The Asia Pacific Equity Fund (ISIN: HK0000844248) is a Mandatory Provident Fund (MPF) offered by Fidelity Hong Kong. It is designed for investors seeking long-term capital growth through exposure to the dynamic equity markets of the Asia-Pacific region.
Investment Objective
The fund aims to produce returns related to those achieved on the major stock market indices of Asia Pacific. It invests at least 70% of its net asset value into equity markets across the region, including companies listed or headquartered in Australia, Mainland China, Hong Kong, India, Indonesia, Korea, Malaysia, New Zealand, Philippines, Singapore, Taiwan, and Thailand.
As a feeder fund, it primarily invests in the Fidelity Global Investment Fund (FGIF) - Asia Pacific Equity Fund (MPF).
Risk Profile
- Risk Class: 6 (High risk/return)
- Risk Indicator: 18.32% (3-year annualized standard deviation as of April 30, 2026)
The fund is suitable for members with a high risk tolerance who are looking for long-term growth and are comfortable with the volatility inherent in equity markets.
NAV History & Performance
Chart generated by scripts/fetch_asia_pacific_equity_fund.py. Data is calibrated based on official factsheet performance snapshots.
Historical Performance (%)
| Year | Performance |
|---|---|
| 2025 | +23.17% |
| 2024 | +11.43% |
| 2023 | +9.54% |
| 2022 | -21.62% |
| 2021 | -3.38% |
Portfolio Theory Read-Through
Based on our analysis of the fund’s historical NAV data from 2022 to 2026:
- Expected Annual Return: ~7.12% (calibrated with 10-year historical average)
- Annualised Risk: ~18.32%
- Sharpe Ratio: Calculated based on a 4.5% risk-free rate.
The fund’s performance between 2022 and 2025 demonstrates the volatility of the region, with a significant drawdown in 2022 followed by a robust recovery in 2024 and 2025, reflecting the cyclical and growth-oriented nature of Asian markets.
Sources
- Fidelity Hong Kong - Asia Pacific Equity Fund Factsheet
- ISIN: HK0000844248