Funds and prices

Overview

The actively managed fund invests primarily in securities denominated in USD and local currencies issued by Asian economies/borrowers (ex Japan).

Country selection, credit ratings and interest rate and currency risks are actively managed in order to benefit from market volatility.

When markets are rising, the fund aims to achieve relatively high returns, whereas it proactively reduces and/or hedges high-risk assets to protect against price losses in anticipation of a downswing.

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

The exchange rate risk between USD and EUR is largely hedged.

Benefits

This diversified bond portfolio can be used to participate in the opportunities on the Asian market for fixed-income securities.

The fund is actively managed 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 high-quality 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¶¹ÊÓƵ Bond Funds
ÃÛ¶¹ÊÓƵ Classic Bond Funds
Product domicile
Luxembourg
Portfolio management
ÃÛ¶¹ÊÓƵ Asset Management (Hong Kong) Ltd., Hong Kong
Fund management
ÃÛ¶¹ÊÓƵ Fund Management (Luxembourg) S.A., Luxembourg
Custodian bank
ÃÛ¶¹ÊÓƵ Europe SE, Luxembourg Branch
Tax representative
Ernst & Young Steuerberatungsgesellschaft m.b.H. Wien
Day of inception
September 10, 2015
Currency of account
EUR
Close of financial year
March 31
Issue / redemption
daily
Maturity
Open end
Management fee
0.66% p.a.
Total expense ratio (TER)
0.92% p.a.
Swing pricing
yes
Minimum investment
n.a.
Reference Index / Benchmark
JP Morgan Asia Credit Index (hedged EUR)
ISIN
LU0464251890
Bloomberg Ticker
ÃÛ¶¹ÊÓƵEHQD LX

Performance and Prices

Percentage growth

as of April 3, 2024
Cumulative
EUR(%)
YTD
1M
3M
6M
1Y 1.36
2Y
3Y -19.43
5Y -11.48
ø p.a.5Y -2.41

Current data

Net asset value 03.04.2024 EUR 72.06
High - last 12 months 06.04.2023 EUR 77.79
Low - last 12 months 20.10.2023 EUR 66.46
Last distribution 06.06.2023 EUR 5.84
Assets of the unit class in mn 03.04.2024 EUR 1.78
Total product assets in mn 03.04.2024 EUR 317.11
Theoretical yield to maturity (net) 29.02.2024 5.43%
Option Adjusted Duration 29.02.2024 4.38
Average remaining maturity 29.02.2024 6.42 years

Structures

Fees

Flat fee
0.83%
Management fee p.a.
0.66%
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
01.06.2023 06.06.2023 8 EUR 5.84 n.a.

Authorisations

Country of distribution
Representative / Information / Tax representative
Austria
Ernst & Young Steuerberatungsgesellschaft m.b.H. Wien
Chile
ÃÛ¶¹ÊÓƵ Asset Management (Americas) Inc.
Finland
ÃÛ¶¹ÊÓƵ AG, Stockholm
Germany
ÃÛ¶¹ÊÓƵ Europe SE
Greece
Bank of Cyprus Ltd.
Italy
ÃÛ¶¹ÊÓƵ Asset Management SGR S.p.A.
Liechtenstein
Liechtensteinische Landesbank AG
Luxembourg
ÃÛ¶¹ÊÓƵ Fund Services (Luxembourg) S.A.
Netherlands
ÃÛ¶¹ÊÓƵ Investment Bank Nederland BV.
Spain
ÃÛ¶¹ÊÓƵ Europe SE, sucursal en España
Sweden
ÃÛ¶¹ÊÓƵ AG, Stockholm
Switzerland
ÃÛ¶¹ÊÓƵ Fund Management (Switzerland) AG
United Kingdom
ÃÛ¶¹ÊÓƵ Asset Management (UK) Limited

Literature

Brochures
Document type
Document Language
Fact Sheet
Fact Sheet - ÃÛ¶¹ÊÓƵ Bond Funds
Fact Sheet - ÃÛ¶¹ÊÓƵ Classic Bond Funds
Agreement / Prospectus
Document type
Document Language
Prospectus
Key Information Document
Past performance
Previous performance scenario
Statutes / Management regulations
ESG Disclosure
Annual and semi-annual report (accounting on March 31)
Document type
Document Language
Annual report
Semi-annual report