Value Partners

What Value Partners does

Value Partners Group Limited is a Hong Kong-headquartered, publicly listed (HKEX: 806.HK) independent asset management firm founded in 1993 by Dato' Seri Cheah Cheng Hye and Mr. V-Nee Yeh. The firm operates a contrarian value investing platform organized around the 3R principles (Right Business, Right People, Right Price), with a 70-person investment team conducting more than 6,500 in-person due diligence meetings annually across Greater China and Asia. As of December 2025, it managed US$6.2 billion in assets and reported a full-year net profit of HKD 668 million, with the flagship Value Partners Classic Fund delivering 4,973% cumulative returns over 32 years.

The firm's product suite spans five core strategies — Equities, Fixed Income, Multi-Asset, Alternatives, and Money Market — distributed across multiple share classes in nine currencies (USD, HKD, CNH, SGD, AUD, CAD, EUR, GBP, NZD). It serves institutional investors (pension funds, endowments, foundations, insurance), high-net-worth individuals, and retail clients through direct sales, an extensive institutional and retail distribution network, and a website-based investor portal, with offices in Hong Kong, Shanghai, Beijing, Shenzhen, Singapore, London, and Kuala Lumpur.

Revenue is generated almost entirely through recurring management fees on AUM across the diversified fund range, with recent product expansion into Money Market ETFs (HKD/RMB/USD, 2025), a Japan REIT Fund (2024), and a HK-US Dividend Low Volatility ETF (2026). The firm is regulated by the SFC and SEC and holds RQFII, QDLP, PFM, and MRF authorizations enabling onshore and cross-border distribution into mainland China. Recent corporate activity includes a CNY 1 billion strategic investment from GF Securities in 2023 (20.2% stake) and active lead investments in private rounds and Hong Kong IPOs, particularly in AI-enabled healthcare and China new-economy themes.

Name

Value Partners

Legal name

Value Partners Group Limited

Website

https://valuepartners-group.com

Company type

Public

Founded year

1993

Operating status

Operating

Headcount range

101–250 employees

Short description

Value Partners is a Hong Kong-based, publicly listed (HKEX: 806.HK) independent asset management firm founded in 1993, managing approximately US$6.2 billion across equities, fixed income, multi-asset, alternatives, and money market strategies for institutional, high-net-worth, and retail clients across Asia Pacific, Europe, and North America.

Ownership category

akta.pro rank

Product category

Asset Management

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Comprehensive/Full-Service RIAs & Independent Wealth Managers (FSAAACAA)

akta.pro secondary industry

Sustainable Private Markets (Impact PE/VC, Private Credit, Infrastructure) (FSAAALAG)

Keywords

• Asset management services
• Value investing funds
• Equity fund management
• Fixed income investing
• Asia pacific funds

Headquarters

HQ city

Central

HQ country

Hong Kong SAR China

HQ region

Asia

Offices7 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Asset Management Fees: Value Partners generates revenue primarily through management fees charged on assets under management across its diverse fund products including equities, fixed income, multi-asset, alternatives, and quantitative strategies.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Value Partners is an independent asset management firm that manages investment funds across five core strategy areas: Equities (Greater China, Asia, Taiwan, healthcare, Japan REITs), Fixed Income (Asian and China bonds, high-yield), Multi-Asset (balanced allocation), Alternatives (REITs, gold ETFs, private debt/equity), and Money Market (USD, HKD, RMB ETFs). The firm manages approximately US$6.2 billion in AUM and serves institutional and individual clients across Asia Pacific, Europe, and North America through both direct sales and distribution partnerships.

Product overview

Value Partners is an asset management firm offering a diversified portfolio of investment funds across five core strategies: Equities (including Greater China, Asia, Taiwan, and thematic funds), Fixed Income (Asian bonds, China bonds, high-yield), Multi-Asset (balanced allocation strategies), Alternatives (REITs, gold ETFs, sector funds), and Money Market (USD, HKD, RMB money market ETFs). The product lineup is organized under fund series structures including the Value Partners Fund Series, Value Partners Fund Series II, Value Partners Fund Series Open-Ended Fund Company (OFC), and Wise Choice Funds (VAPA). The firm manages approximately US$6.2 billion in assets and serves institutional and retail clients across Asia Pacific, Europe, and North America. In 2025, the Group launched a Money Market ETF Series covering HKD, CNH, and USD, and in 2024 launched its first SFC-authorized Japan REIT Fund.

Differentiator

Problem solved

Functional benefit

Brands

• Value ETF: Exchange-traded fund business including Value China ETF
• Sensible Asset Management
• Value Partners Japan REIT Fund
• Value Partners USD Money Market Fund
• Value Gold ETF

Products and services

• Value Partners Classic Fund The flagship equity fund of Value Partners, investing in Asian and Greater China equities with a value investing approach; achieved 4,973% cumulative returns over 32 years (12.7% annualized) as of December 2025. Targeted at institutional and individual clients seeking long-term Asian equity exposure.
• Value Partners High-Dividend Stocks Fund Equity fund focused on high-dividend stocks in Asian markets; achieved 1,268% cumulative returns over 23 years (11.9% annualized) as of December 2025. For investors seeking income and growth through Asian dividend equities.
• Value Partners Asian Income Fund Multi-asset fund targeting Asian equities and fixed income to generate income and capital appreciation, with share classes in USD, HKD, SGD, and other currencies. For investors seeking Asian growth and income.
• Value Partners Asian Total Return Bond Fund Fixed income fund targeting Asian credit markets to generate steady returns, with multiple currency share classes including USD, HKD, AUD, CAD, NZD, CNH, and SGD. For investors seeking Asian credit exposure.
• Value Partners All-China Bond Fund Fixed income fund providing diversified exposure to Chinese bonds across onshore and offshore markets, with share classes in USD, HKD, CNH, GBP, and AUD. For fixed income investors seeking China bond exposure.
• Value Partners Greater China High Yield Income Fund Fixed income fund focusing on high-yield bonds from Greater China issuers, offering both accumulation and monthly distribution share classes. For investors seeking yield from Greater China high yield credit.
• Value Partners China A-Share Select Fund Equity fund providing exposure to China's A-share market through selected stocks, with share classes covering CNH, USD, HKD, AUD, CAD, EUR, GBP, and NZD currencies. For investors seeking active A-share exposure.
• China Convergence Fund Equity fund investing in Chinese companies listed in Hong Kong and other markets, with the objective of capturing converging valuations between markets. For investors seeking China exposure via dual/triple-listed companies.
• Value Partners China Greenchip Fund Equity fund investing in growth-oriented Chinese companies, offering HKD and USD share classes with quarterly distribution options. For investors seeking growth exposure to Chinese companies.
• Chinese Mainland Focus Fund Equity fund focused on mainland China equities, offering USD, HKD, AUD hedged, and CNH hedged share classes. For investors seeking direct mainland China equity exposure.
• Value Partners Taiwan Fund Equity fund focused on Taiwanese listed companies, with a single USD share class. For investors seeking exposure to Taiwan equities.
• Value Partners Multi-Asset Fund Multi-asset fund with dynamic asset allocation across equities and fixed income, offering accumulation and monthly distribution share classes. For investors seeking diversified multi-asset exposure.
• Value Partners Asian Innovation Opportunities Fund Equity fund targeting innovative companies across Asia, with accumulation and monthly distribution share classes in USD, HKD, and multiple hedged currencies. For investors seeking Asian innovation/theme exposure.
• Value Partners Healthcare Fund Thematic equity fund focused on healthcare and pharmaceutical companies, with USD, HKD, and SGD unhedged share classes. For investors seeking healthcare sector exposure.
• Value Partners Japan REIT Fund The first Japan REIT Fund authorized by the Securities and Futures Commission, providing exposure to Japanese real estate investment trusts with JPY, HKD, CNH, SGD, and USD hedged share classes. For investors seeking Japanese real estate exposure.
• Value Gold ETF The world's first gold ETF backed by physical bullion stored in Hong Kong. Listed on the Hong Kong Stock Exchange (3081.HK) and managed for over 15 years, offering USD and HKD unhedged accumulation share classes. For investors seeking gold exposure.
• Value Partners USD Money Market Fund Money market fund providing exposure to USD-denominated money market instruments, with accumulation share classes in USD and HKD. For investors seeking USD cash management.
• Value Partners RMB Money Market ETF Open-ended fund-type company (OFC) money market ETF providing exposure to RMB-denominated money market instruments, with A and N share classes in CNH. For investors seeking RMB cash management.
• Value Partners USD Money Market ETF Open-ended fund-type company (OFC) money market ETF providing exposure to USD-denominated money market instruments, part of the firm's Money Market ETF Series launched in 2025. For investors seeking USD cash management via ETF.
• Value Partners HKD Money Market ETF Open-ended fund-type company (OFC) money market ETF providing exposure to HKD-denominated money market instruments, with A and N share classes. Part of the Money Market ETF Series launched in 2025. For investors seeking HKD cash management via ETF.
• Value Partners HK-US Dividend Low Volatility ETF ETF targeting dividend-paying stocks with low volatility characteristics in Hong Kong and US markets, with HKD and USD accumulation share classes. For investors seeking low-volatility dividend exposure across HK and US.
• Value Partners Global Short Duration Investment Grade Bond Fund Fixed income fund investing in global investment-grade bonds with short duration characteristics, with I class USD unhedged accumulation share class. For investors seeking low-duration global investment grade credit.

Quantifiable outcome

• Value Partners Classic Fund achieved 4,973% cumulative returns over 32 years (12.7% annualized)
• +2 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered minor.

• Forbes Global Media HoldingsminorStrategic or Co-development Partner · 1 January 2017Strategic partnership with Forbes Global Media Holdings established in 2017 for potential collaborative initiatives.
• Hong Kong University of Science and Technology Business SchoolminorStrategic or Co-development Partner · 1 January 2011Partnership formed in 2011 to establish the Value Partners Center for Investing at HKUST Business School, supporting investment research and education.

Scale indicators8 records

Recent moves17 records

Expansion highlights6 records

Broad incumbents

• Nomura Asset Management: Large Japan-headquartered global asset manager with extensive Asia equity, fixed income, and ETF offerings. Comparable to VP as an Asia-rooted incumbent competing for institutional Greater China and Asia mandates.
• AllianceBernstein: Global incumbent with active Asia Pacific and Greater China equity strategies plus fixed income and multi-asset capabilities. Overlaps with VP in active Asian equity mandates for institutional clients.
• Fidelity International: Global incumbent asset manager with deep Asia Pacific equity, fixed income, and ETF capabilities. Competes with VP across institutional and retail Asia allocations and offers comparable UCITS and onshore Asia fund structures.

Direct peers

• Bosera Asset Management: Major China-based asset manager with active equity, fixed income, and ETF franchises, including QDII and Hong Kong-domiciled funds. Overlaps with VP's Greater China equity and ETF strategies.
• China Asset Management (ChinaAMC): Top-tier Chinese mainland asset manager with broad equity, fixed income, ETF, and QDII capabilities. Directly comparable to VP in cross-border Greater China equity mandates and Hong Kong-listed China exposure products.
• E Fund Management: One of China's largest active asset managers, offering equities, fixed income, and alternatives to institutional and retail clients. Competes with VP's QDLP/RQFII/MRF strategies for cross-border Greater China allocations.
• Matthews Asia: US-based active asset manager specializing in Asia Pacific and Greater China equities with a fundamentals-driven, often value-tilted approach. Comparable to Value Partners in target markets (institutional and retail Asia equity), investment style, and product structure.
• Mirae Asset Global Investments: Korea-headquartered global asset manager with strong Asia and emerging markets equity capabilities and growing ETF franchise. Direct competitor for Asia ex-Japan equity mandates and Hong Kong-domiciled fund distribution.
• First Sentier Investors: Asia-rooted active asset manager (formerly First State Investments) with deep Greater China and Asia Pacific equity, fixed income, and multi-asset strategies. Overlaps with VP's institutional client base, distribution channels, and value-oriented Asian equity franchise.

Emerging players

• GF Fund Management: Asset management arm of GF Securities — VP's largest shareholder since 2023. While a strategic partner rather than a pure competitor, GF Fund Management operates in the same Asia/Greater China active management space and benefits from shared distribution.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UCxXgN6HbI-IfA7BxE3VgLYw
• Facebookfacebook.com/thechinfamilyhk
• LinkedInlinkedin.com/company/value-partners-limited
• Xx.com/valuepartnersgp

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

Subsidiaries9 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments5 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Value Partners