Baring Global Resources Fund A Inc EUR

霸菱環球資源基金A類 Inc 歐元

IE0004851352

Risk Rating: Level 4

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 Hours
EUR

16.25

Latest Price: 2019-03-24

Dealing Information

0%

Subscription Fee
As low as 0 %

Secure Transaction

Derivatives knowledge not required

HKD4,000.00Min. Subscription

1.50%

HKD4,000.00Min. Subscription

AUD / HKD / EUR / GBP / USD

HKD4,000.00Min. Subscription

HKD4,000.00

*Not include dividends (If applicable)

Fund Performaces

1 mth
-1.16
3 mth
+15.17
6 mth
-7.41
1 yr
+1.06
3 yr
+15.15
5 yr
+5.29

Analytical Figures (3 years)

Annualized Return
+4.81
Annualized Volatility
+14.78
Sharpe Ratio
+0.53

Fund Information

Fund Houses
Baring Asset Management (Asia) Limited
Launch Date
1999-03-10
Fund Manager
Duncan Goodwin
Manager Start Date
Duncan Goodwin (Start Date: 2014-02-01)
Geographical Focus
Global
Asset Class/ Sector
Equity - Commodity
Risk Rating
Risk Level 4

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 2019-03-24)
USD 352,732,600
Management Fee
1.50%
Latest Dividend
EUR 0.0098 (2017-05-01)

Sector Leaders

Dealing Information

0%

Subscription Fee
As low as 0 %

Secure Transaction

Derivatives knowledge not required

HKD4,000.00Min. Subscription

1.50%

HKD4,000.00Min. Subscription

AUD / HKD / EUR / GBP / USD

HKD4,000.00Min. Subscription

HKD4,000.00

Dividend Records

Dividend DateDividend Records (EUR)
2017-05-010.0098
2016-05-020.0115
2015-04-300.0551
2014-04-300.0500
2013-05-210.0466
2013-04-300.0500
2007-05-220.0257
2007-04-300.0257
2005-05-230.0450
2005-05-020.0450
2004-05-180.1240
2004-05-030.1240
2003-05-270.0740
2003-04-300.0740

Investment Objective

To achieve long-term capital appreciation through investment in a diversified portfolio of the securities of Commodity Producers, being companies engaged in the extraction, production, processing and/ or trading of commodities such as oil, gold, aluminium, coffee and sugar.

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 securities
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 equity-related securities.
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 sectors and countries
The Fund may be concentrated in the Commodity Producers. The value of the Fund may be more volatile than that of
a fund having a more diverse portfolio of investments.
In light of ongoing concerns on the sovereign debt risk of certain countries within the Eurozone, the Fund’s
investments in the region may be subject to higher volatility, liquidity, currency and default risks. Any adverse events,
such as credit downgrade of a sovereign or exit of EU members from the Eurozone, may have a negative impact on
the value of the Fund.
4. Risk associated with 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.
5. Emerging market investment risk
The Fund may invest in securities of issuers operating in emerging markets. Investing in emerging 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.
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.
6. Risks associated with derivatives
The Fund may have exposure to derivatives for investment purposes or for efficient portfolio management. Risks
associated with derivatives include counterparty/credit risk, liquidity risk, valuation risk, volatility risk and
over-the-counter transaction risk. The leverage element/component of a derivative can result in a loss significantly
greater than the amount invested in the derivative by the Fund. Exposure to derivatives may lead to a high risk of
significant loss by the Fund.
Furthermore, there is no guarantee that the Fund’s use of derivatives for hedging will be entirely effective and in
adverse situations, where the use of derivatives becomes ineffective, the Fund may suffer significant loss.
7. Liquidity risk
Market liquidity in the emerging markets may be lower than the more developed markets so that the purchase and
sale of holding may take longer. The Fund may also encounter difficulties in disposing of securities or derivatives at
their fair market price.
8. 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.
9. 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.
10. 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.