Value Partners Fund Series OFC - Value Partners HKD Money Market ETF · HKEX:3421
Value Partners Fund Series OFC - Value Partners HKD Money Market ETF — Value Partners Group — FY2016 Earnings Presentation
13 slides from Value Partners Fund Series OFC - Value Partners HKD Money Market ETF's earnings presentation, Mar 7, 2017
Slide 1: 2016 Final Results
Value Partners Group Limited Incorporated in the Cayman Island with limited liability A company listed on the Hong Kong Stock Exchange Stock code: 806 HK 2016 Final Results For the year ended 31 December 2016 Results Presentation, 7 March 2017
Slide 2: Disclaimer
Disclaimer This document has been prepared by Value Partners Group Limited (the "Company") solely for use at the presentation. The information contained in this presentation has not been independently verified. No representation or warranty, express or implied, is made as to, and no reliance should
Slide 3: Financial highlights
Financial highlights By Icy WONG Chief Financial Officer 3
Slide 4: Outflows hit Hong Kong's fund market
Outflows hit Hong Kong’s fund market Retail equity funds in Hong Kong recorded net outflows in 2016 (US$ billion) 10 7.3 5 2016 0 -5 2015 2016 -10 -8.2 Asia and China equity funds were among the hardest hit Net outflows of Net outflows of Asia regional ex-Japan equity funds China equity funds (US$ b
Slide 5: Assets under management, net profit
Assets under management, net profit Assets under management (“AUM”) (US$ billion) 20 15.6 Major reason of 15 12.9 13.2 AUM decline 10.5 10 8.5 • Net redemption of US$1.9 billion 5 0 Dec-2012 Dec-2013 Dec-2014 Dec-2015 Dec-2016 AUM change in the year 2016 Beginning AUM 15,576 Subscriptions 3,926 Rede
Slide 6: Key highlights
Key highlights (In HK$ million) 2016 2015 % Change Profit attributable to owners of the Company 137.5 273.6 -50% Total revenue 1,433.1 1,768.3 -19% Gross management fees 1,049.1 1,144.7 -8% Gross performance fees 10.8 309.0 -97% Total expenses (530.3) (595.8) -11% Operating profit (before other gain
Slide 7: Stringent cost control
Stringent cost control Total expenses Fixed cost coverage ratio (HK$ million) (HK$ million) 800 Total 800 expenses 596 710 600 40 600 530 57 617 23 144 2.8x 2.1x 400 54 18 400 102 89 88 91 292 200 200 258 Fixed 199 expenses 221 0 0 2015 2016 2015 2016 Others Sales and marketing 1 Other compensation
Slide 8: Sentiments are picking up
Sentiments are picking up Improving trend in the second half of 2016… Net profit Net flows Gross redemptions (HK$ million) (US$ million) (US$ million) 150 133 1H 2016 2H 2016 1H 2016 2H 2016 0 0 100 -500 -1,500 50 5 -1,000 -651 -3,000 0 -2,590 -3,266 -1,500 -1,279 -4,500 1H 2016 2H 2016 …and the pos
Slide 9: Business review
Business review By Dr. AU King Lun MH, Ph.D Chief Executive Officer 9
Slide 10: Product diversification
Product diversification By asset class Fixed income Equity ETF Fixed income Multi asset • Launched a preference shares VP Classic Fund Value China ETF VP Greater China VP Multi-Asset Fund income fund in 2016 High Yield Income • GCHY outperformed peers1 in 2016 Fund (GCHY) • To launch more fixed inco
Slide 11: Branding and positioning
Branding and positioning United Kingdom (our western hub) China (our strategic market) Hong Kong (our headquarters) Singapore (our Southeast Asian hub) China Investment Investment Solution Rest of the World Expert Value Partners China Provider VP as a China Investment Expert VP as an Investment Solu
Slide 12: Value Partners' vision and strategy
Value Partners’ vision and strategy A Global Asset Manager Value Partners’ Temple of Value Investing vision The first in Asia by product and distribution Capitalise on opportunities arising from China’s capital account liberalisation Investment strategy Asset class and product Branding 140+ aw
Slide 13: Investor relations contact
Investor relations contact Value Partners Group Limited 9th Floor, Nexxus Building 41 Connaught Road Central, Hong Kong www.valuepartners-group.com Ms. Icy Wong Chief Financial Officer Email: icywong@vp.com.hk Tel: (852) 2143 0464 Follow us on WeChat LinkedIn 13