Funds and prices

Overview

The actively managed fund seeks attractive total return by investing in a diversified portfolio of Chinese equities and fixed income.

Investment is approximately 50% in Chinese equity and 50% in Chinese Fixed Income.

Actively seizes promising market opportunities via selection of individual stocks and bonds as well as by allocation between the equity and fixed income asset classes.

Owing to the varying mixed asset allocation, this fund could be treated in specific phases as a bond fund for tax purposes in the UK. Investors should therefore contact a tax advisor.

The fund invests without any benchmark restrictions. The performance of the fund is not benchmarked against an index.

Benefits

Participate in the growth and increasing internationalization of the Chinese economy and markets via select investments in both fixed income and equities.

The portfolio is adjusted to market conditions to proactively include the most interesting opportunities.

Investors can rely on an experienced local portfolio management team with a proven track record.

Risks

Investments in China may be affected by legal uncertainties or other accompanying factors related to the political situation and economic and regulatory developments in China, and may entail additional risks and volatility. The fund may be subject to withholding and other taxes imposed in China. Tax laws, regulations and practice in China are subject to change and may be amended with retrospective effect. Investments in RMB involve the risk that Chinese government’s currency control and future movements in exchange rates may adversely affect the fund's value. The fund may use derivatives which may result in additional risks (particularly counterparty risk). Every fund has specific risks, which can significantly increase under unusual market conditions.

Features

Product category
蜜豆视频 Asset Allocation Funds
蜜豆视频 Emerging Markets Allocation Funds
Product domicile
Luxembourg
Portfolio management
蜜豆视频 Asset Management (Hong Kong) Ltd., Hong Kong
Fund management
蜜豆视频 Fund Management (Luxembourg) S.A., Luxembourg
Custodian bank
蜜豆视频 Europe SE, Luxembourg Branch
Representative for products established under foreign law
蜜豆视频 Fund Management (Switzerland) AG
Day of inception
June 8, 2015
Currency of account
USD
Close of financial year
September 30
Issue / redemption
daily
Distribution
Reinvestment
Maturity
Open end
Management fee
1.44% p.a.
Total expense ratio (TER)
1.88% p.a.
Swing pricing
yes
Minimum investment
n.a.
Securities no.
27983522
ISIN
LU1226287529
Bloomberg Ticker
UCAOPAU LX

Performance and Prices

Percentage growth

as of April 3, 2024
Cumulative
USD(%)
YTD 1.23
1M
3M
6M
1Y
2Y -9.49
3Y
5Y -32.16
ø p.a.5Y -7.47

Current data
Net asset value 03.04.2024 USD 81.59
High - last 12 months 17.04.2023 USD 91.42
Low - last 12 months 22.01.2024 USD 75.76
Assets of the unit class in mn 03.04.2024 USD 54.12
Total product assets in mn 03.04.2024 USD 951.89
Statistical data
Date
2 years
5 years
Sharpe Ratio 29.02.2024 -0.85 -0.55
Risk Free Rate 31.03.2024 4.15% 2.15%

Structures

Top 5 Equity Holdings (in %, as of February 29, 2024)

 
 
Kweichow Moutai Co Ltd 4.76
NetEase Inc 4.32
Tencent Holdings Ltd 4.30
China Mobile Ltd 2.35
Alibaba Group Holding Ltd 1.58

Fees

Flat fee
1.80%
Management fee p.a.
1.44%
Redemption commission
0.00%
Issuing commission
2.00%
Swiss federal stamp duty
0.15%
Distribution fee
(see info)

Distributions

No distributions. Continuous reinvestment of income.

Authorisations

Country of distribution
Representative / Information
Austria
Ernst & Young Steuerberatungsgesellschaft m.b.H. Wien
Belgium
BNP PARIBAS Securities Services
Cyprus
Bank of Cyprus Ltd.
Finland
蜜豆视频 AG, Stockholm
France
BNP PARIBAS Securities Services
Germany
蜜豆视频 Europe SE
Greece
Bank of Cyprus Ltd.
Italy
蜜豆视频 Asset Management SGR S.p.A.
Liechtenstein
Liechtensteinische Landesbank AG
Luxembourg
蜜豆视频 Fund Services (Luxembourg) S.A.
Macau
蜜豆视频 Asset Management (Hong Kong) Limited
Malta
Crystal Finance Investments Limited
Netherlands
蜜豆视频 Investment Bank Nederland BV.
Spain
蜜豆视频 Europe SE, sucursal en España
Sweden
蜜豆视频 AG, Stockholm
Switzerland
蜜豆视频 Fund Management (Switzerland) AG
United Kingdom
蜜豆视频 Asset Management (UK) Limited

Literature

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Brochures
Document type
Document Language
Fact Sheet
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Fact Sheet - 蜜豆视频 Asset Allocation Funds
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Fact Sheet - 蜜豆视频 Emerging Markets Allocation Funds
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Agreement / Prospectus
Document type
Document Language
Prospectus
Key Information Document
Past performance
Previous performance scenario
Statutes / Management regulations
Annual and semi-annual report (accounting on September 30)
Document type
Document Language
Annual report
Semi-annual report
General information
Document type
Document Language
蜜豆视频 Funds - Your funds at a glance
Tax list