Aberdeen Global - Select Euro High Yield Bond Fund D1 Inc GBP

安本環球 - 歐元高收益債券基金 D1類 Inc 英鎊

LU0231456855

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.

On Holiday
GBP

5.2472

Latest Price: 2019-04-16

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
+3.29
3 mth
+1.78
6 mth
-1.38
1 yr
-0.24
3 yr
+19.90
5 yr
+23.21

Analytical Figures (3 years)

Annualized Return
+6.24
Annualized Volatility
+8.23
Sharpe Ratio
+0.68

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 2019-04-16)
EUR 869,191,100
Management Fee
1.25%
Latest Dividend
GBP 0.0162 (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 (GBP)
2019-03-310.0162
2019-02-280.0171
2019-01-310.0178
2019-01-010.0172
2018-12-020.0176
2018-10-310.0165
2018-09-300.0158
2018-09-020.0166
2015-11-300.0165
2015-10-310.0156
2015-09-300.0172
2015-08-310.0158
2015-07-310.0163
2015-06-300.0193
2015-05-310.0178
2015-04-300.0168
2015-03-310.0185
2015-02-280.0190
2015-01-310.0259
2014-12-310.0223
2014-11-300.0227
2014-10-310.0218
2014-09-300.0215
2014-08-310.0228
2014-06-300.0200
2014-05-010.0200
2014-03-310.0300
2014-02-020.0300
2014-01-010.0200
2013-12-010.0200
2013-09-300.0300
2013-09-010.0600
2013-07-310.0342
2013-06-300.0246
2013-06-020.0272
2013-05-010.0267
2013-04-010.0312
2013-02-280.0293
2013-01-310.0217
2013-01-010.0332
2012-12-020.0270
2012-11-010.0504
2012-09-300.0280
2012-09-020.0296
2012-07-310.0429
2012-07-010.0366
2012-05-310.0315
2012-05-010.0477
2012-04-010.0382
2012-02-290.0347
2012-01-310.0434
2012-01-010.0425
2011-11-300.0430
2011-11-010.0521
2011-10-020.0478
2011-08-310.0441
2011-07-310.0356
2011-06-300.0448
2011-05-310.0455
2011-05-010.0690
2011-03-310.0541
2011-02-280.0386
2011-01-310.0448
2011-01-020.0463
2010-11-300.0565
2010-11-010.0651
2010-09-300.0633
2010-08-310.0657
2010-08-010.0571
2010-06-300.0486
2010-05-310.0701
2010-05-020.0469
2010-03-310.1002
2010-02-280.0432
2010-01-310.0370
2009-11-300.0641
2009-11-010.0452
2009-09-300.0674
2009-08-310.0349
2009-07-300.0285
2009-06-300.0342
2009-06-010.0350
2009-03-310.0457
2009-03-010.0368
2009-02-010.0373
2009-01-010.0531
2008-11-300.0506
2008-11-020.0465
2008-09-300.0431
2008-08-310.0393
2008-07-310.0369
2008-06-300.0298
2008-06-010.0409
2008-05-010.0453
2008-03-310.0280
2008-03-020.0389
2008-01-310.0471
2008-01-010.0402
2007-12-020.0436
2007-11-010.0314
2007-09-300.0538
2007-09-020.0294
2007-07-310.0344
2007-07-010.0321
2007-05-310.0327
2007-05-010.0311
2007-04-010.0377
2007-02-280.0313
2007-01-310.0340
2006-12-280.0288
2006-11-290.0305
2006-10-300.0251

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.