Voyage Zelec China Fund

The Fund's objective is to generate long-term capital appreciation by primarily investing in listed equities with a China focus. The Fund will seek to achieve its objective through exposure to companies established in China or derive a significant proportion of their revenue from businesses related to China. The Fund may also invest in companies incorporated elsewhere that have significant assets, businesses, productions, trading activities or other interests in China.

• Adopt bottom-up "Value Investing" philosophy.
• The Fund will not attempt to track any benchmark indices in determining its sector & stock allocation while making investments into companies that, in the Manager's opinion, have been undervalued by the market.
• The Fund will invest with flexibility in China related stocks listed in Hong Kong and B-shares listed in Shanghai and/or Shenzhen.

• China is not only the factory of the world, but also has the fastest growing domestic consumption market. With high stable growth rate of GDP, Chinese corporations are poised to be well performing.
• China has overtaken Japan as the second largest economy in the world. Institutional investors, however, still underweigh the Chinese market in their portfolios.
• After the Financial Tsunami, valuation of China related stocks showed bargains given their growth potential.

• China is the best market to adopt the value investing approach given its high growth potential and large number of companies with varying standards in corporate governance.
• Large cap Chinese stocks are always the focus of global investors, leaving out many small to mid size China related stocks due to lack of market attention, therefore providing plenty of goldmines awaiting to be discovered.

• The Fund is managed by investment team with solid and outstanding track record in the Greater China region.
• Providing institutional level portfolio management services to retail investors.