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.

This share class (qdist) may make quarterly distributions. There are potential negative tax consequences for investors in some jurisdictions. See risk section below.

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). All investments are subject to market fluctuations. Every Fund has specific risks, which can significantly increase under unusual market conditions. Please consult your client advisor for more information on the investment risks of this product. This share class (qdist) may make quarterly distributions. There are potential negative tax consequences for investors in some jurisdictions.

Features

Asset class
Bond
Aggregate
Product domicile
Luxembourg
Portfolio management
ÃÛ¶¹ÊÓƵ Asset Management (Singapore) Ltd
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 Asset Management (Singapore) Ltd.
Day of inception
24 September, 2020
Currency of account
EUR
Close of financial year
31 May
Issue / redemption
daily
Maturity
Open end
Management fee
0.44% p.a.
Total expense ratio (TER)
0.58% p.a.
Minimum investment
n.a.
Reference Index / Benchmark
Bloomberg China Aggregate Index in EUR
Cut-Off Time
11:00h (CET)
ISIN
LU2230637725
Bloomberg Ticker
UBFIRIE LX

Performance and Prices

Percentage growth

as of 16 May, 2023
Cumulative
EUR(%)
YTD
1M
3M
6M
1Y -3.54
2Y
3Y -
5Y -
ø p.a.5Y

Current data

Net asset value 17.05.2023 EUR 0.00
High - last 12 months 12.07.2022 EUR 121.72
Low - last 12 months 17.05.2023 EUR 0.00
Last distribution 20.04.2023 EUR 0.87
Assets of the unit class in mn 16.05.2023 EUR 0.03
Assets under management 16.05.2023 EUR 518.26
Option Adjusted Duration 28.04.2023 5.78

Structures

Fees

Flat fee
0.5500%
Management fee p.a.
0.4400%

Distributions

From
01-Nov-2020
To
01-Nov-2021
Date of distribution
Pay date
Currency
Distribution
EU Savings Tax - Tax domicile other EU country
Ex-date
15.07.2022 20.07.2022 8 EUR 1.02 n.a. 17.10.2022 20.10.2022 9 EUR 0.94 n.a. 17.01.2023 20.01.2023 10 EUR 0.88 n.a. 17.04.2023 20.04.2023 11 EUR 0.87 n.a.

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