LU1794554557

Allianz All China Equity Fund SGD-Hedged(LU1794554557)

Equities
China
SGD Cash, SRS
Accumulating

Invest with

SGD Cash, SRS

Payout type

Accumulating

Risk rating

About this fund

Description

The Fund aims to attain long-term capital growth by primarily investing in equities issued by Chinese companies domiciled in onshore and offshore PRC, Hong Kong, and Macau equity markets.

Key information

Annual report

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Product Highlight Sheet

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Prospectus

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Information Memorandum

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Factsheet

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Our perspective

Why we think this fund is best-in-class

Product

Offers a balanced portfolio of Chinese companies listed across both onshore and offshore exchanges. Provides systematic exposure to long-term growth opportunities while operating on a benchmark-aware basis relative to the MSCI China All Shares Index. Utilizes a region-neutral allocation approach across Shanghai, Shenzhen, Hong Kong, and US-listed Chinese equities.

People

Led by a co-portfolio management team with an average of over 20 years of investment experience in the region. Supported by a dedicated team of more than 10 China and regional analysts specializing in diverse market sectors. Leverages an internal research platform that provides proprietary, on-the-ground analysis to support fundamental decision-making.

Performance

Targets structural alpha by capturing upside potential during growth phases in the Chinese equity markets. Focuses on long-term outperformance over a full market cycle through fundamental security selection. Experiences performance characteristics that are closely tied to the broader volatility and recovery cycles of the Chinese economy.

Process

Employs a rigorous, fundamental-driven stock selection process to identify high-conviction investment opportunities. Focuses on identifying companies with sustainable growth trajectories that are trading at reasonable valuations. Integrates independent, on-the-ground research to validate growth assumptions and company fundamentals. Maintains a disciplined portfolio construction framework to balance regional exposures and benchmark alignment. Ensures portfolio deviations remain within a strict 10% tracking limit of the broader benchmark to manage relative risk.

Cost

Endowus offers retail share class with 100% trailer fee rebated back to Endowus investors to achieve lower cost of access.

How it fits in a portfolio

Serves as a comprehensive single-fund solution for investors seeking balanced exposure to the entire China equity universe, including A, B, and H shares and ADRs. Acts as a specialized satellite holding for those looking to capture specific growth themes within the Chinese economy. Suitable for investors who can tolerate the heightened volatility and unique regulatory risks associated with emerging market equity allocations.

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Performance

Returns

NAV

Shows the total return of this accumulating fund, which includes dividends reinvested.

Total returns

Cumulative

Annualised

All Time

11.78%

YTD

-5.83%

1 month

-9.08%

6 month

-11.24%

1 year

15.99%

3 year

7.17%

5 year

-32.39%

As of Mar 2026

Distributions

This is an accumulating fund, so dividends are re-invested at the fund level.

Risk metrics

Max drawdown

-61.27%As of Mar 2026

Volatility

24.21%As of Mar 2026

Calendar returns

Year	Total	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2026	-	5.4%	-1.7%	-9.1%	-	-	-	-	-	-	-	-	-
2025	35.5%	1.0%	7.8%	1.1%	-4.8%	2.4%	4.5%	5.6%	11.1%	9.3%	-4.7%	-3.3%	2.3%
2024	8.5%	-12.0%	9.2%	0.5%	5.5%	-0.1%	-1.6%	-1.9%	-0.1%	20.7%	-5.6%	-4.3%	1.5%
2023	-22.3%	9.6%	-10.0%	1.7%	-5.8%	-9.0%	2.3%	8.3%	-8.4%	-5.2%	-3.6%	1.8%	-4.4%
2022	-30.4%	-6.4%	-1.2%	-10.3%	-5.9%	0.4%	5.9%	-7.3%	-2.2%	-12.0%	-15.0%	18.0%	5.0%
Load more		5 of 9

Top Exposures

Holdings

Regions

Sectors

Tencent Holdings Ltd	7.96%
Alibaba Group Holding Ltd Ordinary Shares	7.67%
Zijin Mining Group Co Ltd Class H	3.82%
China Construction Bank Corp Class H	3.64%
Ping An Insurance (Group) Co. of China Ltd Class A	2.55%
Sieyuan Electric Co Ltd Class A	2.47%
Industrial And Commercial Bank Of China Ltd Class H	2.45%
Contemporary Amperex Technology Co Ltd Class A	2.42%
Yantai Jereh Oilfield Services Group Co Ltd Class A	2.21%
NAURA Technology Group Co Ltd Class A	2.04%
Ping An Insurance (Group) Co. of China Ltd Class H	1.98%
Zhongji Innolight Co Ltd Class A	1.80%
Kweichow Moutai Co Ltd Class A	1.78%
Advanced Micro-fabrication Equipment Inc Class A	1.62%
Shenzhen Envicool Technology Co Ltd Class A	1.53%

Top exposures represent up to 15 of the fund's largest exposures for each category. Allocation percentages may not sum up to 100% and can include negative values due to rounding or trading activities by the underlying fund managers, including short positions.

Fund fees

2.31%1.44% p.a.

Save 37%

Fund facts

ISIN

LU1794554557

Fund house

AllianzGI

Fund size

S$1.1B

As of 17 Apr 2026

Fund inception date

13 Apr 2018

Fund class currency

SGD

Fund share class

AT H2 SGD

Oldest share class ISIN

LU1720048575

Oldest share inception date

05 Dec 2017

Pricing frequency

Daily

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