The Sub-Fund’s investment objective is to achieve long term capital growth by primarily investing in companies which are directly or indirectly involved in the provision of innovative products and/or services (“Innovative Business”).
Active Fund
Pando (the Manager) will use a bottom-up research approach in stock selection, meaning that each stock will be selected by the Manager for inclusion in the Sub-Fund’s portfolio based on its individual merits.
Strategy
In seeking to achieve the Pando Innovation ETF’s investment objective, the Pando Innovation ETF will invest primarily (i.e. at least 70% of its Net Asset Value) in equities of companies which are directly or indirectly involved in Innovative Business.
Innovative Business refers to companies that are leaders in innovation which are able to take advantage of new technologies, led by a management team with the vision to identify market needs that have yet to be fully expressed, and benefit from new industry conditions (such as secular changes in the way people communicate and behave) in the dynamically changing global economy. The following is a non-exhaustive illustration of companies that may be directly or indirectly involved in Innovative Business in which the Pando Innovation ETF will primarily invest: Information Technology; E-commerce; Internet; Online Entertainment; Autonomous & Electric Vehicles; Robotics & Artificial Intelligence; Video Games & E-sports; Blockchain; Fintech; Metaverse (i.e. a virtual-reality space in which users can interact with a computer-generated environment and other users); Semiconductor; Healthcare; Consumer Discretionary Sectors; and Social Media.