Q Outlook and Strategy Income Funds

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Q Outlook and Strategy Income Funds"

Transcription

1 Q3 Outlook and Strategy Income Funds

2 Industry Recognitions for Asian Fixed Income Capabilities Organiser Award Asia Asset Management Best of the Best Performance Awards 2015: Asian Bonds (3 years) 1 Best of the Best Performance Awards 2014: Asian Bonds (3 years) 1 AsianInvestor AsianInvestor Investment Performance Awards 2014: Best Asian Fixed Income, US dollar 2 AsianInvestor Investment Performance Awards 2013: Best Asian Fixed Income, US dollar 2 BENCHMARK BENCHMARK Fund of the Year Awards 2016: Best-In-Class, Asia High Yield Bond 3 BENCHMARK Fund of the Year Awards 2015: Best-In-Class, Asia Bond 3 Fund Selector Asia The Fund Selector Asia Hong Kong: Platinum Winner in Regional Bond 4 The 2015 Fund Selector Asia Hong Kong: Gold Winner in Regional Bond 4 Fundsupermart.com FSM Fund Picks /18 Asian Fixed Income 5 FSM Fund Picks 2016/17 Asian Fixed Income 5 Lipper Lipper Fund Awards Year Hong Kong: Best Bond Fund, Asia Pacific, Local Currency (3 & 5 years) 6 Lipper Fund Awards Year 2016 Hong Kong: Best Bond Fund, Asia Pacific, Local Currency (3 years) 6 The awards mentioned above were granted to BEA Union Investment Asian Bond and Currency Fund. 1. Source: Asia Asset Management, performance as at 30 September 2015 for 2015 award, as at 30 September 2014 for 2014 award. 2. Source: AsianInvestor, performance as at 31 December 2013 for 2014 award, as at 31 December 2012 for 2013 award. 3. Source: BENCHMARK, performance for A USD (Acc) as at 30 September 2016 for 2016 award, as at 30 September 2015 for 2015 award. 4. Source: Fund Selector Asia, performance as at 30 June 2016 for award, as at 30 June 2014 for 2015 award. 5. Source: Fundsupermart.com, performance for A USD (Acc) as at 31 March for /18 award and as at 31 March 2016 for 2016/17 award. 6. Source: Lipper, performance for A USD (Acc) as at 31 December 2016 for award, as at 31 December 2015 for 2016 award. Award logo from Thomson Reuters Lipper Awards, Thomson Reuters. All rights reserved. Used by permission and protected by the Copyright Laws of the United States. The printing, copying, redistribution, or retransmission of this Content without express written permission is prohibited. 1 Outlook and Strategy on Income Funds

3 Investment Theme U.S. Rate Hike in June, Asian Corporate Bonds Stay Relatively Defensive U.S. raised rate by 25 basis points in June, the federal funds target rate increased to 1% 1.25%. We expect the pace of U.S. rate hikes to be moderate. One more rate hike in the second half of the year is possible, and the U.S. Federal Reserve (Fed) may also begin to normalise its balance sheet. The Fed s balance sheet actions will be more of a consideration in the fourth quarter or next year it may create upward pressure on the interest rate in the short term, and we expect corporate bonds with a credit spread cushion will be a good defensive tool. U.S. treasury yields traded lower due to a range of global uncertainties have emerged recently, including concern about Trump s ability to implement reforms, terrorist attacks in England, and geopolitical tensions in Korea. We have a positive outlook on the Asian bond market in the long term, given the signs of economic stabilisation, continuous capital inflows into Asian bond market in search of higher yield. China High Yield Bonds Continue to Attract Interest from Chinese Investors Chinese high yield bond market remains resilient, especially the low beta names, due to healthy demand from Chinese investors during a generally weaker risk appetite. Chinese property issuers have been gaining market share and maintaining profit stability with strong cash flows. Meanwhile, Chinese issuers in retail sector are benefitting from a recovery in same-store sales and increased exposure to the catering business; at the same time, they also have better asset coverage ratios. Asian high yield corporate bonds widened substantially due to the potential restructuring risk of an Asian commodity issuer, creating negative sentiment throughout the market. We are cautious on the commodity sector, as commodity prices are still trending down. Macro economic The overall macro environment remains benign, inflation expectations are likely to come down further, we think the overall macro backdrop remains favourable to financial assets especially equities. From an absolute return standpoint, Asian and emerging credits continue to do well on attractive yields and currency strength. Outlook and Strategy on Income Funds 2

4 BEA Union Investment Asian Bond and Currency Fund ( ABC ) as at 31 May BEA Union Investment Asian Bond and Currency Fund seeks regular interest income, capital gains and currency appreciation from an actively managed portfolio of debt securities denominated in Asian or other currencies and primarily issued by Asian government or corporate entities. The fund invests in emerging markets, which are subject to higher liquidity and volatility risks. The fund may invest in lower-rated fixed income instruments, including below investment grade and non-rated debt securities, which are subject to greater credit and liquidity risks than higher-rated securities. The manager may at its discretion make distributions from income and/or capital in respect of the distributing classes of the Fund. Investors should note that the distributions paid out of capital amount to a return or withdrawal of part of the unitholder s original investment or from any capital gains attributable to that original investment. Such distribution may result in an immediate reduction of the net asset value per unit. In terms of currency hedged class units, adverse exchange rate fluctuations between the base currency of the fund and the class currency of the currency hedged class units may result in a decrease in return and/or loss of capital for unitholders. Over-hedged or under-hedged positions may arise and there can be no assurance that these currency hedged class units will be hedged at all times or that the manager will be successful in employing the hedge. Investors may invest in RMB (Hedged) units. It should be noted that the RMB is currently not a freely convertible currency as it is subject to foreign exchange control policies of the Chinese government. There is also no assurance that the RMB will not be subject to devaluation. Any devaluation of the RMB could adversely affect the value of investors investments. There is no guarantee that the hedging strategy will be effective and investors may still be subject to the RMB currency exchange risk. The fund may enter into futures contracts and currency forward contracts for hedging and investment purposes. Given the leverage effect embedded in futures and currency forward contracts, the fund may be exposed to significant losses. Investors should not make an investment decision based solely on this material. Fund Performance Morningstar Overall Rating 1 % YTD 1 Year 3 Years 5 Years Since Launch A USD (Acc) A USD (Dis) H HKD (Dis) A AUD Hgd (Dis) # N/A ^ N/A N/A A RMB Hgd (Dis) # N/A ^ N/A N/A #Hgd = Hedged Source: Lipper, as at 31 May. A USD (Acc) and A USD (Dis) were launched on 28 August H HKD (Dis) was launched on 1 June A AUD Hgd (Dis) and A RMB Hgd (Dis) were launched on 30 May Performance is calculated in the respective class of denominated currencies on a NAV to NAV basis. Gross income is re-invested. HKD/USD based investors are exposed to foreign exchange fluctuations. Past performance is not indicative of future performance. ^ Since launch till 31 December of the same year. Portfolio Recap & Strategy Market Review The fund scaled down its high yield risk by reducing holdings in names with weaker credit profiles, especially in the commodities sector, after market sentiment fell due to credit events. The fund remained positive on defensive high yield bonds in property and retail sectors. The fund added positions with attractive carry in the CNH bond market and eased its expectation on the scale of the currency s depreciation. The fund also selectively added other Asian currencies in view of decent fund inflows into the Asian region. Indicative Deposit Rate Latest Month Previous Month Dividend Yield BofA Merrill Lynch Asian Dollar High Yield Corporate Index 6.4% 6.0% Source: Bloomberg. Latest month: as at 31 May ; previous month: as at 30 April Key Economic Indicators GDP (YoY) CPI (YoY) PMI Mar Dec 2016 May Apr May Apr China 6.9% 6.8% 1.5% 1.2% U.S. 2.0% 2.0% 1.9% 2.2% Source: Bloomberg, as at respective month end. Market Commentary Despite a year-to-date rally in the high yield sector, we are still positive on this asset class in the longer term given the continuous capital inflows into the Asian market in search of higher yields, as well as stronger economic growth, manageable inflation rates, and limited new supply in the near future. The strengthening U.S. economy had led Federal Reserve members to adopt a more hawkish stance, and it is increasingly likely that the central bank will substantially reduce its balance sheet this year, which may increase short-term volatility for Asian bonds and currencies. Despite the uncertainties, the Asian bond market will continue to gain from net fund inflows and a relatively stable economic and political environment. 1. Source: Morningstar. All Rights Reserved. Data as of 31 May. The rating is for A USD (Dis). 3 Outlook and Strategy on Income Funds

5 BEA Union Investment Asia Pacific Multi Income Fund ( APM ) as at 31 May BEA Union Investment Asia Pacific Multi Income Fund seeks to achieve income and long-term capital growth by investing in an actively managed portfolio of debt securities, listed REITs, and other listed securities in the Asia Pacific region. The fund invests in emerging markets and may be subject to higher liquidity and volatility risks. The fund invests directly in listed REITs, equities and managed funds, and is thus subject to the risks generally associated with such asset classes, including but not limited to liquidity of the asset class, changes in investment sentiment, political environment, economic, business and social conditions in local and global marketplace. The fund may invest in lower-rated fixed income instruments, including below investment grade and non-rated debt securities, which are subject to greater credit and liquidity risks than higher-rated securities. The manager may at its discretion make distributions from income and/or capital in respect of the distributing classes of the fund. Investors should note that the distributions paid out of capital amount to a return or withdrawal of part of the unitholder s original investment or from any capital gains attributable to that original investment. Such distribution may result in an immediate reduction of the net asset value per unit. In terms of currency hedged class units, adverse exchange rate fluctuations between the base currency of the fund and the class currency of the currency hedged class units may result in a decrease in return and/or loss of capital for unitholders. Over-hedged or under-hedged positions may arise and there can be no assurance that these currency hedged class units will be hedged at all times or that the manager will be successful in employing the hedge. Investors may invest in RMB (Hedged) units. It should be noted that the RMB is currently not a freely convertible currency as it is subject to foreign exchange control policies of the Chinese government. There is also no assurance that the RMB will not be subject to devaluation. Any devaluation of the RMB could adversely affect the value of investors investments. There is no guarantee that the hedging strategy will be effective and investors may still be subject to the RMB currency exchange risk. The fund may enter into futures contracts for hedging and investment purposes. Given the leverage effect embedded in futures contracts, the fund may be exposed to significant losses. Investors should not make an investment decision based solely on this material. Fund Performance Morningstar Overall Rating 1 % YTD 1 Year 3 Years 5 Years Since Launch Class A USD (Dis) ^ Class A HKD (Dis) ^ Class A USD (Acc) N/A ^ Class A AUD Hgd (Dis) # N/A ^ N/A N/A Class A RMB Hgd (Dis) # N/A ^ N/A N/A A NZD Hgd (Dis) # N/A N/A ^ N/A N/A #Hgd = Hedged Source: Lipper, as at 31 May. A USD (Dis) and A HKD (Dis) were launched on 11 May 2012, A USD (Acc) was launched on 28 September A AUD Hgd (Dis) and A RMB Hgd (Dis) were launched on 30 May A NZD Hgd (Dis) was launched on 12 December Performance is calculated in the respective class of denominated currencies on a NAV to NAV basis. Gross income is re-invested. HKD/USD based investors are exposed to foreign exchange fluctuations. Past performance is not indicative of future performance. ^Since launch till 31 December of the same year. Portfolio Recap & Strategy The fund scaled down its high yield risk by reducing holdings in names with weaker credit profiles, especially in the commodities sector, after market sentiment fell due to credit events. The fund remained positive on defensive high yield bonds in property and retail sectors. In terms of equity, the fund withdrew its investment in the materials in anticipation of further commodity price weakness. The fund also withdrew its investment in an Australian bank due to a weaker economic outlook and concerns about the local housing market. Using this capital, the fund took advantage of favourable prices to add to certain positions in gambling, telecoms, banking, and industrials. Market Review Indicative Dividend Yield Latest Month Previous Month Dividend Yield of JACI Non-Investment Grade Index 6.6% 6.4% Dividend Yield of Hang Seng Index 3.3% 3.4% Dividend Yield of Bloomberg Asia REIT Index 4.5% 4.5% Source: Bloomberg. Latest month: as at 31 May ; previous month: as at 30 April. Source: Bloomberg, as at respective month end. Key Economic Indicators GDP (YoY) CPI (YoY) PMI Imports (YoY) Exports (YoY) Mar Dec 2016 Apr Mar May Apr Apr Mar Apr Mar China 6.9% 6.8% 1.2% 0.9% % 20.4% 8.0% 16.4% Hong Kong 4.3% 3.2% 2.0% 0.5% % 13.0% 7.1% 16.9% Singapore 2.7% 2.9% 0.4% 0.7% % 18.9% 4.1% 18.7% Market Commentary It is increasingly likely that the Federal Reserve will substantially reduce its balance sheet this year, which may increase short-term volatility for Asian bonds and currencies. Despite the uncertainties, the Asian bond market will continue to gain from net fund inflows and a relatively stable economic and political environment. Credit rating agency Moody s downgraded China s sovereign credit rating, arguing that the country s financial strength will worsen as economic growth slows down and debt rises, but the statement had no immediate impact on equity markets. 1. Source: Morningstar. All Rights Reserved. Data as of 31 May. The rating is for A USD (Dis). Outlook and Strategy on Income Funds 4

6 BEA Union Investment Asian Strategic Bond Fund ( ASB ) as at 31 May 2016 BEA Union Investment Asian Strategic Bond Fund seeks medium to long term capital growth and regular income by primarily (i.e. at least 70% of its non-cash assets) investing in debt securities that are (a) denominated in Asian currencies, or (b) issued or guaranteed by Asian governments or entities incorporated in Asia or have significant operations or assets in, or derive significant portion of revenue or profits from Asia, and denominated in USD or other currencies including Asian currencies. The fund invests in emerging markets and may be subject to higher liquidity and volatility risks. The fund may invest in below investment grade or non-rated debt securities, which are subject to greater credit and liquidity risks than higher-rated securities. The manager may at its discretion make distributions from income and/or capital in respect of the distributing classes of the fund. Investors should note that the distributions paid out of capital amount to a return or withdrawal of part of the unitholder s original investment or from any capital gains attributable to that original investment. Such distribution may result in an immediate reduction of the net asset value per unit. In terms of currency hedged class units, adverse exchange rate fluctuations between the base currency of the fund and the class currency of the currency hedged class units may result in a decrease in return and/or loss of capital for unitholders. Over-hedged or under-hedged positions may arise and there can be no assurance that these currency hedged class units will be hedged at all times or that the manager will be successful in employing the hedge. RMB is currently not freely convertible and is subject to foreign exchange control policies of the Chinese government. Non-RMB based (e.g. Hong Kong) investors are exposed to foreign exchange risk and there is no guarantee that the value of RMB against the investors base currencies (for example HKD) will not depreciate. Any depreciation of RMB would adversely affect the value of investor s investment in the Fund. The fund may use derivative instruments for hedging purposes which may not achieve the intended purpose and may result in significant losses. Investors should not make an investment decision based solely on this material. Fund Performance % Since Launch A USD (Acc) A USD (Dis) A HKD (Dis) Fund performance will be shown when the Fund has 6-month record. A AUD Hgd (Dis) # A RMB Hgd (Dis) # # Hgd = Hedged Portfolio Recap & Strategy Market Review The fund scaled down its high yield risk by reducing holdings in names with weaker credit profiles, especially in the commodities sector, after market sentiment fell due to credit events. The fund remained positive on defensive high yield bonds in property and retail sectors. The fund lengthened its portfolio duration in the second half of the month as headlines about Donald Trump depressed U.S. Treasury yields. Indicative Yield Latest Month Previous Month Dividend Yield BofA Merrill Lynch Asian Dollar Corporate Index 3.9% 3.8% Source: Bloomberg. Latest month: as at 31 May ; previous month: as at 30 April Key Economic Indicators GDP (YoY) CPI (YoY) PMI Mar Dec 2016 May Apr May Apr China 6.9% 6.8% 1.5% 1.2% Hong Kong 2.0% 2.0% 1.9% 2.2% Source: Bloomberg, as at respective month end. Market Commentary The strengthening U.S. economy had led Federal Reserve members to adopt a more hawkish stance, and it is increasingly likely that the central bank will substantially reduce its balance sheet this year, which may increase short-term volatility for Asian bonds and currencies. Investors may turn cautious as a result of political headlines from the U.S. and E.U. countries as well as unexpected terrorist attacks, all of which will have a generally negative impact on the global bond markets. Despite these uncertainties, the Asian bond market will continue to gain from net fund inflows and a relatively stable economic and political environment. 5 Outlook and Strategy on Income Funds

7 Fund Details BEA Union Investment Asian Bond and Currency Fund Unit Class A USD (Dis) H HKD (Dis) A AUD Hdg (Dis) # A RMB Hgd (Dis) # A USD (Acc) Launch Date 28 Aug Jun May May Aug 2008 Minimum Investment Amount Dividend Frequency HK$10,000 Monthly (aims to provide a monthly dividend, dividend is not guaranteed and distributions may be paid out of income and/or capital 2 ) Record Date 1 14 th day of every month Ex-Dividend Date One business day after Record Date ISIN HK HK HK HK HK Bloomberg BEABCAI HK BEABCHD HK BEAAUHD HK BEARMHD HK BEABCAA HK Base Currency Management Fee US$ 1.00% p.a. Preliminary Charge Up to 5.00% Realisation Charge Dealing Frequency Currently waived Daily (HK business days) BEA Union Investment Asia Pacific Multi Income Fund Unit Class A USD (Dis) A HKD (Dis) A AUD Hgd (Dis) # A NZD Hgd (Dis) # A RMB Hgd (Dis) # A USD (Acc) Launch Date 11 May May May Dec May Sep 2012 Minimum Investment Amount Dividend Frequency HK$10,000 Monthly (aims to provide a monthly dividend, dividend is not guaranteed and distributions may be paid out of income and/or capital 2 ) Record Date 1 14 th day of every month Ex-Dividend Date One business day after Record Date ISIN HK HK HK HK HK HK Bloomberg BEAPMIU HK BEAPMIH HK BEAPAAH HK BEANZDH HK BEAPARH HK BEAPUAA HK Base Currency Management Fee US$ 1.20% p.a. Preliminary Charge Up to 5.00% Realisation Charge Dealing Frequency Currently waived Daily (HK business days) # Hgd = Hedged 1 If such day is not a Business Day, the Record Date will be the immediately preceding Business Day. 2 Dividend only applies to distributing classes and is not guaranteed. The manager may at its discretion make distributions from income and/or capital in respect of the distributing classes of the fund. Investors should note that the distributions paid out of capital amount to a return or withdrawal of part of the unitholder s original investment or from any capital gains attributable to that original investment. Such distribution may result in an immediate reduction of the net asset value per unit. Outlook and Strategy on Income Funds 6

8 Fund Details BEA Union Investment Asian Strategic Bond Fund Unit Class A USD (Dis) A HKD (Dis) A AUD Hdg (Dis) # A RMB Hgd (Dis) # A USD (Acc) Launch Date 24 Feb Minimum Investment Amount Dividend Frequency HK$10,000 Monthly (aims to provide a monthly dividend, dividend is not guaranteed and distributions may be paid out of income and/or capital 2 ) Record Date 1 14 th day of every month Ex-Dividend Date One business day after Record Date ISIN HK HK HK HK HK Bloomberg BEABAUD HK BEABAHD HK BEAAAHD HK BEAARHD HK BEABAUA HK Base Currency Management Fee # Hgd = Hedged 1 If such day is not a business day, the record date will be the immediately preceding business day. 2 Dividend only applies to distributing classes and is not guaranteed. The manager may at its discretion make distributions from income and/or capital in respect of the distributing classes of the fund. Investors should note that the distributions paid out of capital amount to a return or withdrawal of part of the unitholder s original investment or from any capital gains attributable to that original investment. Such distribution may result in an immediate reduction of the net asset value per unit. US$ 1.00% p.a. Preliminary Charge Up to 5.00% Realisation Charge Dealing Frequency Currently waived Daily (HK business days) Investments in the fund(s) are subject to investment risks, including the possible loss of the principal amount invested. For full details and risk factors of the fund(s), please refer to the explanatory memorandum of the fund(s). Investors should also read the explanatory memorandum of the fund(s) for detailed information prior to any subscription. The information contained herein is only a brief introduction to the fund(s). Investors should be aware that the price of units may go down as well as up as the investments of the fund(s) are subject to market fluctuations and to the risks inherent in all investments. Past performance is not indicative of future performance. The information contained in this document is based upon information which BEA Union Investment Management Limited considers reliable and is provided on an as is basis. This document does not constitute an offer, recommendation or solicitation to buy or sell any securities or financial instruments. The fund(s) have been authorized by the Securities and Futures Commission ( SFC ) in Hong Kong. SFC authorisation is not a recommendation or endorsement of a scheme nor does it guarantee the commercial merits of a scheme or its performance. It does not mean the scheme is suitable for all investors nor is it an endorsement of its suitability for any particular investor or class of investors. This material has not been reviewed by the SFC in Hong Kong. Issuer: BEA Union Investment Management Limited Retail Hotline: (852)

Outlook and Strategy Income Funds

Outlook and Strategy Income Funds Q 3 Outlook and Strategy Income Funds Industry Recognitions for Asian Fixed Income Capabilities Organiser Award Asia Asset Management Best of the Best Performance Awards 2015: Asian Bonds (3 years) 1 Best

More information

Outlook and Strategy Income Funds

Outlook and Strategy Income Funds Q 4 Outlook and Strategy Income Funds Industry Recognitions for Asian Fixed Income Capabilities Organiser Award Asia Asset Management Best of the Best Performance Awards 2015: Asian Bonds (3 years) 1 Best

More information

Outlook and Strategy Asia/Global Funds

Outlook and Strategy Asia/Global Funds Q4207 Outlook and Strategy Asia/Global Funds Investment Theme Interest Rate Normalisation Causes Short-term Volatility for Global Bonds The strong economic data in the U.S. and eurozone will continue to

More information

Outlook and Strategy Hong Kong China Funds

Outlook and Strategy Hong Kong China Funds Q 208 Outlook and Strategy Hong Kong China Funds Investment Theme Mainland Stock Market Stabilises after Policy Impact Absorbed Mainland China s property sector rebounded as home prices stabilised. The

More information

PRODUCT KEY FACTS BEA Union Investment Series - BEA Union Investment Asian Bond and Currency Fund

PRODUCT KEY FACTS BEA Union Investment Series - BEA Union Investment Asian Bond and Currency Fund PRODUCT KEY FACTS BEA Union Investment Series - BEA Union Investment Asian Bond and Currency Fund 1 November 2017 Quick facts This statement provides you with key information about this product. This statement

More information

PRODUCT KEY FACTS BEA Union Investment Series - BEA Union Investment Asian Bond and Currency Fund

PRODUCT KEY FACTS BEA Union Investment Series - BEA Union Investment Asian Bond and Currency Fund PRODUCT KEY FACTS BEA Union Investment Series - BEA Union Investment Asian Bond and Currency Fund 1 November 2017 Quick facts This statement provides you with key information about this product. This statement

More information

PRODUCT KEY FACTS. Table of Content. BEA Union Investment Global Themes Fund 1. BEA Union Investment Asian Bond and Currency Fund 7

PRODUCT KEY FACTS. Table of Content. BEA Union Investment Global Themes Fund 1. BEA Union Investment Asian Bond and Currency Fund 7 Product Key Facts January 2018 BEA Union Investment Series BEA Union Investment Global Themes Fund BEA Union Investment Asian Bond and Currency Fund BEA Union Investment China Phoenix Fund BEA Union Investment

More information

Schroder Asian Income Monthly Fund Update

Schroder Asian Income Monthly Fund Update Monthly Fund Update Fund Performance As at 30 April 2016, in SGD 1 month Year to date 1 Year 3 Years (p.a.) Since launch* (p.a.) Fund (Bid-Bid) (%) Fund (Offer-Bid) (%) 0.9 1.9-2.3 2.3 8.0-4.1-3.2-7.2

More information

Product Key Facts April BEA Union Investment Series. BEA Union Investment Asian Bond and Currency Fund. BEA Union Investment China Phoenix Fund

Product Key Facts April BEA Union Investment Series. BEA Union Investment Asian Bond and Currency Fund. BEA Union Investment China Phoenix Fund Product Key Facts April 2018 BEA Union Investment Series BEA Union Investment Asian Bond and Currency Fund BEA Union Investment China Phoenix Fund BEA Union Investment China A-Share Equity Fund BEA Union

More information

Eastspring Investments Funds Monthly Income Plan

Eastspring Investments Funds Monthly Income Plan Factsheet Singapore September 2018 All data as at 31 August 2018 unless otherwise stated Eastspring Investments Funds Monthly Income Plan FUND DETAILS Fund size (mil) 1,050.8 Fund base currency Fund dealing

More information

JPMorgan Funds Asia Pacific Income Fund. September 2018

JPMorgan Funds Asia Pacific Income Fund. September 2018 September 2018 AVAILABLE FOR PUBLIC CIRCULATION Important information 1. The Fund invests primarily in income generating securities of countries in the Asia Pacific region (excluding Japan), and may invest

More information

FSM Managed Portfolios Monthly Investment Outlook July 2016

FSM Managed Portfolios Monthly Investment Outlook July 2016 FSM Managed Portfolios Monthly Investment Outlook July 2016 1 Table of Contents Market Performance Review P.3 Portfolio s Performance Review P.4 Portfolio Holdings Performance P.6 Brexit Commentary P.10

More information

JPMorgan Europe High Yield Bond Fund

JPMorgan Europe High Yield Bond Fund AVAILABLE FOR PUBLIC CIRCULATION NEW JPMorgan Europe High Yield Bond Fund Asset Management Company of the Year, Asia + Important information 1. The Fund invests at least 7 in European and non-european

More information

E Fund Investment Fund Series E Fund RMB Fixed Income Fund

E Fund Investment Fund Series E Fund RMB Fixed Income Fund Data as of 31 st May 2015 IMPORTANT NOTES: 1)E Fund Investment Fund Series E Fund RMB Fixed Income Fund (the Sub-Fund ) is an investment fund and not a bank deposit. There is no guarantee of the repayment

More information

Schroder Asian Income Monthly Fund Update

Schroder Asian Income Monthly Fund Update Schroder Asian Income Monthly Fund Update Fund Performance As at 30 September 2014, SGD 1 month Year to date Since launch* Schroder Asian Income Fund (Bid-Bid) (%) -1.7 8.4 35.2 Schroder Asian Income Fund

More information

Haitong International Asset Management (HK) Limited Trustee:

Haitong International Asset Management (HK) Limited Trustee: PRODUCT KEY FACTS Haitong Investment Fund Series - Haitong Hong Kong Equity Investment Fund Issuer: Haitong International Asset Management (HK) Limited April 2018 This statement provides you with key information

More information

BEA Union Investment Capital Growth Fund

BEA Union Investment Capital Growth Fund Product Key Facts APRIL 2018 BEA Union Investment Capital Growth Fund BEA Union Investment Hong Kong Growth Fund BEA Union Investment Greater China Growth Fund BEA Union Investment Asia Strategic Growth

More information

Product Key Facts. Amundi HK Portfolios

Product Key Facts. Amundi HK Portfolios Amundi HK Portfolios Product Key Facts Amundi HK - Defensive Balanced Fund Amundi HK - Balanced Fund Amundi HK - Growth Fund Amundi HK - Money Market USD Fund Amundi HK - New Generation Asia Pacific Equity

More information

Haitong Global RMB Fixed Income Fund

Haitong Global RMB Fixed Income Fund Cumulative Return (%) Cumulative Return (%) Haitong Global RMB Fixed Income Fund (Class A) (The Sub-Fund of Haitong RMB Investment Fund Series) Monthly Report, Data as of 30 December 2016 IMPORTANT NOTES:

More information

HSBC Collective Investment Trust HSBC Asia Pacific ex Japan Equity Volatility Focused Fund

HSBC Collective Investment Trust HSBC Asia Pacific ex Japan Equity Volatility Focused Fund Important information: The Fund invests mainly in Asia Pacific ex Japan Equity. The Fund is subject to the risks of investing in emerging markets. The Fund may invest in financial derivative instruments

More information

ORSO 職業退休計劃. Fidelity Advantage Portfolio Fund

ORSO 職業退休計劃. Fidelity Advantage Portfolio Fund ORSO 職業退休計劃 Fidelity Advantage Portfolio Fund Semi-Annual Report and Accounts For the period ended 30 June 2018 SEMI-ANNUAL REPORT AND ACCOUNTS - FOR THE PERIOD ENDED 30TH JUNE 2018 Contents Pages Management

More information

Value Partners High-Dividend Stocks Fund

Value Partners High-Dividend Stocks Fund Value Partners High-Dividend Stocks Fund NAV per unit : Class A1 USD - USD95.87 Fund size : USD3,225.3 million HHHH Morningstar Rating TM1 As at 30-04-2018 Class A2 MDis USD - USD12.33 April 2018 Value

More information

Cumulative Performance Class A 1. Fund Performance 1. Portfolio Breakdown 5. Government Bonds. Corporate Bonds 19.73% Convertible Bonds 6.06% 12.

Cumulative Performance Class A 1. Fund Performance 1. Portfolio Breakdown 5. Government Bonds. Corporate Bonds 19.73% Convertible Bonds 6.06% 12. Monthly Factsheet As of 28 February 2018 Important Information The Fund invests in mainland China only, thus there is a concentration risk. Investors converting a local currency (HK dollar) to take up

More information

Eastspring Investments Asian Local Bond Fund

Eastspring Investments Asian Local Bond Fund Factsheet Singapore January 2018 All data as at 31 December 2017 unless otherwise stated Eastspring Investments Asian Local Bond Fund RATINGS Class A Morningstar Overall Rating QQQ FUND DETAILS Fund size

More information

JPMorgan Funds Asia Pacific Income Fund. August 2018

JPMorgan Funds Asia Pacific Income Fund. August 2018 August 2018 AVAILABLE FOR PUBLIC CIRCULATION Important information 1. The Fund invests primarily in income generating securities of countries in the Asia Pacific region (excluding Japan), and may invest

More information

In the usual course of business the application of a dilution adjustment will be triggered mechanically and on a consistent basis.

In the usual course of business the application of a dilution adjustment will be triggered mechanically and on a consistent basis. Schroder Investment Management (Hong Kong) Limited Level 33, Two Pacific Place 88 Queensway, Hong Kong ( ) 88 33 Tel +852 2521 1633 Fax +852 2530 9095 www.schroders.com.hk IMPORTANT: This letter is important

More information

PRODUCT KEY FACTS. Quick facts. BOCHK Wealth Creation Series BOCHK All Weather Asian Bond Fund. April Issuer: BOCHK Asset Management Limited

PRODUCT KEY FACTS. Quick facts. BOCHK Wealth Creation Series BOCHK All Weather Asian Bond Fund. April Issuer: BOCHK Asset Management Limited PRODUCT KEY FACTS BOCHK Wealth Creation Series BOCHK All Weather Asian Bond Fund April 2019 Issuer: BOCHK Asset Management Limited This statement provides you with key information about BOCHK All Weather

More information

Eastspring Investments Asian High Yield Bond Fund

Eastspring Investments Asian High Yield Bond Fund Factsheet Singapore February 2018 All data as at 31 January 2018 unless otherwise stated Eastspring Investments Asian High Yield Bond Fund RATINGS Class A Morningstar Overall Rating QQQ FUND DETAILS Fund

More information

Market volatility to continue

Market volatility to continue How much more? Renewed speculation that financial institutions may report increased US subprime-related losses has sent equity markets tumbling. How much more bad news can investors expect going forward?

More information

HSBC Global Investment Funds Global High Yield Bond

HSBC Global Investment Funds Global High Yield Bond Important information: The Fund invests primarily in non-investment grade and unrated bonds. For certain classes of the Fund, the Fund may pay dividends out of capital or pay dividends gross of expenses.

More information

FIDELITY ADVANTAGE PORTFOLIO FUND. Annual Report and Accounts

FIDELITY ADVANTAGE PORTFOLIO FUND. Annual Report and Accounts FIDELITY ADVANTAGE PORTFOLIO FUND Annual Report and Accounts December 2006 Fidelity Advantage Portfolio Fund Reports and Financial Statements Year ended 31st December 2006 Contents Pages Management and

More information

PRODUCT KEY FACTS BOCHK RMB Fixed Income Fund

PRODUCT KEY FACTS BOCHK RMB Fixed Income Fund PRODUCT KEY FACTS BOCHK RMB Fixed Income Fund a sub-fund of the BOCHK Investment Funds Issuer: BOCI-Prudential Asset Management Limited 30 April 2018 This statement provides you with key information about

More information

Eastspring Investments Funds Monthly Income Plan

Eastspring Investments Funds Monthly Income Plan Factsheet Singapore February 2018 All data as at 31 January 2018 unless otherwise stated Eastspring Investments Funds Monthly Income Plan FUND DETAILS Fund size (mil) 1,253.4 Fund base currency Fund dealing

More information

Eastspring Investments Asian High Yield Bond Fund

Eastspring Investments Asian High Yield Bond Fund Factsheet Singapore February 2019 All data as at 31 January 2019 unless otherwise stated Eastspring Investments Asian High Yield Bond Fund RATINGS Class A Morningstar Overall Rating QQQ FUND DETAILS Fund

More information

Value Partners High-Dividend Stocks Fund

Value Partners High-Dividend Stocks Fund Value Partners High-Dividend Stocks Fund NAV per unit : Class A1 USD - USD96.94 Fund size : USD3,296.2 million HHHH Morningstar Rating TM1 As at 28-02-2018 Class A2 MDis USD - USD12.57 February 2018 Value

More information

Issuer: Zeal Asset Management Limited November This statement provides you with key information about this product.

Issuer: Zeal Asset Management Limited November This statement provides you with key information about this product. PRODUCT KEY FACTS Issuer: Zeal Asset Management Limited November 2018 This statement provides you with key information about this product. This statement is a part of the Explanatory Memorandum. You should

More information

Eastspring Investments Funds Monthly Income Plan

Eastspring Investments Funds Monthly Income Plan Factsheet Singapore December 2018 All data as at 30 November 2018 unless otherwise stated Eastspring Investments Funds Monthly Income Plan FUND DETAILS Fund size (mil) 959.2 Fund base currency Fund dealing

More information

HSBC Global Investment Funds - India Fixed Income

HSBC Global Investment Funds - India Fixed Income HSBC Global Investment s - India Fixed Income SG Share Class AC AC 30/04/2018 Objective and Strategy The aims to provide long-term total return (meaning capital growth and income) by investing in a portfolio

More information

Eastspring Investments Funds Monthly Income Plan

Eastspring Investments Funds Monthly Income Plan Factsheet Singapore October 2018 All data as at 30 September 2018 unless otherwise stated Eastspring Investments Funds Monthly Income Plan FUND DETAILS Fund size (mil) 1,027.1 Fund base currency Fund dealing

More information

Manager and RQFII Holder: E Fund Management (Hong Kong) Co., Limited Bank of Communications Trustee Limited

Manager and RQFII Holder: E Fund Management (Hong Kong) Co., Limited Bank of Communications Trustee Limited PRODUCT KEY FACTS E Fund Investment Fund Series- E Fund (HK) RMB Fixed Income Fund E Fund Management (Hong Kong) Co., Limited November 2018 This statement provides you with key information about E Fund

More information

Value Partners High-Dividend Stocks Fund

Value Partners High-Dividend Stocks Fund Value Partners High-Dividend Stocks Fund NAV per unit : Class A1 USD - USD101.83 Fund size : USD3,523.7 million HHHH Morningstar Rating TM1 As at 31-01-2018 Class A2 MDis USD - USD13.25 January 2018 Value

More information

PRODUCT KEY FACTS. Quick facts Manager: Trustee: Custodian: Dealing frequency: Base currency: Ongoing charges over a year:

PRODUCT KEY FACTS. Quick facts Manager: Trustee: Custodian: Dealing frequency: Base currency: Ongoing charges over a year: PRODUCT KEY FACTS Issuer: Haitong International Asset Management (HK) Limited 1 Haitong RMB Investment Fund Series - Haitong Global RMB Fixed Income Fund May 2018 This statement provides you with key information

More information

PRODUCT KEY FACTS BOCHK RMB Fixed Income Fund

PRODUCT KEY FACTS BOCHK RMB Fixed Income Fund PRODUCT KEY FACTS BOCHK RMB Fixed Income Fund a sub-fund of the BOCHK Investment Funds Issuer: BOCI-Prudential Asset Management Limited 30 April 2015 This statement provides you with key information about

More information

HSBC Global Investment Funds - India Fixed Income

HSBC Global Investment Funds - India Fixed Income HSBC Global Investment s - India Fixed Income SG Share Class AC AC 31/03/2018 Objective and Strategy The aims to provide long-term total return (meaning capital growth and income) by investing in a portfolio

More information

Haitong International Asset Management (HK) Limited Trustee:

Haitong International Asset Management (HK) Limited Trustee: PRODUCT KEY FACTS Haitong Investment Fund Series - Haitong China A-Share Investment Fund Issuer: Haitong International Asset Management (HK) Limited July 2018 This statement provides you with key information

More information

Asia Total Return Fund

Asia Total Return Fund 8 Q Important Notes:. Manulife Global Fund Asia Total Return Fund ("Manulife Asia Total Return Fund" or the Fund ) invests primarily in a diversified portfolio of fixed income securities issued by governments,

More information

Investment strategy update Fundamentals remain solid despite strong volatility

Investment strategy update Fundamentals remain solid despite strong volatility For intermediaries only. Not for further distribution. 07 February 2018 Investment strategy update Fundamentals remain solid despite strong volatility Key takeaways Global market volatility picked up strongly

More information

Shanghai Commercial Bank Wealth Management. Investment Outlook Q4 2017

Shanghai Commercial Bank Wealth Management. Investment Outlook Q4 2017 Shanghai Commercial Bank Wealth Management Investment Outlook Q4 2017 Global Market and Currency Outlook A two-way traffic The Fed s balance sheet normalisation did not result in the prominent impact some

More information

HSBC Global Investment Funds - India Fixed Income

HSBC Global Investment Funds - India Fixed Income HSBC Global Investment Funds India Fixed Income SG Share Class 30/04/2018 Fund Objective and Strategy The Fund aims to provide longterm total return (meaning capital growth and income) by investing in

More information

United Asian High Yield Bond Fund

United Asian High Yield Bond Fund Investment Objective The United Asian High Yield Bond seeks to achieve a total return consisting of high income and capital appreciation by investing primarily in high yield fixed income or debt securities

More information

Power. Schroder Asian Income. your way to higher yields. p.a.

Power. Schroder Asian Income. your way to higher yields. p.a. Schroder Asian Income POTENTIAL PAYOUTS 6% PAID MONT HLY* p.a. Power your way to higher yields * It is Schroder Investment Management (Singapore) Ltd s (the Manager s ) current intention to declare distributions

More information

Value Partners. 31 August Pages. attractive opportunities for stable growth. Investment objective. Performance update

Value Partners. 31 August Pages. attractive opportunities for stable growth. Investment objective. Performance update 1 Value Partners High-Dividend Stocks Fund 31 August 2012 2 Pages NAV per unit: US$55.68 / HK$431.8541 2 (for reference only) Fund size: US$719.06 million Please pay particular attention to the risk of

More information

Schroder ISF Global Target Return Year-round growth, whatever the weather

Schroder ISF Global Target Return Year-round growth, whatever the weather Schroder ISF Global Target Return Year-round growth, whatever the weather Schroder ISF Global Target Return Schroder ISF Global Target Return (the Fund ) is designed for investors seeking to grow their

More information

Your gateway to Asia s strong growth potential. Schroder Asian Income

Your gateway to Asia s strong growth potential. Schroder Asian Income Your gateway to Asia s strong growth potential Asian economies rank amongst the fastest-growing and most dynamic globally. The region is set to remain as the world s growth engine for years to come. (the

More information

Baring Asia Balanced Fund

Baring Asia Balanced Fund Baring Asia Balanced Fund Morningstar RatingOverall Morningstar 5 Overall Morningstar Rating ««««As of 28.02.2018 1. The Fund may be subject to risks, such as investment, equities, fixed income securities,

More information

Monthly Outlook. June Summary

Monthly Outlook. June Summary Monthly Outlook June 2015 Summary Yields of US Treasuries (USTs) rallied in May, with the 2-year and 10-year yields up 4 and 9 basis points (bps) respectively as compared to end-april levels. During the

More information

ChinaAMC Select RMB Bond Fund Fund Factsheet

ChinaAMC Select RMB Bond Fund Fund Factsheet ChinaAMC Select RMB Bond Fund Fund Factsheet * Morningstar Rating TM As of 27 Apr 2018 37/F, Bank of China Tower, 1 Garden Road, Hong Kong ChinaAMC Select RMB Bond Fund (the Fund ), through the Renminbi

More information

FUND REVIEW. Eastspring Investments Funds Monthly Income Plan

FUND REVIEW. Eastspring Investments Funds Monthly Income Plan FUND REVIEW All data as at 31 July 2014 unless otherwise stated Eastspring Investments Funds Monthly Income Plan 1 FUND UPDATE Investment objective The investment objective of the Eastspring Investments

More information

PRODUCT KEY FACTS ChinaAMC Select Fund - ChinaAMC Select China New Economy Fund (the Sub-Fund ) April 2017

PRODUCT KEY FACTS ChinaAMC Select Fund - ChinaAMC Select China New Economy Fund (the Sub-Fund ) April 2017 PRODUCT KEY FACTS ChinaAMC Select Fund - ChinaAMC Select China New Economy Fund (the Sub-Fund ) April 2017 This statement provides you with key information about this product. This statement is a part

More information

PRODUCT KEY FACTS. BlackRock Premier Funds Horizon Income Fund. March Quick facts

PRODUCT KEY FACTS. BlackRock Premier Funds Horizon Income Fund. March Quick facts PRODUCT KEY FACTS BlackRock Premier Funds Horizon Income Fund March 2018 Quick facts Manager: Trustee: Custodian: Ongoing charges over a year # : Base currency: Dividend policy: This statement provides

More information

PRODUCT KEY FACTS ChinaAMC Select Fund - ChinaAMC Select China New Economy Fund (the Sub-Fund ) September 2016

PRODUCT KEY FACTS ChinaAMC Select Fund - ChinaAMC Select China New Economy Fund (the Sub-Fund ) September 2016 PRODUCT KEY FACTS ChinaAMC Select Fund - ChinaAMC Select China New Economy Fund (the Sub-Fund ) September 2016 This statement provides you with key information about this product. This statement is a part

More information

Allianz Global Investors Asia Fund

Allianz Global Investors Asia Fund Product Key Facts Allianz Global Investors Asia Fund April 2018 Table of Contents Page no. Allianz Selection European Equity Dividend 2 Allianz Selection Income and Growth 7 Allianz Selection US High Yield

More information

HSBC Global Investment Funds - Singapore Dollar Income Bond

HSBC Global Investment Funds - Singapore Dollar Income Bond HSBC Global Investment s - Singapore Dollar Income Bond S Share Class 31/08/2018 Objective and Strategy Investment Objective The invests for long-term total return (meaning capital growth and income) in

More information

United Asian High Yield Bond Fund

United Asian High Yield Bond Fund Investment Objective The United Asian High Yield Bond seeks to achieve a total return consisting of high income and capital appreciation by investing primarily in high yield fixed income or debt securities

More information

BOCOM International Asset Management Limited. Bank of Communications Trustee Limited. Class R HK$ (Dis): 1.47%# Class R US$ (Acc): 1.

BOCOM International Asset Management Limited. Bank of Communications Trustee Limited. Class R HK$ (Dis): 1.47%# Class R US$ (Acc): 1. PRODUCT KEY FACTS BOCOM International Fund - BOCOM INTERNATIONAL ASSET MANAGEMENT LIMITED April 2018 This statement provides you with key information about Global Strategic Emerging Markets Bond Fund.

More information

PRODUCT KEY FACTS Value Partners Greater China High Yield Income Fund

PRODUCT KEY FACTS Value Partners Greater China High Yield Income Fund PRODUCT KEY FACTS Value Partners Greater China High Yield Income Fund Issuer: Value Partners Hong Kong Limited April 2017 This statement provides you with key information about the Value Partners Greater

More information

PRODUCT KEY FACTS ChinaAMC Select Fund - ChinaAMC Select China New Economy Fund (the Sub-Fund ) March 2019

PRODUCT KEY FACTS ChinaAMC Select Fund - ChinaAMC Select China New Economy Fund (the Sub-Fund ) March 2019 PRODUCT KEY FACTS ChinaAMC Select Fund - ChinaAMC Select China New Economy Fund (the Sub-Fund ) March 2019 This statement provides you with key information about this product. This statement is a part

More information

HFT (HK) China Investment Series II HFT (HK) China RMB Money Market Fund (the Sub-Fund)

HFT (HK) China Investment Series II HFT (HK) China RMB Money Market Fund (the Sub-Fund) PRODUCT KEY FACTS HFT (HK) China Investment Series II HFT (HK) China RMB Money Market Fund (the Sub-Fund) Issuer: HFT Investment Management (HK) Limited October 2017 This statement provides you with key

More information

The Hong Kong Polytechnic University. MPF Member Briefing. September Fidelity Worldwide Investment

The Hong Kong Polytechnic University. MPF Member Briefing. September Fidelity Worldwide Investment The Hong Kong Polytechnic University MPF Member Briefing Fidelity Worldwide Investment September 2015 Fidelity Retirement Master Trust ( FRMT ) Please note: You should consider your own risk tolerance

More information

Following the change, there will be several new characters at the end of the share class name, to indicate:

Following the change, there will be several new characters at the end of the share class name, to indicate: Schroder International Selection Fund Société d Investissement à Capital Variable 5, rue Höhenhof, L-1736 Senningerberg Grand Duchy of Luxembourg Tel: +352 341 342 202 Fax:+352 341 342 342 IMPORTANT: This

More information

Power your way to higher yields

Power your way to higher yields Schroder Asian Income SGD Class Power your way to higher yields * Distributions at a variable percentage per annum of the net asset value per unit of the Schroder Asian Income SGD Class (the Fund ) will

More information

Economic and Market Outlook

Economic and Market Outlook Economic and Market Outlook Fourth Quarter 2018 Investment Products: Not FDIC Insured No Bank Guarantee May Lose Value Past performance is no guarantee of future results. Financial term and index definitions

More information

HSBC Collective Investment Trust HSBC RQFII Chinese Fixed Income Fund. Notices dated 4 July 2016 and 11 January Explanatory Memorandum

HSBC Collective Investment Trust HSBC RQFII Chinese Fixed Income Fund. Notices dated 4 July 2016 and 11 January Explanatory Memorandum HSBC Collective Investment Trust HSBC RQFII Chinese Fixed Income Fund Notices dated 4 July 2016 and 11 January 2016 Explanatory Memorandum December 2014 IMPORTANT: This document is important and requires

More information

HSBC Fund Update. HSBC GIF Global Emerging Markets Bond. April Market overview. Portfolio strategy

HSBC Fund Update. HSBC GIF Global Emerging Markets Bond. April Market overview. Portfolio strategy HSBC Fund Update April 2016 HSBC GIF Global Emerging Markets Bond Market overview The rally in Emerging Market (EM) assets continued in March given the improvement in global risk sentiment on the back

More information

Fund Menu. April For Non-Professional Investors

Fund Menu. April For Non-Professional Investors Fund Menu April 2018 For Non-Professional Investors Content Please pay particular attention to the risk of investment in China and other markets in the Asian region and in companies with medium or small

More information

For Class A RMB H Units: Class A RMB H Units: 1.97%^

For Class A RMB H Units: Class A RMB H Units: 1.97%^ PRODUCT KEY FACTS AB (HK) Emerging Markets Multi-Asset Portfolio a sub-fund of AB (HK) Unit Trust Series AllianceBernstein Hong Kong Limited April 2018 This statement provides you with key information

More information

Eastspring Investments Asian Low Volatility Equity Fund

Eastspring Investments Asian Low Volatility Equity Fund Factsheet Singapore August 2018 All data as at 31 July 2018 unless otherwise stated Eastspring Investments Asian Low Volatility Equity Fund FUND DETAILS Fund size (mil) 305.7 Fund base currency Fund dealing

More information

2019 Annual Outlook Volatility & Opportunities in the Late Stage Bull Market

2019 Annual Outlook Volatility & Opportunities in the Late Stage Bull Market 2019 Annual Outlook Volatility & Opportunities in the Late Stage Bull Market Asia Pacific Wealth Management December 2018 INVESTMENT PRODUCTS: NOT A BANK DEPOSIT. NOT GOVERNMENT INSURED. NO BANK GUARANTEE.

More information

China GDP grows 6.8% in Q4 2016

China GDP grows 6.8% in Q4 2016 Thomas Shik Acting Chief Economist thomasshik@hangseng.com The 2017 Outlook The mainland China economy expanded by an annual rate of 6.8% in the fourth quarter of 2016, up from 6.7% in the third quarter,

More information

JPMorgan Europe Strategic Dividend Fund

JPMorgan Europe Strategic Dividend Fund AVAILABLE FOR PUBLIC CIRCULATION NEW JPMorgan Europe Strategic Dividend Fund Asset Management Company of the Year, Asia + Important information 1. The Fund invests at least 70% in equity securities of

More information

PRODUCT KEY FACTS Schroder Balanced Investment Fund

PRODUCT KEY FACTS Schroder Balanced Investment Fund PRODUCT KEY FACTS Schroder Balanced Investment Fund Issuer: Schroder Investment Management (Hong Kong) Limited October 2018 This statement provides you with key information about this product. This statement

More information

Quarterly market summary

Quarterly market summary Quarterly market summary 4th Quarter 2016 Economic overview Economies around the world appear to be relatively resilient, with data signalling that in many countries, economic activities are expanding

More information

CSOP China 5-Year Treasury Bond ETF HKEx Listed. Direct access to China onshore RMB treasury bonds.

CSOP China 5-Year Treasury Bond ETF HKEx Listed. Direct access to China onshore RMB treasury bonds. IMPORTANT INFORMATION 1. (the Sub-Fund ) is a physical exchange traded fund which it will invest directly in the PRC treasury bonds that are issued by the Ministry of Finance of the PRC through the Manager

More information

Product Key Facts Franklin Templeton Asia Fund Series Franklin Select Global Multi-Asset Income Fund Last updated: April 2018

Product Key Facts Franklin Templeton Asia Fund Series Franklin Select Global Multi-Asset Income Fund Last updated: April 2018 Product Key Facts Franklin Templeton Asia Fund Series Franklin Select Global Multi-Asset Income Fund Last updated: April 2018 This statement provides you with key information about this product. This statement

More information

outlook : us and european HIGH YIELD bond IN 2011

outlook : us and european HIGH YIELD bond IN 2011 outlook : us and european HIGH YIELD bond IN 211 january 211 AT A GLANCE Expect mid-to-high single digit returns from high yield in 211 Company fundamentals are favourable and valuations are around fair

More information

SIP Aggressive Portfolio

SIP Aggressive Portfolio SIP LIFESTYLE PORTFOLIOS FACT SHEET (NOV 2015) SIP Aggressive Portfolio SIP Aggressive Portfolio is a unitized fund, which is designed to provide long term capital growth. It is designed for those who

More information

PRODUCT KEY FACTS ChinaAMC Select Fund - ChinaAMC Select RMB Bond Fund (the Sub-Fund ) April 2017

PRODUCT KEY FACTS ChinaAMC Select Fund - ChinaAMC Select RMB Bond Fund (the Sub-Fund ) April 2017 PRODUCT KEY FACTS ChinaAMC Select Fund - ChinaAMC Select RMB Bond Fund (the Sub-Fund ) April 2017 This statement provides you with key information about this product. This statement is a part of the offering

More information

PRODUCT KEY FACTS Value Partners Greater China High Yield Income Fund

PRODUCT KEY FACTS Value Partners Greater China High Yield Income Fund PRODUCT KEY FACTS Value Partners Greater China High Yield Income Fund Issuer: Value Partners Hong Kong Limited 15 November 2013 This statement provides you with key information about the Value Partners

More information

power Asian Equity Yield Fund Schroder The of investing for dividends

power Asian Equity Yield Fund Schroder The of investing for dividends Schroder Asian Equity Yield Fund The power of investing for dividends Morningstar rating as of 31 Jan 2015. Morningstar 2015. All Rights Reserved. The information contained herein: (1) is proprietary to

More information

PRODUCT KEY FACTS CIFM Funds CIFM (HK) RMB Diversified Income Fund

PRODUCT KEY FACTS CIFM Funds CIFM (HK) RMB Diversified Income Fund PRODUCT KEY FACTS CIFM Funds CIFM (HK) RMB Diversified Income Fund Issuer: CIFM Asset Management (Hong Kong) Limited November 2013 Quick facts This statement provides you with key information about this

More information

B-GUIDE: Market Outlook

B-GUIDE: Market Outlook Quarterly Market Outlook: Quarter 1 2018 on 5 th January 2018 Investment Outlook for 1 st Quarter 2018 Accelerating Global Economy Supports the Rising Earnings Equity Thailand US Europe Japan Asia Bond

More information

> Macro Investment Outlook

> Macro Investment Outlook > Macro Investment Outlook Dr Shane Oliver Head of Investment Strategy and Chief Economist October 214 The challenge for investors how to find better yield and returns as bank deposit rates stay low 9

More information

Bank of Communications Trustee Limited. Class I: 3.92%

Bank of Communications Trustee Limited. Class I: 3.92% PRODUCT KEY FACTS BOCOM International Fund - BOCOM International China Dynamic Fund BOCOM INTERNATIONAL ASSET MANAGEMENT LIMITED April 2017 This statement provides you with key information about BOCOM

More information

Eastspring Investments Product Key Facts. October 2017

Eastspring Investments Product Key Facts. October 2017 Eastspring Investments Product Key Facts October 2017 PRODUCT KEY FACTS Table of Contents Contents Page 1. Eastspring Investments Asian Bond Fund 1 2. Eastspring Investments Asian Equity Fund 8 3. Eastspring

More information

Product Key Facts PineBridge Global Funds PineBridge Asia Dynamic Asset Allocation Fund

Product Key Facts PineBridge Global Funds PineBridge Asia Dynamic Asset Allocation Fund Product Key Facts PineBridge Global Funds PineBridge Asia Dynamic Asset Allocation Fund Issuer: PineBridge Investments Ireland Limited September 2018 This statement provides you with key information about

More information

HSBC Global Investment Funds - Managed Solutions - Asia Focused Income Share Class AM2

HSBC Global Investment Funds - Managed Solutions - Asia Focused Income Share Class AM2 HSBC Global Investment Funds - Managed Solutions - Asia Focused Income Share Class AM2 31 Aug 2018 AM2 31/08/2018 Fund Objective and Strategy Investment Objective The Fund invests for both income and some

More information