product unless the intermediary who sells it to you has advised you that the product is suitable for you and explained how it is consistent with your investment objectives. Note: Fundsupermart.com is a self-directed online distributor and we only provide limited personal financial advisory services upon a particular request from client.

Adequity Trust - Lyxor Selection China A Fund (USD)

RISK DISCLOSURE STATEMENTS • Investments involve risks. Prospective investors should carefully read the Explanatory Memorandum, Fund Specific memorandum and the Product Key Fact Statements including the risk factors. In addition, prospective investors should seek independent professional financial advice in making their assessment. Investors may sustain a total loss of their investment in the fund. Investors should note that: • Adequity Trust: Lyxor Selection China A Fund (the “Fund”) invests directly in People’s Republic of China (“PRC”) through Lyxor Asset Management as a holder of the Qualified Foreign Institutional Investor (“QFII”) status with an approved foreign exchange quota to remit United States Dollar (“USD”) to PRC and convert them into Renminbi (“RMB”) for investing in onshore Chinese securities. The Fund is denominated in USD (not in RMB). All subscriptions and redemptions are in USD or other major currencies (other than RMB). The Fund involves multi-currency conversions and is therefore subject to risk of higher costs and other multi-currency conversion risks. • The fund will invest at least 70% of its Net Asset Value in the A-Shares markets, with no more than 15% of the Fund’s Net Asset Value will be invested in the Small and Medium-sized Enterprise Board of the Shenzhen Stock Exchange. The Fund may also invest up to 30% of the its Net Asset Value in (i) the H-Shares and/or the Red Chips and/ or the B-Shares; (ii) ETF(s) (including potentially other collective investment scheme(s) not authorized by the SFC) that give(s) investment exposure to the H-Shares and/or the Red Chips and/or the B-Shares; (iii) the shares of those companies which have significant business exposure to the PRC, which shares

are listed on stock exchange(s) in the United States, Taiwan, Singapore or other countries acceptable to the Manager; and (iv) money market instruments and/or short-term deposits. • The Fund is highly specialised and will concentrate its investments in the A-Shares markets. The Fund is likely to be more volatile than a broad-based fund. Investing in emerging markets such as the PRC involves special considerations and risks not typically associated with investment in more developed economies or markets, such as greater political, tax, economic, foreign exchange, liquidity and regulatory risk. • The Fund is subject to rules and restrictions under QFII regulations including rules on investment restrictions, minimum investment holding period and repatriation of principal and profits. The uncertainty and change of the laws and regulations in the PRC may adversely impact the Fund. The rules and regulations which regulate QFII investment are also subject to changes. • The regulatory requirements of SFC state that investors should not invest in the product unless the intermediary who sells it to you has advised you that the product is suitable for you and explained how it is consistent with your investment objectives. Note: Fundsupermart.com is a self-directed online distributor and we only provide limited personal financial advisory services upon a particular request from client.

Invesco Global Health Care Fund (USD) A

RISK DISCLOSURE STATEMENTS

•The Fund is an investment fund investing in specific theme equities.

•Investors should note the equities risk and theme-specific risk associated with the investment.

• Financial derivatives instruments may be used for the purpose of meeting the investment objective of the fund; and such

investment policies or portfolio management techniques may lead to a higher volatility to the net asset value of the fund and can

involve additional risk, including but not limited to counterparty default risk or insolvency.

• The value of the product can be volatile and could go down substantially within a short period of time.

• The regulatory requirements of SFC state that investors should not invest in the product unless the intermediary who sells it to you

has advised you that the product is suitable for you and explained how it is consistent with your investment objectives. Note:

Fundsupermart.com is a self-directed online distributor and we only provide limited personal financial advisory services upon a

particular request from client.

Manulife Advanced Fund SPC - China A Segregated Portfolio (USD) AA

RISK DISCLOSURE STATEMENTS

•Manulife Advanced Fund SPC ( “MAF”) is an umbrella fund currently comprising two sub-funds, both of which, invest directly in

Mainland China through a holder of the Qualified Foreign Institutional Investor (“QFII”) status with an approved foreign exchange

quota to remit United States Dollars (“USD”) to Mainland China and convert them into Renminbi (“RMB”) for investing in Chinese

securities. These sub-funds are not denominated in RMB. All subscriptions and redemptions are in Hong Kong Dollars (“HKD”) or

other Major Currencies. These sub-funds are therefore subject to higher costs and multi-currency conversion risk.

•MAF – China A Segregated Portfolio (the “Fund”) uses a USD QFII quota under the name of the QFII holder for the account of the

Fund to primarily invest directly in RMB-denominated China A-shares.

• RMB is not freely convertible and is subject to exchange controls and restrictions. There is no guarantee that RMB will not

depreciate.

• Various requirements and restrictions under the laws of Mainland China and regulations relating to QFII investments (including

restrictions on repatriation of capital due to the imposition of a Lock-up Period) will restrict the ability of the Fund to invest freely in

Mainland China and may expose it to higher volatility and liquidity risk. Investors, who may have short-term cashflow needs during

the Lock-up Period, should not invest in the Fund.

• If the net amount to be repatriated by the QFII holder exceeds USD50 million, prior approval from the State Administration of

Foreign Exchange is required. In this case, payment of the redemption proceeds may be delayed.

• Investments in Mainland China may be less liquid or more volatile than investments in established markets.

• The uncertainty and change of the laws and regulations of Mainland China and QFII policies and rules may adversely impact the

Fund with potential retrospective effect. Capital gains tax in Mainland China may be imposed and disadvantage an investor if the

Fund’s provisions for tax are inadequate to meet final tax liabilities.

• The Fund offers only monthly dealing in normal market circumstances.

• In the worst case scenario, the Fund may suffer losses potentially equal to all their investment in Mainland China domestic

securities. An investor redeeming shares in the Fund may still be subject to the performance fee, even though he /she has suffered

a loss in investment capital.

• The regulatory requirements of SFC state that investors should not invest in the product unless the intermediary who sells it to you

has advised you that the product is suitable for you and explained how it is consistent with your investment objectives. Note:

Fundsupermart.com is a self-directed online distributor and we only provide limited personal financial advisory services upon a

particular request from client.

Harvest Funds (Hong Kong) - Harvest China A Research Select Fund (RMB) A

RISK DISCLOSURE STATEMENTS

•The Product: Harvest China A Research Select Fund (the “Sub-Fund”) invests primarily in China A-Shares through the RQFII quota

of the Manager.

•Investment Risk: The Sub-Fund is an investment fund. There is no guarantee of the repayment of principal. The instruments

invested by the Sub-Fund may fall in value and therefore your investment in the Sub-Fund may suffer losses. Under extreme

circumstances, you may lose entire amount originally invested.

• China market risk / Single country investment risk: The Sub-Fund invests substantially in securities issued in mainland China and

may be subject to additional concentration risk. Investment in the China market is subject to emerging market risk including political,

economic, legal, regulatory and liquidity risks.

• RQFII risk: The RQFII rules are relatively new and their application may depend on the interpretation of the Chinese authorities.

Any changes to the relevant rules may have an adverse impact on investors’ investment in the Sub-Fund.

• PRC tax risk：The Sub-Fund may be subject to the risks associated with changes in the PRC laws and regulations, including PRC

tax laws, and such changes may have retrospective effect and may adversely affect the Sub-Fund. After considering various factors,

including the PRC tax rules and practices, the current market accounting practices and independent tax advice, the Manager will at

present make a provision of 10% for the account of the Sub-Fund in respect of any potential withholding income tax (“WIT”) on

capital gains and on dividend and interest if the relevant WIT is not withheld at source. Such provisions may be excessive or

inadequate to meet the actual tax liabilities. In case of any shortfall between the provisions and actual tax liabilities, which will be

debited from the Sub-Fund’s assets, the asset value of the Sub-Fund will be adversely affected.

• RMB currency risk: Renminbi is currently not freely convertible and is subject to exchange controls by the Chinese government

and investors may be adversely affected by movements of the exchange rates between Renminbi and other currencies. There is no

guarantee that RMB will not depreciate.

• The regulatory requirements of SFC state that investors should not invest in the product unless the intermediary who sells it to you

has advised you that the product is suitable for you and explained how it is consistent with your investment objectives. Note:

Fundsupermart.com is a self-directed online distributor and we only provide limited personal financial advisory services upon a

particular request from client.

CSI RMB China A-Shares Diversification Fund (RMB) Acc

RISK DISCLOSURE STATEMENTS •The Fund is subject to RQFII regulations in the PRC. The RQFII Regulations are relatively new and novel in nature. Any uncertainty and change to the relevant laws and regulations (such as PRC tax laws and repatriation policy) in the PRC adversely impact the Fund. •The Fund will primarily invest in Chinese A-Shares which may significantly be subject to the economic, political and social development and risks in the PRC. As such, the Fund may be more volatile and subject to higher concentration risk than a broad based fund. • The Fund is concentrated in securities related to Chinese A-Shares markets, an emerging market, which may be more volatile than investments in developed markets. • RMB is currently not freely convertible and is subject to exchange controls and restrictions. • Investment in this Fund involves risks. You may lose part or all of your investment. This Fund may not be suitable for all investors. For further details on the Fund, including risk factors, investors should carefully read the Fund's prospectus. • The past performance information in this Factsheet is not indicative of future performance. • Investors should not solely rely on this document to make any investment decision. • The regulatory requirements of SFC state that investors should not invest in the product unless the intermediary who sells it to you has advised you that the product is suitable for you and explained how it is consistent with your investment objectives. Note: Fundsupermart.com is a self-directed online distributor and we only provide limited personal financial advisory services upon a particular request from client. Franklin Biotechnology Discovery Fund (USD) A(Acc)

RISK DISCLOSURE STATEMENTS

•The Fund may invest in small and mid-sized companies, and as a result may be subject to lower liquidity and more volatility than

funds investing wholly in larger companies.

•The Fund invests primarily in a single sector, and is subject to higher concentration risk and as a result may be more volatile than

funds following a more diversified policy.

• The Fund’s value may be affected by exchange control regulations and changes in exchange rates.

• This investment involves risks which may result in loss of part or entire amount of your investment.

• The regulatory requirements of SFC state that investors should not invest in the product unless the intermediary who sells it to you

has advised you that the product is suitable for you and explained how it is consistent with your investment objectives. Note:

Fundsupermart.com is a self-directed online distributor and we only provide limited personal financial advisory services upon a

particular request from client.

Invesco Korean Equity Fund (USD) A

RISK DISCLOSURE STATEMENTS •The Fund is an investment fund investing in single country equities.

•Investors should note the equities risk and emerging market risk associated with the investment.

• Financial derivatives instruments may be used for the purpose of meeting the investment objective of the fund; and such

investment policies or portfolio management techniques may lead to a higher volatility to the net asset value of the fund and can

involve additional risk, including but not limited to counterparty default risk or insolvency.

• The value of the product can be volatile and could go down substantially within a short period of time.

• The regulatory requirements of SFC state that investors should not invest in the product unless the intermediary who sells it to you

has advised you that the product is suitable for you and explained how it is consistent with your investment objectives. Note:

Fundsupermart.com is a self-directed online distributor and we only provide limited personal financial advisory services upon a

particular request from client.

First State China Growth Fund (USD) I RISK DISCLOSURE STATEMENTS •The Fund is a portfolio that invests in securities issued by companies with either assets in, or revenues derived from the People’s Republic of China. •Other than the “Risk factors” of the Fund’s offering document - particularly the China Market Risk and Emerging Markets Risks, the Fund also involves Single Country Risk. • The value of the Fund can be extremely volatile according to the change of market situation and could go down within a short period of time. It is possible that the entire value of your investment could be lost. • The regulatory requirements of SFC state that investors should not invest in the product unless the intermediary who sells it to you has advised you that the product is suitable for you and explained how it is consistent with your investment objectives. Note: Fundsupermart.com is a self-directed online distributor and we only provide limited personal financial advisory services upon a particular request from client.

Jupiter Global Fund - Jupiter European Growth (USD Hedged) L Acc

RISK DISCLOSURE STATEMENTS

•The Fund primarily invests in equities and equity-related securities in Europe, which may be subject to strong price fluctuations and

could deteriorate significantly should any adverse credit events occur; it is also likely to be more volatile than funds with a broader

range of investments. The Fund may fall in value and therefore investment in the Fund may suffer losses.

•The Fund may make use of any one or a combination of the following instruments for hedging or efficient portfolio management

purposes only: futures, options and swaps and other financial derivative instruments (“FDI”). In adverse circumstances, the Fund’s

use of financial derivative instruments may become ineffective in hedging/efficient portfolio management and the Fund may suffer

significant losses in relation to those investments.

• The Fund may invest in assets which are not in its base currency, and therefore the investment returns may be affected by the

fluctuations in currency rates and subject to foreign exchange risks.

• Investors should not base their investment decision on this document alone and must refer to the Hong Kong offering documents

of the Fund for further details (including risk factors) prior to investing.

• The regulatory requirements of SFC state that investors should not invest in the product unless the intermediary who sells it to you

has advised you that the product is suitable for you and explained how it is consistent with your investment objectives. Note:

Fundsupermart.com is a self-directed online distributor and we only provide limited personal financial advisory services upon a

particular request from client.

Franklin Biotechnology Discovery Fund (USD) A(Acc) RISK DISCLOSURE STATEMENTS •The Fund may invest in small and mid-sized companies, and as a result may be subject to lower liquidity and more volatility than funds investing wholly in larger companies. •The Fund invests primarily in a single sector, and is subject to higher concentration risk and as a result may be more volatile than funds following a more diversified policy. • The Fund’s value may be affected by exchange control regulations and changes in exchange rates. • This investment involves risks which may result in loss of part or entire amount of your investment • The regulatory requirements of SFC state that investors should not invest in the product unless the intermediary who sells it to you has advised you that the product is suitable for you and explained how it is consistent with your investment objectives. Note: Fundsupermart.com is a self-directed online distributor and we only provide limited personal financial advisory services upon a particular request from client. BlackRock Global Funds - World Gold Fund (USD) A2 RISK DISCLOSURE STATEMENTS •The Fund is subject to above-average volatility inherent in gold shares. The Fund has a particularly concentrated portfolio and if a particular investment declines in value it may have a more pronounced effect than if the Fund held a larger number of investments. The Fund invests in smaller company shares which can be more volatile and less liquid than those of larger companies. The Fund invests in certain emerging markets that may be subject to additional risks from political, economic and market factors. •The Fund may use derivatives to hedge market and currency risk and for efficient portfolio management. However, derivatives will not be extensively or primarily used for investment purposes. In an adverse situation, the Fund may suffer significant losses from

their derivatives usage for hedging and efficient portfolio management. • The value of a Fund can be volatile and could go down substantially within a short period of time. It is possible that the certain amount of your investment could be lost. • Investors should not only base on this marketing material alone to make investment decisions. • The regulatory requirements of SFC state that investors should not invest in the product unless the intermediary who sells it to you has advised you that the product is suitable for you and explained how it is consistent with your investment objectives. Note: Fundsupermart.com is a self-directed online distributor and we only provide limited personal financial advisory services upon a particular request from client. BlackRock Global Funds - World Gold Fund (USD) A2 RISK DISCLOSURE STATEMENTS •The Fund is subject to above-average volatility inherent in gold shares. The Fund has a particularly concentrated portfolio and if a particular investment declines in value it may have a more pronounced effect than if the Fund held a larger number of investments. The Fund invests in smaller company shares which can be more volatile and less liquid than those of larger companies. The Fund invests in certain emerging markets that may be subject to additional risks from political, economic and market factors. •The Fund may use derivatives to hedge market and currency risk and for efficient portfolio management. However, derivatives will not be extensively or primarily used for investment purposes. In an adverse situation, the Fund may suffer significant losses from their derivatives usage for hedging and efficient portfolio management. • The value of a Fund can be volatile and could go down substantially within a short period of time. It is possible that the certain amount of your investment could be lost. • Investors should not only base on this marketing material alone to make investment decisions. • The regulatory requirements of SFC state that investors should not invest in the product unless the intermediary who sells it to you has advised you that the product is suitable for you and explained how it is consistent with your investment objectives. Note: Fundsupermart.com is a self-directed online distributor and we only provide limited personal financial advisory services upon a particular request from client. Fidelity Funds - Global Dividend Fund A-MIncome-USD RISK DISCLOSURE STATEMENTS •This fund invests primarily in income producing equity securities globally. •This fund is subject to equities and foreign currency risk. • This fund can invest in derivative instruments which may involve additional risks. (For example, leverage may cause greater volatility.) • Although the fund will generally invest in globally income-producing equities, it is not guaranteed that all underlying investments will generate dividends. To the extent that underlying investments of the fund are income producing, higher dividend yields generally mean that there will be reduced capital appreciation. • Dividends may be paid out of gross income and on occasion out of capital at the discretion of the board of Directors of the fund. There is a risk that dividends paid out of capital may erode the capital value of the underlying investments and may result in an immediate reduction in the fund's net asset value per share. Any such payments out of capital will only be made to seek to maintain a stable payment per share but the payment per share is not fixed. Dividend yield of the fund does not represent the return of the fund, and past dividend yield does not represent future dividend yield. The dividends are not guaranteed. In case of distribution of gross investment income, all or part of the fund's fees and expenses may be charged to the capital at the discretion of the board of Directors of the fund, resulting in an increase in distributable income for the payment of dividends by the fund and therefore, the fund may effectively pay dividend out of capital. This may reduce the capital that the fund has available for investment in the future and may constrain capital growth. • The regulatory requirements of SFC state that investors should not invest in the product unless the intermediary who sells it to you has advised you that the product is suitable for you and explained how it is consistent with your investment objectives. Note: Fundsupermart.com is a self-directed online distributor and we only provide limited personal financial advisory services upon a particular request from client.

Fidelity Funds - Indonesia Fund A-USD

RISK DISCLOSURE STATEMENTS

•The Fidelity Funds is an umbrella fund with sub-funds investing in equities, debt, money market securities and/or other instruments,

including derivatives.

•These funds may be subject to the risks of investing in emerging markets which may be more volatile, and to concentration risks of

investing in a single or in a limited number of market(s) or sector(s).

• These funds may invest in non-investment grade bonds which may be more volatile and subject to greater credit and liquidity

risks.

• These funds may invest in derivative instruments and / or structured products which may involve additional risks. (For example,

leverage may cause greater volatility.)

• Investors may suffer substantial loss of their investments in the funds.

• The regulatory requirements of SFC state that investors should not invest in the product unless the intermediary who sells it to you

has advised you that the product is suitable for you and explained how it is consistent with your investment objectives. Note:

Fundsupermart.com is a self-directed online distributor and we only provide limited personal financial advisory services upon a

particular request from client.

Man AHL Diversified Futures Ltd (USD) Tranche A

RISK DISCLOSURE STATEMENTS

•Man AHL Diversified Futures Ltd (the ‘Fund’) primarily invests in futures and options.

• Futures and options investments are subject to key risk factors including leverage, counterparty and liquidity risks and substantial

losses may be suffered.

• Futures and options investments and the Fund’s value may rise as rapidly as it may fall and substantial losses may be suffered, in

the worst case scenario, the value of the Fund may be worth substantially less than the original amount you have invested.

• The Fund is an investment product. The investment decision is yours but you should not invest in the Fund unless the intermediary

who sells it to you has explained to you that the Fund is suitable for you having regard to your financial situation, investment

experience and investment objectives.

• The regulatory requirements of SFC state that investors should not invest in the product unless the intermediary who sells it to you

has advised you that the product is suitable for you and explained how it is consistent with your investment objectives. Note:

Fundsupermart.com is a self-directed online distributor and we only provide limited personal financial advisory services upon a

particular request from client.

Schroder ISF-Asian Opportunities (USD) A Acc

RISK DISCLOSURE STATEMENTS

•The fund may have significant exposure in financial derivatives instruments (up to 100% of its total net asset) such as options,

futures, contracts for difference, warrants, swaps, forward contracts. Risks associated with these instruments include counterparty

risk, credit risk and liquidity risk. Under extreme market conditions and circumstances, investors may lose entire amount originally

invested.

•The fund’s investment in emerging and less developed markets may be subject to significant risks such as political and economic

risks, legal and regulatory risks, market and settlement risks, execution and counterparty risk, and currency risk.

• You should not make any investment decision solely based on this document. Please read the relevant offering document carefully

for further fund details including risk factors.

• The regulatory requirements of SFC state that investors should not invest in the product unless the intermediary who sells it to you

has advised you that the product is suitable for you and explained how it is consistent with your investment objectives. Note:

Fundsupermart.com is a self-directed online distributor and we only provide limited personal financial advisory services upon a

particular request from client.

First State Asian Equity Plus Fund (USD) I Dis RISK DISCLOSURE STATEMENTS •Please refer to the Fund's offering document for the details of its ""Risk factors"", particularly the Emerging Markets Risks. •The value of the Fund can be extremely volatile according to the change of market situation and could go down within a short period of time. It is possible that the entire value of your investment could be lost. • The regulatory requirements of SFC state that investors should not invest in the product unless the intermediary who sells it to you has advised you that the product is suitable for you and explained how it is consistent with your investment objectives. Note: Fundsupermart.com is a self-directed online distributor and we only provide limited personal financial advisory services upon a particular request from client. Franklin Sealand China Prospect Mixed Assets Fund (RMB) H RISK DISCLOSURE STATEMENTS •Franklin Sealand China Prospect Mixed Assets Fund (the “Fund”) is authorized for public offering in Hong Kong pursuant to the Mainland-Hong Kong Mutual Recognition of Funds (“MRF”) arrangement. •The Fund seeks long-term appreciation of assets by investing primarily in A-Shares publicly issued and listed according to laws within China. The Fund may also invest 5% - 40% of its net assets in bonds issued according to laws within China, cash equivalent assets, and other types of securities permitted by CSRC. • The Fund is subject to risks associated with MRF arrangement, including quota restrictions, eligibility requirements, Mainland China tax risk and different market practices. • The Fund invests primarily in securities related to the Mainland China market and is subject to higher concentration risk and as a result may be more volatile than funds following a more diversified policy. These securities are exposed to higher risk of market, volatility, high valuation, liquidity, small and mid-capitalisation companies, political and regulatory changes that may pose additional risk to the Fund. • RMB is currently not freely convertible and is subject to exchange controls and restrictions. There is no guarantee that RMB will not depreciate. Investments acquired by the Fund will be denominated in RMB whereas the classes of units of the Fund may be denominated in other currencies, which may expose investors to exchange rate fluctuations. Under exceptional circumstance, investors of the CNH class may not receive RMB upon redemption of investments and/or dividend payment or such payment may be delayed due to the exchange controls and restrictions applicable to RMB. • The Fund may invest in defaulted debt securities on which the issuers are not currently making interest payment, and as a result may be subject to liquidity and counterparty default risks. • The Fund may at its discretion pay dividend out of the capital of the relevant class.

• Payment of dividends 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 distributions involving payment of dividends out of the relevant class’ capital or payment of dividends effectively out of the relevant class’ capital (as the case may be) may result in an immediate reduction of the net asset value per share. • This investment involves risks which may result in loss of part or entire amount of your investment. • Before you decide to invest, you should make sure the intermediary has explained to you that the fund is suitable for you. • Investors should not only base on this marketing material alone to make investment decisions. • The regulatory requirements of SFC state that investors should not invest in the product unless the intermediary who sells it to you has advised you that the product is suitable for you and explained how it is consistent with your investment objectives. Note: Fundsupermart.com is a self-directed online distributor and we only provide limited personal financial advisory services upon a particular request from client.

Zeal Investment Series - Zeal China Connect Fund (HKD) Acc RISK DISCLOSURE STATEMENTS •The Fund primarily invests in equities and debt securities with a China focus. This may result in greater volatility than portfolios which comprise broad-based global investments. • The value of the Fund may be more susceptible to adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory events affecting China. • The Fund may invest in debt securities (which maybe lower-rated or unrated) and asset-backed securities which may involve additional risks including greater credit, volatility, liquidity and interest rate risk and extension and prepayment risks. • The Fund may invest in derivatives and access products which may involve additional risks including greater volatility and liquidity risks. • The Fund’s investment through the Shanghai-Hong Kong Stock Connect may involve additional risks. The Fund may invest in other funds which will be subject to another layer of fees charged at the underlying funds’ level. • RMB is currently not freely convertible and is subject to exchange controls and restrictions. There is no guarantee that the value of RMB against the Fund’s and the investors’ base currencies (for example, HKD) will not depreciate. Any depreciation of RMB could adversely affect the value of investors’ investment in the Fund. • For currency hedged share classes, the currency hedging may not be a precise hedge and there is no guarantee that the hedging will be entirely successful. • You should not invest in the Fund solely based on this information. Prior to investing, please refer to the Explanatory Memorandum of the Fund for details including the risk factors. • The regulatory requirements of SFC state that investors should not invest in the product unless the intermediary who sells it to you has advised you that the product is suitable for you and explained how it is consistent with your investment objectives. Note: Fundsupermart.com is a self-directed online distributor and we only provide limited personal financial advisory services upon a particular request from client. GF Industry Leaders Mixed Assets Fund (RMB) H RISK DISCLOSURE STATEMENTS •GF Industry Leaders Mixed Assets Fund (the "Fund") invests primarily in securities related to the Mainland China market and may be subject to additional concentration risk. Investment in the Mainland China market is exposed to various risks including political, policy, tax, economic, foreign exchange, legal, regulatory and liquidity risks. • The Fund is authorised by the Securities and Futures Commission (“SFC”) pursuant to the Mainland-Hong Kong Mutual Recognition of Funds (“MRF”) regime, and subject to an overall quota restriction. Subscription may be suspended if such quota is used up. If the Fund ceases to meet the eligibility requirements under MRF, the Fund may not accept new subscriptions and its authorization status may be withdrawn. There is no assurance that the Fund can satisfy these requirements on a continuous basis. • The fund is an investment fund. There is no guarantee of the repayment of principal or payment of dividend or distribution in the holding period. In the worse scenario, the investors may lose entire amount originally invested. • Currently, certain tax concessions and exemptions are available to the Fund and/or its corporate and individual investors under the MRF regime. There is no assurance that such concessions and exemptions or Mainland China tax laws and regulations will not change. Any changes may adversely affect the Fund and/or its investors and they may suffer substantial losses as a result. • Market practices in the Mainland China and Hong Kong may be different. Investors should understand the differences and the implications. • Investors of the Fund may be subject to RMB currency and conversion risks. • In addition to general market risks, the investments in Mainland equities may adversely be affected by high market volatility and valuation, potential settlement difficulties, and policies that may affect the Mainland equities. • The Mainland China debt securities are subject to higher volatility, lower liquidity compared to more developed markets, and involve interest rate risk, downgrading risk and credit/default risk . The credit appraisal system and the rating methodologies in Mainland China may be different from other markets, therefore the rating may not be directly comparable with other international rating agencies. • The Fund may invest in urban investment bonds which may be adversely affected by any issuer's default; and may invest in asset-backed securities and debt securities which are rated BB+ or below by a Mainland China credit rating agency or unrated, such securities are generally subject to higher credit, liquidity and interest rate risk. • The Fund may at its discretion pay dividend out of the capital of the Fund, means withdrawal of part of a unitholder’s original investment or from any capital gains attributable to that original investment, such payment will result in an immediate decrease in the Net Asset Value per unit. • The regulatory requirements of SFC state that investors should not invest in the product unless the intermediary who sells it to you has advised you that the product is suitable for you and explained how it is consistent with your investment objectives. Note:

Fundsupermart.com is a self-directed online distributor and we only provide limited personal financial advisory services upon a particular request from client. Amundi HK - Global Ageing Planet Opportunities Fund (RMB Hedged) Acc RISK DISCLOSURE STATEMENTS •This is an equity fund invested in global equities and money market instruments (including cash). The fund will have limited RMB-denominated underlying investments. The value of the fund could then be more volatile and the fund may suffer significant losses. •Investing in this fund may involve equity risk, market and volatility risk, currency risk, concentration risk, RMB classes related risk, hedging risk, and profit distribution policy-related risk. It may also involve risks attached to the use of Financial Derivative Instruments (FDI) for hedging and investment purposes, and risk of small and medium sized companies. • As RMB is not freely convertible, the investment in RMB classes may be adversely affected by the fluctuation in the exchange rate between RMB and other foreign currencies and the liquidity of RMB at the relevant time. In case of sizable redemption requests for the RMB classes, the Manager has the absolute discretion to delay any payment of redemption requests from the RMB classes. • For hedged classes, there is no guarantee that the hedging techniques employed by the manager will fully and effectively achieve the desired result and effect. Furthermore the volatility of the hedged classes may be higher than that of the equivalent class denominated in the fund’s base currency. If the counterparties of the instruments used for hedging purpose default, investors of the hedged classes may be exposed to currency exchange risk of the currency of denomination of the relevant class on an unhedged basis and may therefore suffer further losses. • For Distribution classes, the Manager may at its discretion determine to pay dividends out of income or capital of the fund. In addition, the Manager may at its discretion pay dividends out of gross income while charging / paying all or part of the fund’s fees and expenses to the capital of the fund, resulting in an increase in distributable income for the payment of dividends by the fund, in which case, the fund is effectively paying dividends out of capital. Payment of dividends 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. Such distributions may result in an immediate reduction in the net asset value per unit of the fund. • For Distribution II class, the quarterly distribution is not guaranteed, and the fund’s asset for this share class available for investment will be further decreased after each quarterly dividend payment. • Investors must read the offering document carefully for further fund details, especially the details of risk factors. Investors should not only base on this marketing material alone to make investment decisions. • The regulatory requirements of SFC state that investors should not invest in the product unless the intermediary who sells it to you has advised you that the product is suitable for you and explained how it is consistent with your investment objectives. Note: Fundsupermart.com is a self-directed online distributor and we only provide limited personal financial advisory services upon a particular request from client. Amundi HK - Global Ageing Planet Opportunities Fund (USD) Acc RISK DISCLOSURE STATEMENTS •This is an equity fund invested in global equities and money market instruments (including cash). The fund will have limited RMB-denominated underlying investments. The value of the fund could then be more volatile and the fund may suffer significant losses. •Investing in this fund may involve equity risk, market and volatility risk, currency risk, concentration risk, RMB classes related risk, hedging risk, and profit distribution policy-related risk. It may also involve risks attached to the use of Financial Derivative Instruments (FDI) for hedging and investment purposes, and risk of small and medium sized companies. • As RMB is not freely convertible, the investment in RMB classes may be adversely affected by the fluctuation in the exchange rate between RMB and other foreign currencies and the liquidity of RMB at the relevant time. In case of sizable redemption requests for the RMB classes, the Manager has the absolute discretion to delay any payment of redemption requests from the RMB classes. • For hedged classes, there is no guarantee that the hedging techniques employed by the manager will fully and effectively achieve the desired result and effect. Furthermore the volatility of the hedged classes may be higher than that of the equivalent class denominated in the fund’s base currency. If the counterparties of the instruments used for hedging purpose default, investors of the hedged classes may be exposed to currency exchange risk of the currency of denomination of the relevant class on an unhedged basis and may therefore suffer further losses. • For Distribution classes, the Manager may at its discretion determine to pay dividends out of income or capital of the fund. In addition, the Manager may at its discretion pay dividends out of gross income while charging / paying all or part of the fund’s fees and expenses to the capital of the fund, resulting in an increase in distributable income for the payment of dividends by the fund, in which case, the fund is effectively paying dividends out of capital. Payment of dividends 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. Such distributions may result in an immediate reduction in the net asset value per unit of the fund. • For Distribution II class, the quarterly distribution is not guaranteed, and the fund’s asset for this share class available for investment will be further decreased after each quarterly dividend payment. • Investors must read the offering document carefully for further fund details, especially the details of risk factors. Investors should not only base on this marketing material alone to make investment decisions. • The regulatory requirements of SFC state that investors should not invest in the product unless the intermediary who sells it to you has advised you that the product is suitable for you and explained how it is consistent with your investment objectives. Note: Fundsupermart.com is a self-directed online distributor and we only provide limited personal financial advisory services upon a particular request from client. Manulife Hong Kong Series - Global Dynamic Asset Allocation Fund (USD) AA M-Inc RISK DISCLOSURE STATEMENTS •Manulife Hong Kong Series - Manulife Global Dynamic Asset Allocation Fund (the "Fund") invests in a diversified portfolio of equities, debt securities, exchange-traded funds and/or collective investment schemes, which may involve market, liquidity, credit,

credit ratings, below investment grade and unrated securities, interest rates, valuation, unlisted debt securities, currency, foreign exchange, hedging, and distribution risks. •The Fund is subject to the risks of investing in other funds and the risks relating to asset allocation strategy and downside risk management process. • Dividends may be paid out of capital of the Fund and out of gross income while charging / paying all or part of the Fund’s fees and expenses to / out of capital of the Fund. This represents a return or a withdrawal of part of an investor's original investment amount or capital gain attributable to that amount. Distributions will result in an immediate decrease in the net asset value of the relevant units. • As RMB is not freely convertible, currency conversion is subject to availability of RMB at the relevant time. There can be no assurance that RMB will not be subject to devaluation. Insufficient amount of RMB for currency conversion or devaluation of RMB could adversely affect the value of investors’ investments in the RMB class(es) of the Fund. • Investment involves risk. The Fund may expose its investors to capital loss. Investors should not base on this material alone to make investment decisions and should read the offering document for details, including the risk factors, charges and features of the Fund and its unit classes. • The regulatory requirements of SFC state that investors should not invest in the product unless the intermediary who sells it to you has advised you that the product is suitable for you and explained how it is consistent with your investment objectives. Note: Fundsupermart.com is a self-directed online distributor and we only provide limited personal financial advisory services upon a particular request from client. Manulife Hong Kong Series - Global Dynamic Asset Allocation Fund (RMB-Hedged) AA M-Inc RISK DISCLOSURE STATEMENTS •Manulife Hong Kong Series - Manulife Global Dynamic Asset Allocation Fund (the "Fund") invests in a diversified portfolio of equities, debt securities, exchange-traded funds and/or collective investment schemes, which may involve market, liquidity, credit, credit ratings, below investment grade and unrated securities, interest rates, valuation, unlisted debt securities, currency, foreign exchange, hedging, and distribution risks. •The Fund is subject to the risks of investing in other funds and the risks relating to asset allocation strategy and downside risk management process. • Dividends may be paid out of capital of the Fund and out of gross income while charging / paying all or part of the Fund’s fees and expenses to / out of capital of the Fund. This represents a return or a withdrawal of part of an investor's original investment amount or capital gain attributable to that amount. Distributions will result in an immediate decrease in the net asset value of the relevant units. • As RMB is not freely convertible, currency conversion is subject to availability of RMB at the relevant time. There can be no assurance that RMB will not be subject to devaluation. Insufficient amount of RMB for currency conversion or devaluation of RMB could adversely affect the value of investors’ investments in the RMB class(es) of the Fund. • Investment involves risk. The Fund may expose its investors to capital loss. Investors should not base on this material alone to make investment decisions and should read the offering document for details, including the risk factors, charges and features of the Fund and its unit classes. • The regulatory requirements of SFC state that investors should not invest in the product unless the intermediary who sells it to you has advised you that the product is suitable for you and explained how it is consistent with your investment objectives. Note: Fundsupermart.com is a self-directed online distributor and we only provide limited personal financial advisory services upon a particular request from client. BlackRock Global Funds - China Fund (HKD) A2 Acc RISK DISCLOSURE STATEMENTS •The Fund invests in certain emerging markets that may be subject to additional risks arising from political, economic and market factors. The Fund's investments in equities could incur significant losses due to fluctuation of equity values. The Fund's investments are concentrated in China. This may result in greater volatility than more broad-based investments. Additional risks relate to liquidity and the repatriation of capital for investment in equity securities in China. The Fund invests in small-cap company shares which can be more volatile and less liquid than those of larger companies. •The Fund may use derivatives to hedge market and currency risk and for efficient portfolio management. However, derivatives will not be extensively or primarily used for investment purposes. In an adverse situation, the Fund may suffer significant losses from their derivatives usage for hedging and efficient portfolio management. • The value of a Fund can be volatile and could go down substantially within a short period of time. It is possible that the certain amount of your investment could be lost. • The regulatory requirements of SFC state that investors should not invest in the product unless the intermediary who sells it to you has advised you that the product is suitable for you and explained how it is consistent with your investment objectives. Note: Fundsupermart.com is a self-directed online distributor and we only provide limited personal financial advisory services upon a particular request from client.