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.

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
Bond
Aggregate
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
Representative for products established under foreign law
ÃÛ¶¹ÊÓƵ Fund Management (Switzerland) AG
Day of inception
March 14, 2018
Currency of account
CNY
Close of financial year
May 31
Issue / redemption
daily
Distribution
Reinvestment
Maturity
Open end
Management fee
0.00% p.a.
Total expense ratio (TER)
0.19% p.a.
Minimum investment
n.a.
Reference Index / Benchmark
Bloomberg China Aggregate Index in CNY
Cut-Off Time
11:00h (CET)
Securities no.
38478433
ISIN
LU1698195721
Bloomberg Ticker
UBCFIBA LX

Performance and Prices

Percentage growth

as of April 3, 2024
Cumulative
CNY(%) CHF(%) EUR(%) USD(%)
YTD 2.20 7.81 2.25 0.17
1M
3M
6M
1Y
2Y 4.31 -6.99 -1.22 2.24
3Y
5Y 24.12 4.57 19.40 15.07
ø p.a.5Y 4.42 0.90 3.61 2.85

Current data

Net asset value 03.04.2024 CNY 1,341.26
High - last 12 months 03.04.2024 CNY 1,341.26
Low - last 12 months 06.04.2023 CNY 1,268.64
Assets of the unit class in mn 03.04.2024 CNY 106.57
Total product assets in mn 03.04.2024 CNY 2,329.81
Option Adjusted Duration 29.02.2024 6.23

Structures

By the 10 largest positions (in %, as of February 29, 2024)

 
 
Bank Of China 4.15 19 Mar 2031 3.76
Guangdong Province Govt 3.41 21 Apr 2031 3.22
Agricul Dev Bank 3.01 16 Mar 2030 3.18
China Government Bond 3.25 22 Nov 2028 3.17
China Govt Bond 2.67 25 Nov 2033 3.10
Guangdong Province Govt 2.88 13 May 2030 3.10
China Govt Bond 2.39 15 Nov 2026 3.04
China Govt Bond 3.32 15 Apr 2052 2.91
China Government Bond 3.29 23 May 2029 2.65
Central Huijin Inv 3.71 18 Sep 2027 2.65

Fees

Flat fee
0.1400%
Management fee p.a.
0.0000%

Distributions

No distributions. Continuous reinvestment of income.

Authorisations

Country of distribution
Representative / Information
Luxembourg
ÃÛ¶¹ÊÓƵ Fund Services (Luxembourg) S.A.
Singapore
ÃÛ¶¹ÊÓƵ Asset Management (Singapore) Ltd.
Switzerland
ÃÛ¶¹ÊÓƵ Fund Management (Switzerland) AG

Literature

Brochures
Document type
Document Language
Fact Sheet
Manager Commentary
Fact Sheet - Bond
Fact Sheet - Aggregate
Agreement / Prospectus
Document type
Document Language
Prospectus
Key Information Document
Past performance
Previous performance scenario
Statutes / Management regulations
ASIP ESG Report
Annual and semi-annual report (accounting on May 31)
Document type
Document Language
Annual report
Semi-annual report