Fund Manager:
Taifook Investment Managers Limited

Fund Name:
Taifook SRI Asia Fund

Launch Date:
Oct-02

Screening (except economy):
Social and sustainability standard Sector Screenings (Negative and Positive), SRI (Sustainable Responsible Investment) Scoring

Key Characteristics:
Taifook Investment Managers Limited (“TFIM”) acquired Kingsway Fund Management in April 2007. Since then, we assume the role as the only one domestic fund management firm in Hong Kong to offer SRI funds. Taifook Securities Group Limited (“Taifook”) has been recognised as a Caring Company by The Hong Kong Council of Social Service for consecutive years in recognition of our role supporting and actively participating in social and community service. Also, Taifook has received the “Prime Award for Corporate Social Responsibility” from Prime Magazine from 2006 to 2008.

TFIM’s mission is to promote economically sustainable development and to invest in Asia using global investing standards and reporting initiatives, putting godly principles into practice. We also aim to educate Asian companies about the inherent value of sustainable business practices. Our Taifook SRI Asia Fund is an active market mechanism that promotes corporate social responsibility. SRI is an investment process that selects world class, ethical and profitable companies by means of a sustainable responsibility assessment. These companies strive to produce lucrative returns while having a positive impact on society. It is a fiduciary investment strategy that aims at minimizing all areas of risk while maximizing shareholder returns.

Our SRI value system consists of screening sectors, scoring responsibilities and financial analysis.

We adopt both negative and positive screenings. Negative screening: excludes companies in specific industries that damage society, such as defense, gambling, pornography, alcoholic beverages, tobacco, nuclear energy, animal testing and genetic engineering, in addition to those that benefit from repressive regimes. Positive screening: includes companies that make a clear contribution to society, such as firms in the healthcare and education and training sectors, plus NGOs, social enterprises and health organisations.

From the screened stock universe, we work on SRI scorecards to rate responsibilities in terms of economic governance, social and environmental issues. Auditor, who does the final rating and interpretation, then reviews scorecards. We then update the company financials. Only the financially sound stocks with good SRI scores will be invested.

Additional information:
English:
http://www.taifook.com/english/aboutus/asset/fund_sri.jsp
 
Traditional Chinese:
http://www.taifook.com/chi/aboutus/asset/fund_sri.jsp