Barings Latin America Fund A Inc USD

霸菱拉丁美洲基金 A類 Inc 美元

IE0000828933

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

Dealing Information

0%

Subscription Fee
As low as 0 %

A net deposit amount of HK$1,000,000 or above is required. For details, please refer to the iFund Account Fee Chart.

Secure Transaction

Derivatives knowledge not required

HKD4,000.00Min. Subscription

1.25%

HKD4,000.00Min. Subscription

AUD / HKD / EUR / GBP / USD

HKD4,000.00Min. Subscription

HKD4,000.00

*Not include dividends (If applicable)

Fund Performances (including dividend, if any)

1 mth
+10.12
3 mth
+5.59
6 mth
+15.54
1 yr
+22.10
3 yr
+31.06
5 yr
-14.22

Analytical Figures (3 years)

Annualized Return
+9.44
Annualized Volatility
+20.61
Sharpe Ratio
+0.39

Fund Information

Fund Houses
Baring Asset Management (Asia) Limited
Launch Date
1993-04-04
Fund Manager
Michael Simpson
Manager Start Date
Michael Simpson (Start Date 2012-01-01)
Geographical Focus
Latin America
Asset Class/ Sector
Equity - All cap
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 2019-06-24)
USD 270,129,733.16
Management Fee
1.25%
Latest Dividend
USD 0.408500 (2019-05-01)

Sector Leaders

    No Funds

Dealing Information

0%

Subscription Fee
As low as 0 %

A net deposit amount of HK$1,000,000 or above is required. For details, please refer to the iFund Account Fee Chart.

Secure Transaction

Derivatives knowledge not required

HKD4,000.00Min. Subscription

1.25%

HKD4,000.00Min. Subscription

AUD / HKD / EUR / GBP / USD

HKD4,000.00Min. Subscription

HKD4,000.00

Dividend Records

Dividend DateDividend Records (USD)
2019-05-010.408500
2019-04-300.408500
2018-04-300.266190
2017-05-010.223930
2016-05-020.268810
2015-04-300.060570
2014-04-300.424260
2013-05-210.475000
2013-04-300.475000
2012-05-220.658100
2012-04-300.658100
2011-05-230.150100
2011-05-020.150110
2010-05-240.166000
2010-05-030.166000
2009-05-260.032800
2009-04-300.032800
2008-05-220.461800
2008-04-300.461820
2007-05-220.173100
2007-04-300.173090
2006-05-220.254000
2006-05-010.254040
2005-05-230.195000
2005-05-020.195000
2004-06-220.158000
2004-05-030.158000
2003-06-170.067000
2003-04-300.067000
2002-04-300.130000
2001-07-310.122000
2001-06-260.122000
2001-04-300.122000
1999-05-030.184000
1999-04-290.184000
1998-05-190.085000
1998-03-310.085000
1997-05-270.020000
1997-03-310.020000
1996-04-240.080000
1996-03-310.080000

Investment Objective

To seek long-term capital growth primarily through investment in Latin American equity securities.
Latin American equity securities for this purpose consist of (i) equity securities listed or traded on Latin American securities markets; (ii) equity securities of companies incorporated in Latin America; (iii) equity securities of companies that have a substantial proportion of revenues or assets deriving from (or are expected to derive from) or located in Latin America; (iv) equity securities of, or interests in, investment companies or similar funds that invest in Latin America or in any part of Latin America.

Nature and Extent of Risks

Investment involves risks. Please refer to the offering document for details including the risk factors.
1. Investment risk
- The Fund’s investment portfolio may fall in value due to any of the key risk factors below and therefore your investment in the Fund may suffer losses. The Fund is an investment fund and is not in the nature of a bank deposit. There is no guarantee of repayment of principal.
2. Risks of investment in equities and equity-related instruments
- The Fund’s investment in equity securities is subject to general market risks, whose value may fluctuate due to various factors, such as changes in investment sentiment, political and economic conditions and issuer-specific factors.
- The Fund may invest in equity-related securities such as structured notes, participation notes or equity-linked notes. These are usually issued by a broker, an investment bank or a company and are therefore subject to the risk of insolvency or default of the issuer. If there is no active market in these instruments, this may lead to liquidity risk. Further, investment in equity-linked securities may lead to dilution of performance of the Fund when compared to the other funds which invest directly in similar underlying assets due to fees embedded in the notes. The aforesaid circumstances may adversely affect the net asset value per unit of the Fund.
- Securities exchanges typically have the right to suspend or limit trading in any instrument traded on that exchange. Governments or the regulators may also implement policies that may affect the financial markets. A suspension could render it impossible for the Investment Manager or an underlying fund manager to liquidate positions and thereby expose the Fund to losses and may have a negative impact on the Fund.
3. Risk associated with investment in specific countries
- The Fund’s investments are concentrated in Latin American countries. The value of the Fund may be more volatile than that of a fund having a more diverse portfolio of investments.
- The value of the Fund may be more susceptible to adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory event affecting the specific Latin American market.
4. Emerging market and liquidity risks
- The Fund invests in Latin American countries which are emerging markets. Investing in these markets may involve increased risks and special considerations not typically associated with investment in more developed markets, such as liquidity risks, currency risks/control, political and economic uncertainties, legal and taxation risks, settlement risks, custody risk and the likelihood of a high degree of volatility.
- Market liquidity in the emerging markets may be lower than the more developed markets so that the purchase and sale of instruments may take longer. The Fund may also encounter difficulties in disposing of securities at their fair market price.
- High market volatility and potential settlement difficulties in such markets may also result in significant fluctuations in the prices of the securities traded on such markets and thereby may adversely affect the value of the Fund.
5. Investment in small-capitalisation/mid-capitalisation companies
The stock of small-capitalisation and mid-capitalisation companies may have lower liquidity and their prices are more volatile to adverse economic developments than those of larger capitalisation companies in general. Risks include economic risks, such as lack of product depth, limited geographical diversification, increased sensitivity to the business cycle and organisational risk, such as concentration of management and shareholders and key-person dependence. Shares in smaller companies can be more difficult to buy and sell, resulting in less flexibility, and sometimes higher costs, in implementing investment decisions.
6. Counterparty risk
Counterparty risk is the risk that an organization does not pay out on a bond or other trade or transaction when it is supposed to. If a counterparty fails to honour its obligations in a timely manner 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, lose income and/or incur costs associated with asserting its rights.
7. Currency risk
The underlying investments of the Fund may be denominated in currencies other than the base currency of the Fund. Also, a class of units of the Fund may be designated in a currency other than the base currency of the Fund. The net asset value of the Fund may be affected unfavourably by fluctuations in the exchange rates between these currencies and the base currency and by changes in exchange rate controls.
8. Charges deducted from capital/Risks relating to distribution
- The Fund normally pays its management fee and other fees and expenses out of income (in accordance with Irish accounting guidelines). However, where insufficient income is available, the Manager may pay some or all of its management fee and other fees and expenses out of capital and out of both realised and unrealised capital gains less realised and unrealised capital losses. Where the management fee and other fees and expenses are deducted from capital rather than income generated, this may constrain growth and could erode capital.
- The Fund normally pays dividends out of surplus net income. However, the Manager may also distribute such part of any capital gains less realised and unrealised capital losses as, in its opinion, is appropriate to maintain a satisfactory level of distribution. Payment of distributions out of unrealised capital gains amounts to distribution out of capital under Hong Kong regulatory disclosure requirements and that payment of distributions under such circumstances 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 unrealised capital gains as dividends (which means effectively paying dividend out of capital) may result in an immediate reduction of the Fund’s net asset value per unit.

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