CSOP Shen Zhou RMB Fund

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "CSOP Shen Zhou RMB Fund"

Transcription

1 Important information CSOP Shen Zhou RMB Fund (the Fund ) invests primarily in RMB denominated and settled debt instruments within mainland China through the RQFII quota of the Manager. There may not be a liquid and active market in the PRC debt securities and the Fund may be subject to liquidity risk. RMB is currently not freely convertible and is subject to exchange controls. There is no guarantee that RMB will not depreciate. The RQFII policy and rules are in the early stages of its operations. Any changes to the relevant rules may adversely impact the Fund. Investment in the China market is subject to concentration risk and risks associated with changes in the PRC laws and regulations (such as PRC tax laws and repatriation policy). The Fund is exposed to the credit/insolvency risk of issuers. Credit ratings of debt securities of the Fund are largely assigned by the Chinese local rating agencies whose rating criteria may be different from those adopted by other established international credit rating agencies. Downgrading of credit rating of the debt securities and an issuer may adversely affect the value of the Fund. Any increase in interest rates or changes in the Chinese government s macro-economic policies may adversely impact the value of the Fund s fixed income portfolio. Investors should not invest in the Fund solely based on this material and should read the Explanatory Memorandum and the Key Facts Statement of the Fund for further details. Investment involves risk. Please refer to the Explanatory Memorandum and the Key Facts Statement for details of the risks of investing in the Fund. Future performance and the capital value of the Fund are not guaranteed. Past performance figures are not an indicative for future performance. The value of units may rise as well as fall. Investors are reminded that in certain circumstances their right to redeem may be suspended. We recommend investors obtain and read a copy of the Explanatory Memorandum and the Key Facts Statement before investing. This material has not been reviewed by the Securities and Futures Commission in Hong Kong. Notes for Taiwan investors: The Fund has not been reviewed or approved by the Financial Supervisory Commission in Taiwan. The Fund is only available to Offshore Banking Unit ( OBU ) clients. OBU clients may not be protected by various laws or regulations aimed to protect onshore investors. OBU clients are encouraged to seek professional legal and financial advice before investing. Issuer: 南方東英資產管理有限公司 CSOP Shen Zhou RMB Fund Bringing you the best potential of China Market Semi-annually dividends payout# Managed by the Largest RQFII Asset Manager* # The frequency of dividend distribution may change at the discretion of the Manager * Source: the SAFE, as of 3 April 1, in terms of AUM

2 Investment Objective The Fund seeks long term and stable capital growth through investing in bonds issued within mainland China via RQFII quota of CSOP. Investment Strategy The Fund will evaluate existing systematic risk of the bond market, as well as expected risk & return of various investment assets, to construct and adjust the investment portfolio The Fund will construct the portfolio duration based on expected RMB interest rate movements The Fund will make adjustments of investment allocation based on analysis and seek to invest in undervalued bonds The Fund will invest primarily in RMB denominated and settled debt securities issued or distributed within mainland China by governments, quasi-government organizations, financial institutions and other corporations, focusing on AA or above credit-rated bonds What is RQFII? RQFII (RMB Qualified Foreign Institutional Investor) is a policy initiative of the China Mainland authorities which allows qualified RQFII holders to channel RMB funds raised in Hong Kong to mainland securities markets. RQFII funds can invest RMB directly into mainland equity and bond markets (including the inter-bank bond and exchange-traded bond markets) through the RQFII quotas, granting retail investors access to mainland securities markets. ( CSOP ) currently holds the largest RQFII quota as of 3 April 1. (Source: the SAFE ) Why CSOP Shen Zhou RMB Fund? 1. High dividend payout ratio* Since inception as of 3 April 1, the Fund paid out dividends for 7 times and the total distribution accounted for 6.6% of inception NAV. Pure bond fund Pure bond fund delivers relatively stable performance and low volatility compared with other RQFII bond funds most of which invest in both fixed income and equities 3. High credit-rated bonds Focusing only on AA or above credit-rated bonds to ensure high quality and low volatility of the portfolio. Denominated in RMB * Source: Bloomberg, as of 3 April 1 Why China onshore bond market? 1. Onshore government and high-grade bonds are more attractive in yield given the low interest rate policy in developed markets 5 Benchmark Yield Curve in Major Economies*. Onshore markets offer higher potential return than offshore 6 Onshore vs. Offshore Bond Yield* 5 Yield (%) 3 Yield (%) Y Y 3Y Y 5Y 7Y 1Y 1Y Y 3Y Y 5Y 7Y 1Y 15Y China China (offshore) USA Germany Japan Onshore China Government Bond Offshore China Government Bond * Source: Bloomberg, as of 3 April 1

3 Fund Performance 1 8 CSOP Shen Zhou RMB Fund (Class I) ChinaBond Composite Total Return Index 6 /1 5/1 8/1 11/1 /13 5/13 8/13 11/13 /1 April 3 Months 6 Months 1 Year YTD 13 1 Since Inception* Class A # 1.1%.3% 1.91% 1.7% 3.5%.5%.3% 7.99% Class I # 1.19%.39%.19%.8% 3.% 1.5%.73% 9.3% Index** 1. %.9%.9%.9% 3.9% -.7% 3.1% 6.19% Source: CSOP, as of 3 April 1 # NAV to NAV performance with dividends reinvested * Fund s cumulative performance is calculated since the inception date on February 1 (Class A and Class I) ** The Fund uses ChinaBond Composite Total Return Index for performance comparison only, not for benchmark Investment Portfolio Portfolio Characteristics Credit Rating Portfolio Allocation Average Duration (yrs).98 % 3% % % 3% Average Credit Rating AA+ 5% Average YTM 5.9% Percentage Invested 97.1% 38% 33% 7% AA+ AAA AA Money Market Funds Cash & Others Inter-bank Bonds Money Market Funds Exchange Bonds Cash & Others Source: CSOP, as of 3 April 1

4 Fund Manager Yanming Guo, Deputy CEO Head of Fixed Income - Leads the CSOP s fixed income investment team since 9; Fund manager of the Fund since inception Specialized in China fixed income products especially investment and research of credit products, successfully setting up internal credit research and rating platform of China Southern Asset Management Co.,Ltd. ( CSAM ) More than 1 years of financial industry experience (of which 5 years Wall Street experience) Chartered Financial Analyst (CFA), Masters of Business Administration from Columbia Business School Key Facts Inception Date February 1 Base Currency RMB Launch Price RMB 1. (Class A) RMB 1. (Class I) Dealing Frequency Investment Manager Custodian RQFII Custodian Trustee & Registrar Daily Bank of China (Hong Kong) Limited Bank of China Limited BOCI-Prudential Trustee Limited Share Class All types of investors (Class A) Institutional Investors (Class I) RMB, RMB 1,, Minimum Subscription Amount USD, USD, HKD, HKD 1,, RMB 1, RMB 5, Minimum Additional Subscription Amount USD, USD 1, HKD 1, HKD 5, Management Fee 1.5% p.a. 1.% p.a. Subscription Fee Up to 3% All types of investors (Class A) Institutional Investors (Class I) ISIN HK99173 (RMB) HK186 (USD) HK18638 (HKD) HK99181 (RMB) HK1866 (USD) HK18653 (HKD) Bloomberg Code CSOPSZA HK (Class A, RMB) CSOPSZI HK (Class I, RMB)

5 CSOP: Leading the World s China Investment ( CSOP ) was founded in 8; it is the first offshore asset manager set up by a regulated asset management company in China. Leading the World s China Investment, the slogan that CSOP associates itself with, highlights the commitment CSOP has made towards bringing the theme of China Investments to the competitive international market. Leveraging on its local expertise, CSOP looks to build trusted partnership with international investors who are seeking to invest into China; building upon its overseas presence, CSOP can also offer unique international investment opportunities to domestic Chinese institutional and individual investors. CSOP is licensed by the Hong Kong Securities and Futures Commission ( SFC ) to carry on Type 1 (Dealing in Securities), Type (Advising on Securities) and Type 9 (Asset Management) regulated activities under Part V of the Securities and Futures Ordinance. CSOP manages public and private funds, provides investment advisory services and manages discretionary accounts for institutional investors, with total assets under management and advisory of USD 6.57 billion as of 3 April 1 (Source: CSOP). In terms of AUM, CSOP is the largest RMB Qualified Foreign Institutional Investor ( RQFII ) asset management company (Source: SAFE, as of 3 April 1). Under RQFII scheme, CSOP launched its first Hong Kong mutual fund - CSOP Shen Zhou RMB Fund and a series of ETFs- CSOP FTSE China A5 ETF, CSOP CES A8 ETF and CSOP China 5-Year Treasury Bond ETF. In 1, CSOP was named as the China Offshore Fund House of the Year by Asian Investor and Best China Manager in Hong Kong by Asia Asset Management. China Offshore Fund House of the Year ETF Manager of the Year Hong Kong, Best China Manager Hong Kong, Best RQFII Manager Hong Kong, Best RQFII Product Hong Kong, Best RQFII ETF Ms. Ding Chen, CEO of CEO of the Year Disclaimer Investment involves risk. Please refer to the Prospectus and the Product Key Facts Statement for details of the risks of investing in the Fund. Future performance and the capital value of the Fund are not guaranteed. Past performance figures are not an indicative for future performance. The value of units may rise as well as fall. Investors are reminded that in certain circumstances their right to redeem may be suspended. We recommend investors obtain and read a copy of the Explanatory Memorandum and the Key Facts Statement before investing. This material has not been reviewed by SFC in Hong Kong. The Fund is authorized by the Hong Kong Securities and Futures Commission ( SFC ). SFC authorization is not a recommendation or endorsement of the Fund. Issuer:, 9 May 1 Address: Two Exchange Square, 8 Connaught Place, Central, Hong Kong Telephone: (85) Website:

Industrial and Commercial Bank of China Limited Dealing frequency: Daily on each business day *

Industrial and Commercial Bank of China Limited Dealing frequency: Daily on each business day * APRIL 2016 This statement provides you with key information about Income Partners RMB Bond Fund (the Sub-Fund ). This statement is a part of the offering document and must be read in conjunction with the

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 29 April 2016 This statement provides you with key information about

More information

HFT (HK) CHINA INVESTMENT SERIES II HFT (HK) CHINA HIGH YIELD BOND FUND (the Sub-Fund )

HFT (HK) CHINA INVESTMENT SERIES II HFT (HK) CHINA HIGH YIELD BOND FUND (the Sub-Fund ) PRODUCT KEY FACTS HFT (HK) CHINA INVESTMENT SERIES II HFT (HK) CHINA HIGH YIELD BOND FUND (the Sub-Fund ) Issuer: HFT Investment Management (HK) Limited April 2015 This statement provides you with key

More information

DCI Investment Trust. Da Cheng China RMB Fixed Income Fund. Addendum to the Explanatory Memorandum dated January 2012 ( Explanatory Memorandum )

DCI Investment Trust. Da Cheng China RMB Fixed Income Fund. Addendum to the Explanatory Memorandum dated January 2012 ( Explanatory Memorandum ) DCI Investment Trust Da Cheng China RMB Fixed Income Fund Addendum to the Explanatory Memorandum dated January 2012 ( Explanatory Memorandum ) IMPORTANT NOTE: This Addendum is supplemental to and forms

More information

Buyers Guide to RMB Bonds. Main author: Bryan Collins

Buyers Guide to RMB Bonds. Main author: Bryan Collins Buyers Guide to RMB Bonds Main author: Bryan Collins RMB bond investors need to do their homework first The RMB bond market is a relatively new and exciting investment opportunity, with RMB bond having

More information

CSOP WTI Oil Annual Roll December Futures ER ETF. www.csopasset.com^

CSOP WTI Oil Annual Roll December Futures ER ETF. www.csopasset.com^ IMPORTANT: Investments involve risks. Investment value may rise or fall. Past performance information presented is not indicative of future performance. Investors should refer to the Prospectus and the

More information

Treasury Bonds directly makes the Sub-Fund riskier than traditional exchange traded funds investing in A-Shares or in markets other than the PRC.

Treasury Bonds directly makes the Sub-Fund riskier than traditional exchange traded funds investing in A-Shares or in markets other than the PRC. IMMEDIATE RELEASE IMPORTANT NOTES 1. E Fund Citi Chinese Government Bond 5-10 Years Index ETF (the Sub-Fund ) is a passively managed exchange traded fund ( ETF ) and is traded on the Stock Exchange of

More information

Product Key Facts CSOP China 5-Year Treasury Bond ETF

Product Key Facts CSOP China 5-Year Treasury Bond ETF Product Key Facts CSOP China 5-Year Treasury Bond ETF CSOP Asset Management Limited 1 February 2016 This is an exchange traded fund. This statement provides you with key information about this product.

More information

JPMorgan Global Bond Fund. Global investing - A less volatile choice NEW. SFC-authorised global bond fund with RMB-hedged share classes*!

JPMorgan Global Bond Fund. Global investing - A less volatile choice NEW. SFC-authorised global bond fund with RMB-hedged share classes*! AVAILABLE FOR PUBLIC CIRCULATION NEW JPMorgan Global Bond Fund December 2015 Asset Management Company of the Year 2014 Fundamental Strategies, Asia + Important information 1. The Fund invests primarily

More information

83118 - RMB counter 03118 - HKD counter. 100 Units- RMB counter 100 Units HKD counter 3.10% MSCI China A Index. Renminbi (RMB) 31 December

83118 - RMB counter 03118 - HKD counter. 100 Units- RMB counter 100 Units HKD counter 3.10% MSCI China A Index. Renminbi (RMB) 31 December Issuer: Harvest Global Investments Limited PRODUCT KEY FACTS Harvest MSCI China A Index ETF A sub-fund established under the Harvest Funds (Hong Kong) ETF This is an exchange traded fund. This statement

More information

PRODUCT KEY FACTS Invesco Global Income Real Estate Securities Fund A sub-fund of Invesco Funds, SICAV

PRODUCT KEY FACTS Invesco Global Income Real Estate Securities Fund A sub-fund of Invesco Funds, SICAV Invesco Global Income Real Estate Securities Fund 31 October 2016 Morningstar Rating TM * AAAA Important Information 1. The Fund invests in equity, equity related and/or debt securities issued by companies

More information

PRODUCT KEY FACTS Invesco Continental European Equity Fund A sub-fund of Invesco Funds Series

PRODUCT KEY FACTS Invesco Continental European Equity Fund A sub-fund of Invesco Funds Series 30 November 2016 Morningstar Rating TM * AAA Important Information 1. The Fund invests in securities of Continental European companies. 2. Investors should note the risk of investing in Europe, risk of

More information

Guotai Junan Assets (Asia) Limited (the Manager ) HSBC Trustee (Cayman) Limited

Guotai Junan Assets (Asia) Limited (the Manager ) HSBC Trustee (Cayman) Limited PRODUCT KEY FACTS ASSET MANAGEMENT Guotai Junan Investment Funds Guotai Junan Equity Income Fund (the Sub-Fund ) January 2015 This statement provides you with key information about this product. This statement

More information

HSBC Asian High Yield Bond Fund

HSBC Asian High Yield Bond Fund Important information: HSBC Asian High Yield Bond Fund (the Fund ) invests primarily in a broad range of higher yielding Asian fixed income securities and instruments. Investments of the Fund may include

More information

PRODUCT KEY FACTS STATEMENT

PRODUCT KEY FACTS STATEMENT Issuer: Hang Seng Investment Management Limited This is an exchange traded fund. PRODUCT KEY FACTS STATEMENT Hang Seng H-Share Index ETF 30 December 2016 This statement provides you with key information

More information

Value Partners Launches First RQFII Fund Value Partners China A-Share Select Fund

Value Partners Launches First RQFII Fund Value Partners China A-Share Select Fund Value Partners Limited 9 th Floor, Nexxus Building 41 Connaught Road Central, Hong Kong Tel: (852) 2880 9263 Fax: (852) 2564 8487 Email: vpl@vp.com.hk Value Partners China A-Share Select Fund (the fund

More information

Product Key Facts. PineBridge Global Funds PineBridge Global Emerging Markets Bond Fund. 22 December 2014

Product Key Facts. PineBridge Global Funds PineBridge Global Emerging Markets Bond Fund. 22 December 2014 Issuer: PineBridge Investments Ireland Limited Product Key Facts PineBridge Global Funds PineBridge Global Emerging Markets Bond Fund 22 December 2014 This statement provides you with key information about

More information

Investing in Asia s Debt Markets

Investing in Asia s Debt Markets Investing in Asia s Debt Markets Alexandre Bouchardy, CFA Head of Fixed Income Asia April 2013 Content How to Capture the Asian Growth Story Hard or Local Currency Bonds? Risk and Return Opportunities

More information

Min. Investment Class A Units Initial: USD 1,000 Additional: USD 250

Min. Investment Class A Units Initial: USD 1,000 Additional: USD 250 Issuer: PineBridge Investments Ireland Limited Product Key Facts PineBridge Global Funds PineBridge Global Emerging Markets Bond Fund 22 February 2013 This statement provides you with key information about

More information

The FTSE China Onshore Bond Index Series

The FTSE China Onshore Bond Index Series Research The FTSE China Onshore Bond Index Series ftserussell.com May 2015 China is now the world s largest economy (when measured by purchasing power parity (PPP) 1 ) and the largest trading nation 2.

More information

PRODUCT KEY FACTS STATEMENT

PRODUCT KEY FACTS STATEMENT Issuer: Hang Seng Investment Management Limited This is an exchange traded fund. PRODUCT KEY FACTS STATEMENT Hang Seng Index ETF 30 December 2016 This statement provides you with key information about

More information

HSBC Global Investment Funds Global High Yield Bond

HSBC Global Investment Funds Global High Yield Bond Important information: For certain classes of the Fund, the Fund may pay dividends out of capital or pay dividends gross of expenses. Investors should note that the payment of dividends out of capital

More information

King & Wood Mallesons /

King & Wood Mallesons / KWM Connect QFII and RQFII a practical insight to recent developments by Richard Mazzochi, Minny Siu and Hayden Flinn King & Wood Mallesons / KWM Connect 1 In the opening session of the Asia Financial

More information

PRODUCT KEY FACTS Haitong CSI300 Index ETF a sub-fund of the Haitong ETF Series

PRODUCT KEY FACTS Haitong CSI300 Index ETF a sub-fund of the Haitong ETF Series PRODUCT KEY FACTS Hai Tong Asset Management (HK) Limited December 2015 This is an exchange traded fund. This statement provides you with key information about this product. This statement is a part of

More information

RMB Internationalization & Hong Kong. Graham Coker Trade Director, Transaction Services UK & Ireland

RMB Internationalization & Hong Kong. Graham Coker Trade Director, Transaction Services UK & Ireland RMB Internationalization & Hong Kong Graham Coker Trade Director, Transaction Services UK & Ireland RMB Internationalisation China s Market Reform Agenda RMB is called CNY onshore and CNH offshore. Hong

More information

PRODUCT KEY FACTS STATEMENT

PRODUCT KEY FACTS STATEMENT PRODUCT KEY FACTS STATEMENT Hang Seng China A Industry Top Index ETF 30 December 2016 Issuer: Hang Seng Investment Management Limited This is an exchange traded fund (an ETF ). This statement provides

More information

China Universal Asset Management (Hong Kong) Company Limited 匯 添 富 資 產 管 理 ( 香 港 ) 有 限 公 司

China Universal Asset Management (Hong Kong) Company Limited 匯 添 富 資 產 管 理 ( 香 港 ) 有 限 公 司 PRODUCT KEY FACTS C-Shares CSI 300 Index ETF a sub-fund of the China Universal International ETF Series China Universal Asset Management (Hong Kong) Company Limited 匯 添 富 資 產 管 理 ( 香 港 ) 有 限 公 司 29 April

More information

Legg Mason Western Asset Asian Opportunities Fund

Legg Mason Western Asset Asian Opportunities Fund PRODUCT KEY FACTS Legg Mason Global Funds Plc Legg Mason Western Asset Asian Opportunities Fund Issuer: Legg Mason Asset Management Hong Kong Limited January 2015 This statement provides you with key information

More information

Schroder International Opportunities Portfolio - Schroder Asian Income (the Fund )

Schroder International Opportunities Portfolio - Schroder Asian Income (the Fund ) This Product Highlights Sheet is an important document. It highlights the key terms and risks of this investment product and complements the Prospectus¹. It is important to read the Prospectus before deciding

More information

CNH Market--A Burgeoning Offshore RMB Market

CNH Market--A Burgeoning Offshore RMB Market CNH Market--A Burgeoning Offshore RMB Market Liu Chenggang from Bank of China September, 2011 Contents I. Evolution of CNH Market II. Introduction ti of CNH Market III. Future Development of CNH Market

More information

+626.1% NAVs & codes +265.6%

+626.1% NAVs & codes +265.6% HHHHH Morningstar Rating TM1 As at 31-12-2015 Value Partners High-Dividend Stocks Fund 31 December 2015 2 Pages NAV per unit: Class A1 USD - USD71.86 Class A2 MDis USD - USD10.56 Fund size: USD3,904.4

More information

Jupiter Merlin International Equities Portfolio

Jupiter Merlin International Equities Portfolio Jupiter Merlin Funds Jupiter Merlin International Equities Portfolio Jupiter Asset Management Limited Product Key Facts April 2016 Product Key Facts This statement provides you with key information about

More information

PRODUCT HIGHLIGHTS SHEET

PRODUCT HIGHLIGHTS SHEET This Product Highlights Sheet is an important document. Prepared on: 18 March 2016 It highlights the key terms and risks of this investment product and complements the Prospectus 1. It is important to

More information

DSL Investment-Linked Plan Series Principal Brochure Investment Choice Brochure June 2011

DSL Investment-Linked Plan Series Principal Brochure Investment Choice Brochure June 2011 June 2011 SFC authorization is not a recommendation or endorsement of DSL InvestSmart Plus Investment-Linked Plan / DSL InvestSmart Investment-Linked Plan (collectively known as DSL Investment-Linked Plan

More information

Templeton Global Bond Fund N(acc) USD

Templeton Global Bond Fund N(acc) USD Franklin Templeton Investment Funds Templeton Global Bond Fund Global Fixed Income 31.12.2015 Fund Fact Sheet HSBC - the No Subscription Fee Series For the source and calculation basis of Fund information,

More information

Investment Management Alert

Investment Management Alert Investment Management Alert May 29, 2015 The CSRC and the SFC Announces Launch of the Mainland-Hong Kong Mutual Recognition of Funds Scheme Introduction On May 22, 2015, the Hong Kong Securities and Futures

More information

PRODUCT KEY FACTS. BlackRock Global Funds US Dollar Core Bond Fund. August Quick facts

PRODUCT KEY FACTS. BlackRock Global Funds US Dollar Core Bond Fund. August Quick facts PRODUCT KEY FACTS BlackRock Global Funds US Dollar Core Bond Fund August 2016 BlackRock Asset Management North Asia Limited Quick facts Fund Manager: Investment Advisers: Depositary: Ongoing charges over

More information

UOB launches yuan products for investors to participate in China s growth

UOB launches yuan products for investors to participate in China s growth UOB launches yuan products for investors to participate in China s growth New Renminbi deposit and fund products benefit from an appreciating Renminbi and its increasing internationalisation SINGAPORE,

More information

Enriching knowledge series: Learn more about stock listing, bonds and funds investment

Enriching knowledge series: Learn more about stock listing, bonds and funds investment Enriching knowledge series: Learn more about stock listing, bonds and funds investment June 2012 External Relations Rundown Part 1: New stock listing methods Break Part 2: Credit ratings and ibonds Part

More information

HSBC Global Investment Funds Global Equity Volatility Focused

HSBC Global Investment Funds Global Equity Volatility Focused Important information: The Fund invests primarily in global equities. The Fund is subject to the risks of investing in emerging markets. For certain classes of the Fund, the Fund may pay dividends out

More information

PRODUCT KEY FACTS W.I.S.E. - CSI 300 China Tracker *

PRODUCT KEY FACTS W.I.S.E. - CSI 300 China Tracker * Issuer: BOCI-Prudential Asset Management Limited This is an exchange traded fund. This statement provides you with key information about this product. This statement is a part of the Prospectus. You should

More information

BLACKROCK GLOBAL FUNDS Product Highlights Sheets

BLACKROCK GLOBAL FUNDS Product Highlights Sheets BLACKROCK GLOBAL FUNDS Product Highlights Sheets July 2016 Contents Pages ASEAN Leaders Fund 3 Asia Pacific Equity Income Fund 7 Asian Dragon Fund 11 Asian Growth Leaders Fund 15 Asian Local Bond Fund

More information

ComStage 1. ComStage 1 DAX UCITS ETF. Issuer: Commerz Funds Solutions S.A. 29 June 2016

ComStage 1. ComStage 1 DAX UCITS ETF. Issuer: Commerz Funds Solutions S.A. 29 June 2016 PRODUCT KEY FACTS ComStage 1 ComStage 1 DAX UCITS ETF Issuer: Commerz Funds Solutions S.A. 29 June 2016 Quick facts This is an exchange traded fund. This statement provides you with key information about

More information

The Chinese currency market has evolved. So has CYB.

The Chinese currency market has evolved. So has CYB. WisdomTree ETFs CHINESE YUAN STRATEGY FUND CYB The Chinese currency market has evolved. So has CYB. The Chinese government s move in March 2014 to allow the yuan to vary within a 2.00% trading band 1 represented

More information

Invesco Funds Series 1-5 Consolidated Prospectus

Invesco Funds Series 1-5 Consolidated Prospectus Invesco Funds Series 1-5 Consolidated Prospectus 26 November 2010 Invesco Funds Series 1 Invesco Funds Series 2 Invesco Funds Series 3 Invesco Funds Series 4 Invesco Funds Series 5 Each an open-ended umbrella

More information

Wealth Management Education Series. Explore the Field of Investment Funds

Wealth Management Education Series. Explore the Field of Investment Funds Wealth Management Education Series Explore the Field of Investment Funds Wealth Management Education Series Explore the Field of Investment Funds Managing your wealth well is like tending a beautiful formal

More information

HANG SENG FTSE / XINHUA CHINA 25 INDEX ETF

HANG SENG FTSE / XINHUA CHINA 25 INDEX ETF HANG SENG FTSE / XINHUA CHINA 25 INDEX ETF (SEHK STOCK CODE:2838) www.hangseng.com/etf IMPORTANT RISK WARNINGS / FUND INFORMATION FOR HONG KONG INVESTORS Hang Seng FTSE/Xinhua China 25 Index ETF (the HS

More information

Latest developments in the international RMB market

Latest developments in the international RMB market Fourth Meeting of London Hong Kong RMB Forum 12 November 2014 The private-sector led London Hong Kong Forum to promote cooperation on the development of international renminbi (RMB) business (the Forum

More information

Franklin Templeton Fixed Income Group. Franklin Templeton Investment Funds Franklin U.S. Government Fund - A (acc) USD. Data as of 31 May 2016

Franklin Templeton Fixed Income Group. Franklin Templeton Investment Funds Franklin U.S. Government Fund - A (acc) USD. Data as of 31 May 2016 Franklin Templeton Fixed Income Group Data as of 31 May 2016 Franklin Templeton Investment Funds - A (acc) USD Source for data and information provided by Franklin Templeton Investments, as of the date

More information

PRODUCT HIGHLIGHTS SHEET

PRODUCT HIGHLIGHTS SHEET Prepared on 18 January 2016 This Product Highlights Sheet is an important document. It highlights the key terms and risks of this investment product and complements the Singapore Prospectus 1 ( Prospectus

More information

Wealth Management Education Series. Explore the Field of Mutual Funds

Wealth Management Education Series. Explore the Field of Mutual Funds Wealth Management Education Series Explore the Field of Mutual Funds Wealth Management Education Series Explore the Field of Mutual Funds Managing your wealth well is like tending a beautiful formal garden

More information

ANZ ETFS PHYSICAL RENMINBI ETF. (ASX Code: ZCNH)

ANZ ETFS PHYSICAL RENMINBI ETF. (ASX Code: ZCNH) ANZ ETFS PHYSICAL RENMINBI ETF (ASX Code: ZCNH) INVESTMENT BUILDING BLOCKS FOR A CHANGING WORLD Introducing a suite of innovative exchange traded funds (ETFs) designed for Australian investors by ANZ

More information

HSBC Collective Investment Trust HSBC China Multi-Asset Income Fund

HSBC Collective Investment Trust HSBC China Multi-Asset Income Fund HSBC Collective Investment Trust HSBC China Multi-Asset Income Fund Explanatory Memorandum December 2014 This Summary has been written and authorised for distribution in the Hong Kong Special Administrative

More information

PRODUCT KEY FACTS BOCIP HK Dollar Money Market Fund

PRODUCT KEY FACTS BOCIP HK Dollar Money Market Fund PRODUCT KEY FACTS BOCIP HK Dollar Money Market Fund a sub-fund of BOCIP Asset Management Investment Funds Issuer: BOCI-Prudential Asset Management Limited 29 April 2016 This statement provides you with

More information

TMLS Singapore Cash Fund (the Fund ) is an investment-linked policy sub-fund offered by Tokio Marine Life Insurance Singapore Ltd.

TMLS Singapore Cash Fund (the Fund ) is an investment-linked policy sub-fund offered by Tokio Marine Life Insurance Singapore Ltd. TMLS SINGAPORE CASH FUND SUMMARY (SUPPLEMENT TO PRODUCT SUMMARY) This supplement forms part of the product summary. You should read this together with the relevant Product Summary. Description of the Fund

More information

RMB Internationalization and RMB Offshore Markets Development

RMB Internationalization and RMB Offshore Markets Development RMB Internationalization and RMB Offshore Markets Development Dr. Qin Xiao Former Chairman, China Merchants Group and China Merchants Bank Council Member, Hong Kong Financial Services Development Council

More information

Dividend Stocks The Best Way to Buy China

Dividend Stocks The Best Way to Buy China Dividend Stocks The Best Way to Buy China The explosive economic growth China has experienced over the last two decades may be slowing, however, China still remains a very attractive long term growth market

More information

PARVEST. An open-ended investment company Incorporated under Luxembourg Law. Prospectus

PARVEST. An open-ended investment company Incorporated under Luxembourg Law. Prospectus PARVEST An open-ended investment company Incorporated under Luxembourg Law Prospectus MAY 2014 PARVEST SICAV under Luxembourg law UCITS class Registered Office: 33, rue de Gasperich, L-5826 Hesperange

More information

ABF PAN ASIA BOND INDEX FUND An ETF listed on the Stock Exchange of Hong Kong

ABF PAN ASIA BOND INDEX FUND An ETF listed on the Stock Exchange of Hong Kong Important Risk Disclosure for PAIF: ABF Pan Asia Bond Index Fund ( PAIF ) is an exchange traded bond fund which seeks to provide investment returns that corresponds closely to the total return of the Markit

More information

Statement of Investment Policies and Procedures

Statement of Investment Policies and Procedures Effective July 1, 2015 Canadian Cancer Society Statement of Investment Policies and Procedures Background The Society wishes to invest funds in a prudent manner, with appropriate consideration given to

More information

PRACTICE QUESTIONS MUTUAL FUNDS : A BEGINNERS MODULE

PRACTICE QUESTIONS MUTUAL FUNDS : A BEGINNERS MODULE PRACTICE QUESTIONS MUTUAL FUNDS : A BEGINNERS MODULE Q:1 For anybody to start a mutual fund, relevant experience in financial services is mandatory [ 2 Marks ] Q:2 Mutual Funds in India follow a 3-tier

More information

TMLS Singapore Bond Fund (the Fund ) is an investment-linked policy sub-fund offered by Tokio Marine Life Insurance Singapore Ltd.

TMLS Singapore Bond Fund (the Fund ) is an investment-linked policy sub-fund offered by Tokio Marine Life Insurance Singapore Ltd. TMLS SINGAPORE BOND FUND SUMMARY (SUPPLEMENT TO PRODUCT SUMMARY) This supplement forms part of the product summary. You should read this together with the relevant Product Summary. Description of the Fund

More information

Investment-Linked Funds Summary of Invest-Select Life Insurance Plan

Investment-Linked Funds Summary of Invest-Select Life Insurance Plan s Summary of Invest-Select Life Insurance Plan The plan is not available to new investors and no longer offered to the public in Hong Kong. Information shown is purely for existing policyholder only. Important

More information

INDUSTRIAL AND COMMERCIAL BANK OF CHINA ICBC: Your Global Portal to RMB Market. July 2012

INDUSTRIAL AND COMMERCIAL BANK OF CHINA ICBC: Your Global Portal to RMB Market. July 2012 ICBC: Your Global Portal to RMB Market July 2012 Content General Introduction Investment in RMB Services Solution 1 General Introduction to Renminbi (RMB) RMB Renminbi (commonly abbreviated as RMB) is

More information

A REGIONAL GATEWAY FOR RMB. Singapore

A REGIONAL GATEWAY FOR RMB. Singapore A REGIONAL GATEWAY FOR RMB Singapore GROWING INTERNATIONAL AND REGIONAL ROLE OF THE RMB Rising Potential for International use of RMB China accounts for more than 10% of global trade and investment flows

More information

Explore the Field of Mutual Funds

Explore the Field of Mutual Funds Wealth Management Education Series How can we help you further? Do you have a question on what you have just read? Would you like to have a further discussion on this subject? Contact your Relationship

More information

The Chinese University of Hong Kong

The Chinese University of Hong Kong Member Review for The Chinese University of Hong Kong 8 & 9 March 2007 0 Agenda Fidelity Your Reliable Retirement Partner Portfolio Review Performance Market Review & Outlook Member Services 1 Fidelity

More information

LAUNCH OF LEVERAGED AND INVERSE PRODUCTS (L&I PRODUCTS)

LAUNCH OF LEVERAGED AND INVERSE PRODUCTS (L&I PRODUCTS) 22 June 2016 MEDIA WORKSHOP LAUNCH OF LEVERAGED AND INVERSE PRODUCTS (L&I PRODUCTS) Brian Roberts Head of ETFs and Senior Vice President, Client and Marketing Services, Market Development Division LEVERAGED

More information

The MRF Age: Year One By: Matthew Hodges

The MRF Age: Year One By: Matthew Hodges The MRF Age: Year One By: Matthew Hodges L ast summer, after years of speculation, the China Securities Regulatory Commission (CSRC) and Hong Kong s Securities and Futures Commission (SFC) launched the

More information

BLACKROCK GLOBAL FUNDS

BLACKROCK GLOBAL FUNDS THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt about the action to be taken you should consult your stockbroker, bank manager, solicitor, accountant, relationship

More information

The Manager does not intend to pay or make any distributions or dividends Financial year end:

The Manager does not intend to pay or make any distributions or dividends Financial year end: Issuer: Mirae Asset Global Investments (Hong Kong) Limited PRODUCT KEY FACTS Mirae Asset Horizons Leveraged and Inverse Series Mirae Asset Horizons Topix Daily (-1x) Inverse Product December 2016 This

More information

Contents. ETF Reference Guide Page 2 The Stock Exchange of Mauritius

Contents. ETF Reference Guide Page 2 The Stock Exchange of Mauritius ETF Reference Guide Contents 1. Background 04 2. Introduction to Exchange Traded Funds 05 What are Exchange Traded Funds Why invest in Exchange Traded Funds as an alternative to other similar investments?

More information

PRODUCT KEY FACTS Samsung TOPIX Daily (2x) Leveraged Product

PRODUCT KEY FACTS Samsung TOPIX Daily (2x) Leveraged Product Issuer: Samsung Asset Management (Hong Kong) Limited 三 星 資 產 運 用 ( 香 港 ) 有 限 公 司 PRODUCT KEY FACTS Samsung TOPIX Daily (2x) Leveraged Product 24 June 2016 This is a leveraged product. It is different from

More information

BMO Global Asset Management (Asia) Limited 11 February 2016

BMO Global Asset Management (Asia) Limited 11 February 2016 Product Key Facts BMO NASDAQ 100 ETF BMO Global Asset Management (Asia) Limited 11 February 2016 Quick facts This is an exchange traded fund. This statement provides you with key information about this

More information

Mirae Asset Global Investments (Hong Kong) Limited. Annually at the Manager s discretion (May in each year) Financial year end of

Mirae Asset Global Investments (Hong Kong) Limited. Annually at the Manager s discretion (May in each year) Financial year end of PRODUCT KEY FACTS Horizons Exchange Traded Funds Series- 17 November 2015 This is an exchange traded fund. This statement provides you with key information about this product. This statement is a part

More information

An Overview of Offshore RMB Market. Nov 2013

An Overview of Offshore RMB Market. Nov 2013 An Overview of Offshore RMB Market Nov 2013 Contents 1. Outlook of RMB Internationalisation 2. Implications for Offshore RMB Bonds 2 Section 1 Outlook of RMB Internationalisation 3 RMB The next international

More information

LSEG Information Services Division. Investor and Analyst presentation. Mark Makepeace Group Director of Information Services, CEO of FTSE

LSEG Information Services Division. Investor and Analyst presentation. Mark Makepeace Group Director of Information Services, CEO of FTSE LSEG Information Services Division Investor and Analyst presentation Mark Makepeace Group Director of Information Services, CEO of FTSE 1 Table of Contents SECTION 1) Introduction by Xavier Rolet (CEO,

More information

China's Global Integration - Developments in China s Onshore RMB market

China's Global Integration - Developments in China s Onshore RMB market China's Global Integration - Developments in China s Onshore RMB market Thank you Martin for your kind words It is a pleasure to be here today.. I m grateful to be given the chance to share a platform

More information

The Manager does not intend to pay or make any distributions or dividends Financial year end:

The Manager does not intend to pay or make any distributions or dividends Financial year end: Issuer: Mirae Asset Global Investments (Hong Kong) Limited PRODUCT KEY FACTS Mirae Asset Horizons Leveraged and Inverse Series Mirae Asset Horizons Topix Daily (2x) Leveraged Product December 2016 This

More information

S-Network Composite Closed-End Fund Index

S-Network Composite Closed-End Fund Index S-Network Composite Closed-End Fund Index June 2015 2015 S-Network Global Indexes, 267 Fifth Avenue, New York, NY 10016. Index Overview A Diversified Portfolio of 147 Closed-End Funds Targets Yield Investment

More information

THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. IF IN DOUBT, PLEASE SEEK PROFESSIONAL ADVICE.

THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. IF IN DOUBT, PLEASE SEEK PROFESSIONAL ADVICE. Fidelity Funds Société d Investissement à Capital Variable 2a, Rue Albert Borschette B.P. 2174 L-1021 Luxembourg R.C.S. B34036 Tél: +352 250 404 (1) Fax: +352 26 38 39 38 THIS DOCUMENT IS IMPORTANT AND

More information

JULIUS BAER MULTIBOND Société d'investissement à capital variable 25, Grand-Rue, L 1661 Luxembourg R.C.S. Luxembourg B-32.

JULIUS BAER MULTIBOND Société d'investissement à capital variable 25, Grand-Rue, L 1661 Luxembourg R.C.S. Luxembourg B-32. JULIUS BAER MULTIBOND Société d'investissement à capital variable 25, Grand-Rue, L 1661 Luxembourg R.C.S. Luxembourg B-32.187 (the Company ) Notice to the shareholders of the Subfunds ABS FUND, ABSOLUTE

More information

Exchange Thoughts Brown Brothers Harriman s ETF Newsletter

Exchange Thoughts Brown Brothers Harriman s ETF Newsletter Brown Brothers Harriman s ETF Newsletter Chinese ETF Launches in US and Europe Signal New Opportunities Introduction... 3 Developments in the RQFII Space... 4 Routes to Market: Local Partner or Independent?...

More information

EXCHANGE TRADED FUNDS. Roberto Juanchito T. Dispo, President May 23, 2013

EXCHANGE TRADED FUNDS. Roberto Juanchito T. Dispo, President May 23, 2013 EXCHANGE TRADED FUNDS Roberto Juanchito T. Dispo, President May 23, 2013 1 AGENDA Introduction to ETFs o What are ETFs? o Comparison: ETFs vs Mutual Funds o Global Performance of the ETFs o Key Selling

More information

Ping An of China Select Investment Fund Series

Ping An of China Select Investment Fund Series Ping An of China Select Investment Fund Series Explanatory Memorandum 保 險 銀 行 投 資 Fund Manager PRODUCT KEY FACTS PING AN OF CHINA SELECT INVESTMENT FUND SERIES PING AN OF CHINA SIF RMB BOND FUND February

More information

Recognition of Funds (MRF) A new era for asset management in China and Hong Kong

Recognition of Funds (MRF) A new era for asset management in China and Hong Kong www.pwchk.com Mainland and Hong Kong Mutual Recognition of Funds (MRF) A new era for asset management in China and Hong Kong Getting ready to access the China and Hong Kong asset management markets Foreword

More information

CSOP Investment Funds p.l.c.

CSOP Investment Funds p.l.c. CSOP Investment Funds p.l.c. An open-ended umbrella investment company with variable capital and segregated liability between sub-funds incorporated with limited liability in Ireland under the Companies

More information

Strategy Insights. Moving toward an all-market approach to investing in China

Strategy Insights. Moving toward an all-market approach to investing in China Strategy Insights Moving toward an all-market approach to investing in China As China transitions from an economy that is driven by manufacturing to one led by its consumers, we are seeing the Chinese

More information

New Issuer: China Merchants Land Limited

New Issuer: China Merchants Land Limited New Issuer: China Merchants Land Limited China Merchants Land has picked Bank of American Merrill Lynch, DBS, Industrial and Commercial Bank of China as joint global co-ordinators, joint lead managers

More information

ETFs for private investors

ETFs for private investors ETFs for private investors Simple products. Sophisticated strategies. ETFs Exchange Traded Funds (ETFs) are instruments which track an index. Indices can be country or region specific and based on emerging

More information

BMO Global Asset Management (Asia) Limited 11 February 2016

BMO Global Asset Management (Asia) Limited 11 February 2016 Product Key Facts BMO MSCI JAPAN HEDGED TO USD ETF BMO Global Asset Management (Asia) Limited 11 February 2016 Quick facts This is an exchange traded fund. This statement provides you with key information

More information

SPDR FTSE Greater China ETF A Sub-Fund of the SPDR ETFs Stock Code: 3073 Website: www.spdrs.com.hk/etf/fund/fund_detail_3073_en.

SPDR FTSE Greater China ETF A Sub-Fund of the SPDR ETFs Stock Code: 3073 Website: www.spdrs.com.hk/etf/fund/fund_detail_3073_en. A Sub-Fund of the SPDR ETFs Stock Code: 3073 Website: www.spdrs.com.hk/etf/fund/fund_detail_3073_en.html Annual Report 1st October 2014 to A Sub-Fund of the SPDR ETFs Stock Code: 3073 Website: www.spdrs.com.hk/etf/fund/fund_detail_3073_en.html

More information

Are you protected against market risk?

Are you protected against market risk? Are you protected against market risk? The Aston Hill Capital Growth Fund provides low volatility access to U.S. equities with a strong focus on downside protection. Since taking over management of the

More information

Bosera ETFs. Bosera FTSE China A50 Index ETF

Bosera ETFs. Bosera FTSE China A50 Index ETF Important: If you are in any doubt about the contents of this Addendum, you should consult your stockbroker, bank manager, solicitor, accountant or other financial adviser. This Addendum forms an integral

More information

ishares Dow Jones Asia Pacific Select Dividend 30 (DE)

ishares Dow Jones Asia Pacific Select Dividend 30 (DE) Kurzinformation Simplified Prospectus ishares Dow Jones Asia Pacific Select Dividend 30 (DE) July 2010 The ishares Dow Jones Asia Pacific Select Dividend 30 (DE) Investment Fund was founded on 27 March

More information

in Hong Kong's Offshore RMB Market

in Hong Kong's Offshore RMB Market lakyara Development of Dim Sum Bonds in Hong Kong's Offshore RMB Market Jenny Yee Wong 12. November. 2012 Executive Summary Supported by the Chinese government, Hong Kong has been developing an offshore

More information

Speech Speech by SFST at Hong Kong Investment Funds Association 9th Annual Conference (English only) Friday, October 30, 2015

Speech Speech by SFST at Hong Kong Investment Funds Association 9th Annual Conference (English only) Friday, October 30, 2015 Speech Speech by SFST at Hong Kong Investment Funds Association 9th Annual Conference (English only) Friday, October 30, 2015 Following is the speech by the Secretary for Financial Services and the Treasury,

More information

Investment Education Series

Investment Education Series Investment Education Series Types of Investment Funds Introduction Investment fund basically refers to a pool of funds, but our focus in this edition of GTBAM education series is to highlight the features,

More information

BNP Paribas Official Institutions Programme of events 2015I 1. WELCOME to the BNP Paribas Official Institutions Training and Conference agenda

BNP Paribas Official Institutions Programme of events 2015I 1. WELCOME to the BNP Paribas Official Institutions Training and Conference agenda BNP Paribas Official Institutions Programme of events 2015I 1 WELCOME to the BNP Paribas Official Institutions Training and Conference agenda 2015 BNP Paribas Official Institutions Programme of events

More information

Will the Chinese market welcome foreign investors? Reasons for the Focus on Future Reforms

Will the Chinese market welcome foreign investors? Reasons for the Focus on Future Reforms Mizuho Bank, Ltd., Hong Kong Corporate Banking Division No.1 China ASEAN Research & Advisory Department September 2015 Will the Chinese market welcome foreign investors? Reasons for the Focus on Future

More information