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

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
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
Representative for products established under foreign law
ÃÛ¶¹ÊÓƵ AG, Stockholm
Day of inception
March 14, 2018
Currency of account
EUR
Close of financial year
May 31
Issue / redemption
daily
Distribution
Reinvestment
Maturity
Open end
Management fee
0.92% p.a.
Total expense ratio (TER)
1.21% p.a.
Swing pricing
yes
Minimum investment
n.a.
Reference Index / Benchmark
Bloomberg China Aggregate Index in EUR
ISIN
LU1717043837
Bloomberg Ticker
UBCFEPA LX

Performance and Prices

Percentage growth

as of April 3, 2024
Cumulative
EUR(%) SEK(%)
YTD
1M
3M
6M
1Y 0.33 2.30
2Y
3Y 10.08 23.68
5Y 14.09 26.29
ø p.a.5Y 2.67 4.78

Current data

Net asset value 03.04.2024 EUR 126.25
High - last 12 months 02.04.2024 EUR 126.63
Low - last 12 months 19.07.2023 EUR 117.90
Assets of the unit class in mn 03.04.2024 EUR 28.49
Total product assets in mn 03.04.2024 EUR 297.52
Theoretical yield to maturity (net) 29.02.2024 1.36%
Option Adjusted Duration 29.02.2024 6.23

Structures

Fees

Flat fee
1.15%
Management fee p.a.
0.92%
Max. issuing commission
3.00%
Max. redemption commission
0.00%
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
ÃÛ¶¹ÊÓƵ AG, Stockholm
France
BNP PARIBAS Securities Services
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.
Malta
Crystal Finance Investments Limited
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
Manager Commentary
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
Annual and semi-annual report (accounting on May 31)
Document type
Document Language
Annual report
Semi-annual report