BEA Union Investment Asia Pacific Multi Income Fund A Dis HKD

東亞聯豐亞太區多元收益基金 A類 Dis 港元

HK0000107265

Risk Rating: Level 3

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 three (3) or four (4), these are mainly aimed at providing income and capital appreciation to investors by investing primarily in balanced portfolio, including high yield bonds and global equities etc. For more details, please refer to the Due Diligence section under the Procedures page.

Non-dealing HoursiMonth Plan

Dealing Information

Secure Transaction

Derivatives knowledge not required

HKD4,000.00Min. Subscription

1.40%

HKD4,000.00Min. Subscription

HKD

HKD4,000.00Min. Subscription

HKD4,000.00

HKD4,000.00

Daily

14:00

2021-05-18

*Not include dividends (If applicable)

Fund Performances (including dividend, if any)

1 mth
+1.40%
3 mth
+0.54%
6 mth
+5.93%
1 yr
+19.97%
3 yr
+9.64%
5 yr
+26.14%

Analytical Figures (3 years)

Annualized Return
+3.12%
Annualized Volatility
+11.63%
Sharpe Ratio
+0.24

Fund Information

Fund Houses
BEA UNION INVESTMENT MANAGEMENT LIMITED
Launch Date
2012-05-10
Fund Manager
Team Managed
Manager Start Date
Team Managed (Start Date: 2012-05-11)
Geographical Focus
Asia Pacific
Asset Class/ Sector
Balanced - Bond biased
Risk Rating
Risk Level 3

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 three (3) or four (4), these are mainly aimed at providing income and capital appreciation to investors by investing primarily in balanced portfolio, including high yield bonds and global equities etc. For more details, please refer to the Due Diligence section under the Procedures page.

Fund AUM(As of 2021-05-10)
USD 249,010,000
Management Fee
1.40%
Latest Dividend
HKD 0.450000 (2021-04-14)

Sector Leaders

    No Funds

Dealing Information

Secure Transaction

Derivatives knowledge not required

HKD4,000.00Min. Subscription

1.40%

HKD4,000.00Min. Subscription

HKD

HKD4,000.00Min. Subscription

HKD4,000.00

HKD4,000.00

Daily

14:00

2021-05-18

Dividend Records

Dividend DateDividend Records (HKD)
2021-04-140.450000
2021-03-140.450000
2021-02-150.450000
2021-01-140.470000
2020-12-140.470000
2020-11-150.470000
2020-10-140.470000
2020-09-140.470000
2020-08-160.470000
2020-07-140.470000
2020-06-140.470000
2020-05-140.470000
2020-04-140.490000
2020-03-150.500000
2020-02-160.510000
2020-01-140.520000
2019-12-150.520000
2019-11-140.520000
2019-10-140.520000
2019-09-150.520000
2019-08-140.520000
2019-07-140.500000
2019-06-160.490000
2019-05-140.490000
2019-04-140.490000
2019-03-140.490000
2019-02-140.490000
2019-01-140.490000
2018-12-160.490000
2018-11-140.520000
2018-10-140.520000
2018-09-160.480000
2018-08-140.480000
2018-07-150.480000
2018-06-140.530000
2018-05-140.530000
2018-04-150.530000
2018-03-140.550000
2018-02-140.530000
2018-01-140.550000
2017-12-140.550000
2017-11-140.550000
2017-10-150.550000
2017-09-140.550000
2017-08-140.550000
2017-07-160.550000
2017-06-140.550000
2017-05-140.550000
2017-04-170.550000
2017-03-140.540000
2017-02-140.540000
2017-01-150.600000
2016-12-140.600000
2016-11-140.600000
2016-10-160.600000
2016-09-140.600000
2016-08-140.540000
2016-07-140.540000
2016-06-140.540000
2016-05-150.540000
2016-04-140.530000
2016-03-140.540000
2016-02-140.540000
2016-01-140.570000
2015-12-140.600000
2015-11-150.610000
2015-10-140.620000
2015-09-140.610000
2015-08-160.610000
2015-07-140.610000
2015-06-140.610000
2015-05-140.610000
2015-04-140.550000
2015-03-150.550000
2015-02-150.550000
2015-01-140.630000
2014-12-140.630000
2014-11-160.630000
2014-10-140.630000
2014-09-140.630000
2014-08-140.630000
2014-07-140.530000
2014-06-150.530000
2014-05-140.530000
2014-05-130.530000
2014-04-140.530000
2014-03-160.530000
2014-02-160.530000
2014-01-140.530000
2013-12-150.530000
2013-11-140.530000
2013-10-140.530000
2013-09-150.530000
2013-08-140.530000
2013-07-140.530000
2013-06-160.530000
2013-05-140.530000
2013-04-150.530000
2013-04-140.530000
2013-03-140.530000
2013-02-140.530000
2013-01-140.600000
2012-12-160.600000
2012-11-140.600000
2012-10-140.600000
2012-09-160.600000
2012-08-140.600000

Investment Objective

The investment objective of the BEA Union Investment Asia Pacific Multi Income Fund is to seek income and long-term capital growth through investing in an actively managed portfolio of debt securities, listed REITs and other listed securities including equities and managed funds, that are issued or traded in the Asia Pacific region or which have significant operations in, or derive or are expected to derive a significant portion of their revenues from, the Asia Pacific region. The debt securities and other listed securities as described above are hereinafter referred to as “Debt Securities” and “Other Listed Securities”, respectively.

Nature and Extent of Risks

Investment involves risks. Please refer to the Explanatory Memorandum for details including the risk factors.
1. Investment risk
- The Sub-Fund is an investment fund. The Sub-Fund’s investment portfolio may fall in value and therefore your investment in the Sub-Fund may suffer losses.
2. Risks associated with debt securities
Interest rates – The Sub-Fund is subject to interest rate risk. In general, the prices of debt securities rise when interest rates fall, whilst their prices fall when interest rates rise.
Credit / Counterparty risk – The Sub-Fund is also exposed to the credit/default risk of issuers or guarantors of the debt securities that the Sub-Fund may invest in. If the issuer or guarantor of any of the securities in which the Sub-Fund invests defaults or suffers insolvency or other financial difficulties, the value of such Sub-Fund will be adversely affected and may lead to a loss of principal and interest.
Downgrading risk – The credit rating of a debt instrument or its issuer or guarantor may subsequently be downgraded. In the event of such downgrading, the value of the Sub-Fund may be adversely affected. The Manager may or may not be able to dispose of the debt securities that are being downgraded.
Below investment grade or non-rated securities – The Sub-Fund may invest in below investment grade or non-rated debt securities. Such debt securities are generally subject to lower liquidity, higher volatility and greater risk of loss of principal and interest than higher-rated debt securities.
Volatility and liquidity risk – The debt securities in Asia Pacific market may be subject to higher volatility and lower liquidity compared to more developed markets. The prices of such securities may be subject to fluctuations.
Sovereign debt risk – The Sub-Fund’s investment in securities issued or guaranteed by governments may be exposed to political, social and economic risks. In adverse situations, the sovereign issuers may not be able or willing to repay the principal and/or interest when due or may request the Sub-Fund to participate in restructuring such debts. The Sub-Fund may suffer significant losses when there is a default of sovereign debt issuers.
Valuation risk – Valuation of the Sub-Fund’s investments may involve uncertainties and judgmental determinations. If such valuation turns out to be incorrect, this may affect the net asset value calculation of the Sub-Fund.
Credit rating risk – Credit ratings assigned by rating agencies are subject to limitations and do not guarantee the creditworthiness of the security and/or issuer at all times.
3. Equity markets risk
- The Sub-Fund may invest in equities, listed REITs and managed funds, and thus is subject to the risks generally associated with equity investments. Factors affecting the value of such securities include but not limited to changes in investment sentiment, political, economic and social environment, and liquidity and volatility in the investment market.
4. Asset allocation risk
-The performance of the Sub-Fund is dependent on the success of the asset allocation strategy employed by the Sub-Fund. There is no assurance that the strategy employed by the Sub-Fund will be successful. In adverse situation, the Sub-Fund’s asset allocation strategy may become ineffective and may result in losses to the Sub-Fund.
5. Concentration risk / Asia Pacific market risk
- The Sub-Fund’s investments are concentrated in the Asia Pacific region. The value of the Sub-Fund may be more volatile than that of a fund having a more diverse portfolio of investments.
- The value of the Sub-Fund may be more susceptible to adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory event affecting the markets in the Asia Pacific region.
6. Emerging markets risk
- The Sub-Fund may invest in or have exposure to securities in the emerging markets. Investments in the emerging markets tend to be more volatile than developed markets and may lead to a higher level of risks due to, among other factors, greater political, tax, economic, foreign exchange, liquidity and regulatory risks.
7. Currency risk
- Underlying investments of the Sub-Fund may be denominated in currencies other than the base currency of the Sub-Fund, i.e. US dollars. Also, a class of Units may be designated in a currency other than the base currency of the Sub-Fund. The net asset value of the Sub-Fund may be affected unfavourably by fluctuations in the exchange rates between these currencies and US dollars and by changes in exchange rate controls.
8. Derivative risk
- The Sub-Fund may invest in financial futures contracts. Derivative instruments that are not traded on an exchange are subject to, among others, liquidity risk (i.e. the risk that the Sub-Fund may not be able to close out a derivative position in a timely manner and/ or at a reasonable price) and counterparty risks (i.e. the risk that a counterparty may become insolvent and therefore unable to meet its obligations under a transaction). In addition, investments in these instruments generally involve higher volatility, and may result in a significant loss to the Sub-Fund.
- The Sub-Fund may use financial futures, currency forwards and other derivative instruments for hedging purposes. Such hedging may not achieve the intended purpose. In an adverse situation, the Sub-Fund’s use of derivative instruments may become ineffective in achieving hedging and the Sub-Fund may suffer significant losses.
9. Effect of distribution out of capital
- The Manager may at its discretion make distributions from income and/or capital in respect of the distributing classes of the Sub-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.
10. Currency hedging risk
- Adverse exchange rate fluctuations between the base currency of the Sub-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.
11. RMB currency and conversion risks
- RMB is currently not freely convertible and is subject to exchange controls and restrictions.
- 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 could adversely affect the value of investor’s investment in the Sub-Fund.
- Although offshore RMB (CNH) and onshore RMB (CNY) are the same currency, they trade at different rates. Any divergence between CNH and CNY may adversely impact investors.
- Under exceptional circumstances, payment of redemptions and/or dividend payment in RMB may be delayed due to the exchange controls and restrictions applicable to RMB