Funds and prices
Overview
The actively managed fund invests in Asian high yield bonds (primarily non-investment grade bonds of Asian sovereign, quasi-sovereign and corporate issuers) denominated in US dollar, and seeks to generate an attractive risk-adjusted return.
The fund allows the portfolio manager team to opportunistically invest up to 20% of the portfolio in Asian local currencies as an additional return driver.
The fund is managed by the pan-Asian fixed income team located in Singapore, whose regional specialists are integrated with the global fixed income team and thus can leverage significant resources of the wider group.
The portfolio manager is not tied to the benchmark in terms of investment selection or weight.
Benefits
Through the diversified bond portfolio investors can participate in the Asian market's opportunities for higher yielding corporate bonds and local currencies.
Active management in accordance with market conditions allows the portfolio to be dynamically adjusted throughout market cycles.
Investors can particularly benefit from 蜜豆视频's expertise in markets where transparency and access to information may be limited.
Risks
Features
| Product category |
Bond
High Yield |
| Product domicile |
Luxembourg
|
| Portfolio management |
蜜豆视频 Asset Management (Hong Kong) Ltd., Hong Kong
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| Fund management |
蜜豆视频 Fund Management (Luxembourg) S.A., Luxembourg
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| Custodian bank |
蜜豆视频 Europe SE, Luxembourg Branch
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| Representative for products established under foreign law |
蜜豆视频 Fund Management (Switzerland) AG
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| Regulation |
UCITS
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| Legal form |
Unlimited
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| Day of inception |
March 15, 2013
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| Currency of account |
USD
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| Close of financial year |
May 31
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| Issue / redemption |
daily
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| Next distribution |
August
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| Maturity |
Open end
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| Management fee |
0.00% p.a.
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| Total expense ratio (TER) |
0.02% p.a.
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| Minimum investment |
n.a.
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| Reference Index / Benchmark |
JP Morgan Asian Credit Non-Investment Grade Index USD
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| Cut-Off Time |
13:00h (CET)
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| Securities no. |
20549613
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| ISIN |
LU0883523861
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| Bloomberg Ticker |
UAHIXIU LX
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| Telekurs Id |
n.a.
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Performance and Prices
Percentage growth
as of April 3, 2024| USD(%) | CHF(%) | EUR(%) | |
| YTD | 7.49 | 15.68 | 9.71 |
| 1M | |||
| 3M | |||
| 6M | |||
| 1Y | |||
| 2Y | 0.85 | -8.25 | -2.56 |
| 3Y | |||
| 5Y | -24.14 | -31.06 | -21.28 |
| ø p.a.5Y | -5.38 | -7.17 | -4.67 |
Current data
| Net asset value | 04.04.2024 | USD 55.60 |
| High - last 12 months | 14.04.2023 | USD 56.30 |
| Low - last 12 months | 28.08.2023 | USD 47.71 |
| Last distribution | 04.08.2023 | USD 3.21 |
| Assets of the unit class in mn | 04.04.2024 | USD 67.81 |
| Total product assets in mn | 04.04.2024 | USD 801.41 |
| Option Adjusted Duration | 29.02.2024 | 2.20 |
| Average remaining maturity | 29.02.2024 | 3.73 years |
Structures
By the 10 largest positions (in %, as of February 29, 2024)
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| Ind & Comm Bk Of China | 4.03 |
| Islamic Rep Of Pakistan | 2.50 |
| Greenko Dutch Bv | 2.48 |
| Republic Of Sri Lanka | 1.89 |
| Nwd Finance (Bvi) Ltd | 1.88 |
| Standard Chartered Plc | 1.58 |
| Periama Holdings Llc/De | 1.49 |
| Huarong Finance 2019 | 1.49 |
| Vedanta Resources Plc | 1.35 |
| Mgm China Holdings Ltd | 1.35 |
Fees
Distributions
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Date of distribution
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Pay date
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Cps no.
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Currency
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Distribution
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| 01.08.2023 | 04.08.2023 | 12 | USD | 3.21 |
Authorisations
Literature
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| Prospectus |
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| Key Information Document |
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| Past performance |
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| Previous performance scenario |
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| Statutes / Management regulations |
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| ESG Disclosure |
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| Annual report |
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| Semi-annual report |
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