Funds and prices

Overview

The actively managed fund invests mainly in RMB-denominated fixed-income instruments that are primarily issued by, but not limited to, the central government or local governments, government-related entities, banks and other financial institutions or corporate entities.

Investments are conducted in the onshore China Interbank Bond Market (CIBM), and may include both direct securities (physical bonds) and derivatives related to fixed income securities where allowed.

The portfolio manager is not tied to the benchmark in terms of investment selection or weight.

The exchange rate risk between CNY and GBP is not hedged.

Benefits

This diversified bond portfolio can be used to participate in the opportunities in the China fixed income market , as well as exposure to Chinese Yuan.

The fund is managed across duration, yield curve, sector and security selection in accordance with market conditions. This allows the portfolio to be dynamically adjusted throughout market cycles.

Risks

The fund offers higher return potential than a developed market bond portfolio and therefore bears a higher risk. In addition, emerging markets are at an early stage of development which can typically involve a high level of price volatility and other specific risks such as lower market transparency, regulatory hurdles, corporate governance and political and social challenges. Corresponding risk tolerance and capacity are required. All investments are subject to market fluctuations. The fund can invest in less liquid assets that may be difficult to sell in the case of distressed markets. Every fund has specific risks, which can significantly increase under unusual market conditions. The fund can use derivatives, which may result in additional risks (particularly counterparty risk).

Features

Product category
ÃÛ¶¹ÊÓÆµ Bond Funds
ÃÛ¶¹ÊÓÆµ Classic Bond Funds
Product domicile
Luxembourg
Portfolio management
ÃÛ¶¹ÊÓÆµ Asset Management (Hong Kong) Ltd., Hong Kong
Fund management
ÃÛ¶¹ÊÓÆµ Fund Management (Luxembourg) S.A., Luxembourg
Custodian bank
ÃÛ¶¹ÊÓÆµ Europe SE, Luxembourg Branch
Representative for products established under foreign law
ÃÛ¶¹ÊÓÆµ Asset Management (UK) Limited
Day of inception
01 September 2021
Currency of account
GBP
Close of financial year
31 May
Issue / redemption
daily
Maturity
Open end
Management fee
0.60% p.a.
Total expense ratio (TER)
0.81% p.a.
Swing pricing
yes
Minimum investment
n.a.
Reference Index / Benchmark
Bloomberg China Aggregate Index in GBP
ISIN
LU2376073172
Bloomberg Ticker
UBFIRGQ LX

Performance and Prices

Percentage growth

as of 03 April 2024
Cumulative
GBP(%) EUR(%)
YTD
1M
3M 1.20 1.89
6M 0.70 1.68
1Y -1.89 0.48
2Y -1.23 -3.03
3Y - -
5Y
ø p.a.5Y
Discrete Annual
GBP(%) EUR(%)
Q1 2023 to Q1 2024 -2.02 0.70
Q1 2022 to Q1 2023 0.34 -3.50
Q1 2021 to Q1 2022 - -
Q1 2020 to Q1 2021 - -
Q1 2019 to Q1 2020 - -

Current data

Net asset value 03.04.2024 GBP 102.12
High - last 12 months 17.04.2023 GBP 106.83
Low - last 12 months 22.08.2023 GBP 97.28
Last distribution 04.08.2023 GBP 2.50
Assets of the unit class in mn 03.04.2024 GBP 0.04
Total product assets in mn 03.04.2024 GBP 255.16
Theoretical yield to maturity (net) 29.02.2024 1.76%
Option Adjusted Duration 29.02.2024 6.23

Structures

Fees

Flat fee
0.75%
Management fee p.a.
0.60%
Max. issuing commission
3.00%
Max. redemption commission
0.00%
Distribution fee
(see info)

Distributions

From
01-Nov-2020
To
01-Nov-2021
Date of distribution
Pay date
Cps no.
Currency
Distribution
EU Savings Tax - Tax domicile other EU country
01.08.2023 04.08.2023 3 GBP 2.50 n.a.

Authorisations

Country of distribution
Representative / Information
Luxembourg
ÃÛ¶¹ÊÓÆµ Fund Services (Luxembourg) S.A.
Switzerland
ÃÛ¶¹ÊÓÆµ Fund Management (Switzerland) AG
United Kingdom
ÃÛ¶¹ÊÓÆµ Asset Management (UK) Limited

Literature

Brochures
Document type
Document Language
Manager Commentary
Agreement / Prospectus
Document type
Document Language
Prospectus
Country supplement
Key Investor Information (KIID)
Past performance
Previous performance scenario
Annual and semi-annual report (accounting on 31 May)
Document type
Document Language
Annual report
Semi-annual report