FUND LAUNCH DATE
FUND BASE CURRENCY
FUND TYPE
Fund AUM
Join Steven Luk as he reviews the key highlights of Q2' 26 in China. Read Hugo Roger's detailed China report here
Steven Luk, CEO of FountainCap
introduces the fund's investment philosophy, process, and strategy.
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The FountainCap Greater China Select UCITS seeks to achieve consistent long-term investment results for investors through identifying and investing in companies that will substantially benefit from China's transformation and long-term growth. The Fund is a long-only equity fund and employs a bottom-up stock picking approach that focuses on conducting thorough fundamental research.
The investment characteristics promoted by this fund include sound corporate governance and strong disclosures around sustainability/impact.
"If you are not willing to own a stock for 10 years, do not even think about owning it for 10 minutes."
Warren Buffett
The FountainCap investment strategy is built on the following principles:
Aravis Funds (Ireland) ICAV has appointed FountainCap Research & Investment of Hong Kong as investment manager of the fund. More information on the investment manager can be found here at the FountainCap Research & Investment website.
| Fund Launch Date | 27th September 2019 |
| AUM as of 30th September 2026 | $121M |
| Fund Base Currency | USD |
| Fund Type | UCITS |
| Number of holdings | No fewer than 35 stocks |
| Benchmark | MSCI China All Shares Total Return |
| SFDR Classification | Article 8 |
| I USD Accum. *NAV | $8.905 |
| Registered for Sale | Austria, France, Germany, Italy, Liechtenstein, Luxembourg, Norway, Singapore, Spain, Sweden, Switzerland, United Kingdom |
*The Net Asset Value is calculated as of 30th September 2026 and is likely to have high volatility owing to its composition and the portfolio management techniques used.
| Share Class | I USD Accumulating |
| Bloomberg | FCGCIUA ID |
| ISIN (Class I Accumulating) | IE00BN6JX572 (USD) |
| Share Class | Currency | Bloomberg Ticker | ISIN | Distribution Policy | Mgmt Fee | NAV* |
|---|---|---|---|---|---|---|
| CLASS I USD | USD | FCGCIUA ID | IE00BN6JX572 | ACC | 1.1% | $8.905 |
| CLASS I USD | USD | FCGCIUD ID | IE00BN6JX689 | DIST | 1.1% | na |
| CLASS A USD | USD | FCGCAUA ID | IE000DWZQZ73 | ACC | 1.9% | na |
| CLASS A USD | USD | FCGCAUD ID | IE000VJ1HOT6 | DIST | 1.9% | na |
| CLASS I EUR | EUR | FCGCIEA ID | IE0005I8TG96 | ACC | 1.1% | $10.311 |
| Total Ongoing Charges | 1.6% est |
| Subscription Fee | Up to 3% |
| Redemption Fee | 0% |
| Management Fee | 1.1% |
| Minimum Initial Investment | $1,000 |
| Minimum Subsequent Investment | $0 |
|
FountainCap Greater China Select |
MSCI China All Shares Index % | |
|---|---|---|
| 1 month | -0.1 | 1.0 |
| 3 months | -5.0 | -3.8 |
| YTD | 0.0 | -2.8 |
| 1 year | 4.1 | 0.0 |
| 3 years | 49.5 | 37.0 |
| Fund Life* | -6.3 | -7.0 |
| Fund Life* (Annualized) | -1.3 | -1.4 |
*Fund Launched July 27th 2021
Past performance does not predict future returns. The FountainCap Greater China Select (UCITS) I USD Acc. net returns reported above, are calculated based on the aggregate NAV of the Fund, which may differ from your actual investment returns. Source: FountainCap, Bloomberg. For comparative purposes only, the FountainCap Greater China Select (UCITS) Fund is actively managed in reference to MSCI China All Shares Net Total Return Index [Ticker: MXCNANM] (the "Benchmark").
Source: Bloomberg, FountainCap Research & Investment
Note: Graph is provided for illustrative purposes only and should not be relied on to formulate an investment decision
Holdings Disclosure: The holdings described herein are presented to illustrate examples of the securities that the UCITS fund has bought, the diversity of areas in which the UCITS fund may invest and the UCITS fund’s approach. They may not be representative of the UCITS fund’s current or future investments, and the performance of these investments is not necessarily indicative of the performance of all investments made by the UCITS fund. UCITS fund holdings are as of the date given, are subject to change at any time and are not recommendations to buy or sell a security.
| Holding | Sector | Weighting % |
|---|---|---|
| Tencent Holdings Ltd | Communications | 7.8 |
| Jiangsu Hengli Hydraulic C-A | Industrials | 6.5 |
| PopMart International Group | Consumer Disc. | 6.4 |
| Alibaba Group Holdings LTD | Consumer Disc. | 5.2 |
| Sieyuan Electric Co LTD-A | Industrials | 4.6 |
| Volatility* (%) | 19.6 |
| Beta* | 1.0 |
| Info. Ratio (Annualized)* | 0.4 |
| Sharpe Ratio (Annualized)* | 0.2 |
| 1 Year Turnover (%) | 30.2 |
| 1 Year Tracking Error (%) | 8.9 |
| Active Share (%) | 75.2 |
| Median Market Cap (m) | 42,957 |
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For further information on the fund's investment policy and specific fund risk information, please refer to the Key Investor Information Document (KIID). The prospectus is also available on this site.
Investment in the funds described on this website carries a substantial degree of risk and places your capital at risk. The price and value of investments can go down as well as up. You may not get back the original amount invested and you may lose all of your investment. Investment in the funds described on this website is not suitable for all investors. If you are in any doubt as to the suitability of an investment in a fund for you, you should consult an independent financial advisor. In any event, you should only invest in a fund once you have carefully read and understood the prospectus for the fund. The information on this website does not constitute, and should not be construed as, investment advice or a recommendation to buy, sell or otherwise transact in any security including, but not limited to, shares in the funds.
The information and/or the investment opportunity is not intended for US investors.
Thu 9th Jul 2026
Tue 19th May 2026
Mon 30th Mar 2026
FountainCap Greater China Select (UCITS)
CACEIS Investor Services Ireland Limited
4th Floor, One George's Quay Plaza
George's Quay
Dublin 2
Ireland
T: + 353 1 4406555
E: Dublin_TA_Customer_Support@caceis.com
W: www.caceis.com
Aravis Capital
123 Pall Mall
St James's
London
SW1Y 5EA
UK
T: + 44 020 3813 3110
E: james.alexander@araviscapital.com
W: www.araviscapital.com
Carne Global Fund Managers (Ireland),
3rd Floor, 55 Charlemont Place,
Dublin 2, Ireland
T: +353 1 489 6800
W: www.carnegroup.com
Our team has a wide variety of experience which is put to use every day to help our clients reach their objectives.
Company Information
Aravis Funds (Ireland) ICAV is authorised and regulated by the Central Bank of Ireland.
Aravis Capital Limited is authorised and regulated by the Financial Conduct Authority (FRN 1015146). Aravis Capital Limited is registered in England and Wales (no. 09919517), its registered office is 123 Pall Mall, St James’, London, SW1Y 5EA.
This Website is issued by Aravis Capital Limited and is for information purposes only, it is not an offer or solicitation to invest in any Aravis associated fund.
Regulatory Information
Aravis Capital Ltd is authorised and regulated by the Financial Conduct Authority (FRN: 1015146). Registered in England and Wales (no. 09919517), registered office 123 Pall Mall, St James', London, SW1Y 5EA.
Aravis Funds (Ireland) ICAV is authorised and regulated by the Central Bank of Ireland.
Eligibility and Restrictions
Investment Risks and Disclaimers
Required Documentation
Before making any investment decision, investors should carefully read:
Aravis Funds (Ireland) ICAV - Prospectus | 2 March 2026
