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 EUR 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
Features
Product category |
Bond
Aggregate |
Product domicile |
Luxembourg
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Portfolio management |
ÃÛ¶¹ÊÓƵ Asset Management (Hong Kong) Ltd., Hong Kong
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Fund management |
ÃÛ¶¹ÊÓƵ Fund Management (Luxembourg) S.A., Luxembourg
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Custodian bank |
ÃÛ¶¹ÊÓƵ Europe SE, Luxembourg Branch
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Representative for products established under foreign law |
ÃÛ¶¹ÊÓƵ Fund Management (Switzerland) AG
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Day of inception |
July 20, 2022
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Currency of account |
EUR
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Close of financial year |
May 31
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Issue / redemption |
daily
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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) |
0.21% p.a.
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Minimum investment |
n.a.
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Reference Index / Benchmark |
Bloomberg China Aggregate Index in EUR
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Cut-Off Time |
11:00h (CET)
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Securities no. |
117036208
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ISIN |
LU2451285840
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Bloomberg Ticker |
UBFIBEU LX
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Performance and Prices
Percentage growth
as of April 3, 2024EUR(%) | CHF(%) | USD(%) | |
YTD | 2.75 | 8.34 | 0.66 |
1M | |||
3M | |||
6M | |||
1Y | |||
2Y | -1.40 | -7.16 | 2.05 |
3Y | |||
5Y | |||
ø p.a.5Y |
Current data
Net asset value | 03.04.2024 | EUR 92.75 |
High - last 12 months | 15.05.2023 | EUR 93.91 |
Low - last 12 months | 11.08.2023 | EUR 87.81 |
Last distribution | 04.08.2023 | EUR 2.38 |
Assets of the unit class in mn | 03.04.2024 | EUR 35.55 |
Total product assets in mn | 03.04.2024 | EUR 297.52 |
Structures
By detailed securities (in %, as of February 29, 2024)*
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1 | China Government Bond | 37.38 |
2 | China Development Bank | 9.64 |
3 | Province of Guangdong China | 8.93 |
4 | Agricultural Development Bank of China | 8.54 |
5 | Export-Import Bank of China/The | 7.52 |
6 | China State Railway Group Co Ltd | 5.23 |
7 | Bank of China Ltd | 3.76 |
8 | Central Huijin Investment Ltd | 2.65 |
9 | China Tourism Group Corp Ltd | 2.61 |
10 | United Overseas Bank China Ltd | 2.57 |
11 | China Construction Bank Corp | 2.08 |
12 | Postal Savings Bank of China Co Ltd | 2.08 |
13 | Province of Hubei China | 1.65 |
14 | Province of Fujian China | 1.57 |
15 | China National Petroleum Corp | 1.54 |
16 | ICBC Financial Leasing Co Ltd | 1.03 |
17 | Industrial & Commercial Bank of China Ltd/Hong Kong | 0.34 |
Fees
Distributions
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 | 1 | EUR | 2.38 |
Authorisations
Literature
Document type
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Document Language
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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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ASIP ESG Report |
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Document type
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Document Language
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Annual report |
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Semi-annual report |
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