Aberdeen Global - Select Euro High Yield Bond Fund A1 Inc EUR

安本環球 - 歐元高收益債券基金 A1類 Inc 歐元

LU0119174026

Risk Rating: Level 5

iFund risk rating methodology is a qualitative and quantitative assessment of a single fund’s geographic and asset class focus, investment style and any potential risk factors, as measured from one (1) (lowest risk) to six (6) (highest risk). For the funds with risk rating five (5) or six (6), these are mainly aimed at providing capital appreciation to investors by investing primarily in single market equities, single industry equities or derivatives etc. For more details, please refer to the Due Diligence section under the Procedures page.

Non-dealing Hours
EUR

5.9319

Latest Price: 2019-04-17

Dealing Information

0%

Subscription Fee
As low as 0 %

Secure Transaction

Derivatives knowledge not required

HKD10,000.00Min. Subscription

1.25%

HKD5,000.00Min. Subscription

AUD / HKD / JPY / EUR / GBP / USD

HKD10,000.00Min. Subscription

HKD10,000.00

  • The fund has been suspended for further subscription since 2015-01-06.
*Not include dividends (If applicable)

Fund Performaces

1 mth
+1.72
3 mth
+3.76
6 mth
+0.27
1 yr
-0.60
3 yr
+10.09
5 yr
+17.20

Analytical Figures (3 years)

Annualized Return
+3.26
Annualized Volatility
+3.56
Sharpe Ratio
+0.94

Fund Information

Fund Houses
Aberdeen Standard Investments
Launch Date
2000-11-12
Fund Manager
Aberdeen International Fund Managers Limited – Hong Kong (internal delegation)
Manager Start Date
Geographical Focus
Europe
Asset Class/ Sector
Fixed Income - High yield
Risk Rating
Risk Level 5

iFund risk rating methodology is a qualitative and quantitative assessment of a single fund’s geographic and asset class focus, investment style and any potential risk factors, as measured from one (1) (lowest risk) to six (6) (highest risk). For the funds with risk rating five (5) or six (6), these are mainly aimed at providing capital appreciation to investors by investing primarily in single market equities, single industry equities or derivatives etc. For more details, please refer to the Due Diligence section under the Procedures page.

Fund AUM(As of 2019-04-17)
EUR 867,448,300
Management Fee
1.25%
Latest Dividend
EUR 0.0184 (2019-03-31)

Sector Leaders

Dealing Information

0%

Subscription Fee
As low as 0 %

Secure Transaction

Derivatives knowledge not required

HKD10,000.00Min. Subscription

1.25%

HKD5,000.00Min. Subscription

AUD / HKD / JPY / EUR / GBP / USD

HKD10,000.00Min. Subscription

HKD10,000.00

  • The fund has been suspended for further subscription since 2015-01-06.

Dividend Records

Dividend DateDividend Records (EUR)
2019-03-310.0184
2019-02-280.0195
2019-01-310.0200
2019-01-010.0187
2018-12-020.0194
2018-10-310.0182
2018-09-300.0174
2018-09-020.0181
2015-11-300.0231
2015-10-310.0213
2015-09-300.0229
2015-08-310.0212
2015-07-310.0226
2015-06-300.0268
2015-05-310.0243
2015-04-300.0225
2015-03-310.0251
2015-02-280.0257
2015-01-310.0337
2014-12-310.0281
2014-11-300.0279
2014-10-310.0273
2014-09-300.0270
2014-08-310.0282
2014-07-310.0300
2014-06-300.0271
2014-06-010.0300
2014-05-010.0300
2014-03-310.0300
2014-03-020.0300
2014-02-020.0300
2014-01-010.0300
2013-12-010.0300
2013-11-030.0300
2013-09-300.0400
2013-09-010.0400
2013-07-310.0400
2013-06-300.0281
2013-06-020.0311
2013-05-010.0309
2013-04-010.0362
2013-02-280.0332
2013-01-310.0248
2013-01-010.0401
2012-12-020.0326
2012-11-010.0611
2012-09-300.0345
2012-09-020.0366
2012-07-310.0537
2012-07-010.0445
2012-05-310.0385
2012-05-010.0574
2012-04-010.0450
2012-02-290.0403
2012-01-310.0509
2012-01-010.0497
2011-11-300.0495
2011-11-010.0581
2011-10-020.0541
2011-08-310.0488
2011-07-310.0399
2011-06-300.0484
2011-05-310.0512
2011-05-010.0755
2011-03-310.0600
2011-02-280.0443
2011-01-310.0510
2011-01-020.0525
2010-11-300.0658
2010-11-010.0734
2010-09-300.0721
2010-08-310.0774
2010-08-010.0674
2010-06-300.0568
2010-05-310.0805
2010-05-020.0518
2010-03-310.1106
2010-02-280.0473
2010-01-310.0418
2009-11-300.0559
2009-11-010.0500
2009-09-300.0732
2009-08-310.0393
2009-07-300.0331
2009-06-300.0399
2009-06-010.0390
2009-03-310.0483
2009-03-010.0464
2009-02-010.0414
2009-01-010.0546
2008-11-300.0596
2008-11-020.0586
2008-09-300.0514
2008-08-310.0505
2008-07-310.0537
2008-06-300.0450
2008-06-010.0428
2008-05-010.0570
2008-03-310.0379
2008-03-020.0505
2008-01-310.0533
2008-01-010.0531
2007-12-020.0611
2007-11-010.0471
2007-09-300.0526
2007-09-020.0434
2007-07-310.0511
2007-07-010.0477
2007-05-310.0481
2007-05-010.0455
2007-04-010.0555
2007-02-280.0465
2007-01-310.0514
2006-12-280.0428
2006-11-290.0453
2006-10-300.0376
2006-09-280.0520
2006-08-300.0440
2006-07-300.0481
2006-06-290.0498
2006-05-290.0477
2006-04-270.0431
2006-03-300.0502
2006-02-270.0458
2006-01-300.0482
2005-12-290.0494
2005-11-270.0491
2005-10-300.0575
2005-09-290.0418
2005-08-300.0515
2005-07-310.0432
2005-06-290.0488
2005-05-290.0531
2005-04-280.0478
2005-03-300.0496
2005-02-270.0459
2005-01-300.0422
2004-12-300.0449
2004-11-300.0536
2004-11-010.0454
2004-09-300.0424
2004-08-290.0450
2004-08-010.0482
2004-06-290.0511
2004-05-310.0438
2004-04-290.0437
2004-03-310.0484
2004-02-290.0497
2004-02-010.0453
2003-12-300.0416
2003-11-270.0495
2003-10-300.0452
2003-09-290.0462
2003-08-280.0603
2003-07-300.0410
2003-06-290.0452
2003-05-290.0467
2003-04-290.0440
2003-03-300.0534
2003-02-270.0408
2003-01-300.0379
2002-12-300.0493
2002-11-280.0455
2002-10-300.0446
2002-09-290.0421
2002-08-290.0431
2002-07-300.0533
2002-06-270.0290
2002-05-300.0515
2002-04-290.0412
2002-03-270.0556
2002-02-270.0644
2002-01-300.0235
2001-12-300.0621
2001-11-290.0710

Investment Objective

To achieve long-term total return by investing at least two-thirds of the Fund’s assets in fixed interest securities which are Sub-Investment Grade and denominated in Euro and issued by corporations or government related bodies.

Nature and Extent of Risks

Investment involves risks. Please refer to the Summary Prospectus of Aberdeen Global for details including the risk factors.
1. Risk of investing in debt and debt-related securities
The Fund’s investments in debt and debt-related securities are subject to interest rate risk and credit risk.
Interest rate fluctuations will affect the capital value of investments. Where long term interest rates rise, the capital value of shares is likely to fall and vice versa. Interest rate risk is the chance that such movements in interest rates will negatively affect the value of a security or, in a Fund’s case, its net asset value. Securities with greater interest rate sensitivity and longer maturities tend to produce higher yields, but are subject to greater fluctuations in value.
Credit risk reflects the ability of the borrower (bond issuer) to meet its obligations (pay the interest on a bond and return the capital on redemption date). Changes in the financial condition of an issuer, changes in economic and political conditions in general, or changes in economic and political conditions specific to an issuer, are all factors
that may have an adverse impact on an issuer’s credit quality and security values.
2. Sovereign debt risk
Investment in debt obligations issued or guaranteed by governments of certain developed and developing countries or their agencies and instrumentalities (“governmental entities”) involves a higher degree of risk. The governmental entity that controls the repayment of sovereign debt may not be able or willing to repay the principal and/or interest when due in accordance with the terms of such debt.
A governmental entity’s willingness or ability to repay principal and interest due in a timely manner may be affected by, among other factors, its cash flow situation, the extent of its foreign reserves, the availability of sufficient foreign exchange on the date a payment is due, the relative size of the debt service burden to the economy as a whole, the governmental entity’s policy towards the International Monetary Fund and the political constraints to which a governmental entity may be subject.
Governmental entities may default on their sovereign debt. Holders of sovereign debt, including the Fund, may be requested to participate in the rescheduling of such debt and to extend further loans to governmental entities.
3. Risks related to the European sovereign debt crisis
The Fund may have investment exposure to Europe and in light of the fiscal conditions and concerns on sovereign debt of certain European countries, the Fund may be subject to a number of risks arising from a potential crisis in Europe which could unfold in a number of ways, including but not limited to, one or several countries exiting the Eurozone or default of a sovereign within the Eurozone, leading to the break-up of the Eurozone. Such crisis may have negative impact on the Fund (such as default or downgrading of the security issued by a sovereign issuer and an increased amount of volatility, liquidity, price and currency risk associated with investments in Europe to which the Fund has exposure).
The performance of the Fund could deteriorate should there be any adverse credit events in the European region (e.g. downgrade of the sovereign credit rating of a European country or a default or bankruptcy of a European country and/or a sovereign issuer).
4. Risk of investing in sub-investment grade / high-yielding bonds
The Fund invests in fixed interest securities, including sub-investment grade securities. Consequently, the Fund’s portfolio may have a significant position in sub-investment grade bonds and/or high-yielding bonds, which means that there is more risk to investor’s capital and income than from a fund investing in investment grade bonds.
The Fund may invest in sub-investment grade fixed interest securities which is subject to a higher credit risk and a greater possibility of default than investment grade bonds. If the issuer defaults, or sub-investment grade bonds or their underlying assets cannot be realised, or performed badly, investor may suffer substantial losses.
In addition, the market for bonds which are rated below investment grade, have a lower credit rating or are unrated generally has lower liquidity and less active than that for higher rated bonds and the Fund’s ability to liquidate its holdings in response to changes in the economy or the financial markets may be further limited by such factors as adverse publicity and investor perceptions.
Investment in sub-investment grade bonds involves greater price volatility and risk of loss of principal and income than investment in bonds of a higher investment grade quality.
Investment in high yield bonds involves substantial risk. Issuers of high yield debt securities may be highly leveraged and may not have available to them more traditional methods of financing. The issuer’s ability to service its debt obligations may be adversely affected by specific issuer developments, or the issuer’s inability to meet specific projected business forecasts, or the unavailability of additional financing. In the event of bankruptcy of an issuer, the Fund may experience losses and incur costs.
5. Concentration risk
The Fund has a significant exposure to one currency (i.e. Euro) and is likely to be more volatile than a more widely invested fund.
Lack of liquidity may adversely affect the value or ease of disposal of assets.
6. Risk of using derivatives
Derivatives may be used for hedging or efficient portfolio management.
In adverse situation, the Fund’s use of financial derivative instruments may become ineffective and the Fund may suffer significant losses.
7. Counterparty Risk
The Fund may enter into contracts that entail a credit exposure to certain counterparties such as bond issuers and counterparties of derivatives. To the extent that a counterparty defaults on its obligation and the Fund is delayed or prevented from exercising its rights with respect to the investments in its portfolio, it may experience a decline in the value of its position, a loss of income and possible additional costs associated with asserting its rights.
8. Risks relating to payments of dividends out of capital
The Board of Directors of Aberdeen Global may at its discretion pay dividends out of the capital of the Fund or pay dividends out of gross income while charging/ paying all or part of the Fund’s fees and expenses to/ out of the capital of the Fund, resulting in an increase in distributable income for the payment of dividends by the Fund and therefore, the Fund may effectively pay dividends out of capital.
Payment of dividends out of capital amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment. Any distributions involving payment of dividends out of the Fund’s capital or payment of dividends effectively out of the Fund’s capital (as the case may be) may result in an immediate reduction of the net asset value per share.
If Aberdeen Global intends to change the dividend policy, Aberdeen Global will seek the SFC’s prior approval and provide shareholders with prior written notification of not less than one month (or such other period as the SFC may require).
9. General risk
The value of shares and the income from them can go down as well as up and you may not get back the amount invested.