Barings Australia Fund A Inc USD

霸菱澳洲基金 A類 Inc 美元

IE0000829451

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.

On Holiday

Dealing Information

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

HKD4,000.00

Daily

16:30

2019-09-30

*Not include dividends (If applicable)

Fund Performances (including dividend, if any)

1 mth
+3.86%
3 mth
-0.62%
6 mth
+3.52%
1 yr
+1.09%
3 yr
+17.29%
5 yr
+5.15%

Analytical Figures (3 years)

Annualized Return
+5.46%
Annualized Volatility
+12.22%
Sharpe Ratio
+0.26

Fund Information

Fund Houses
Baring Asset Management (Asia) Limited
Launch Date
1981-12-03
Fund Manager
Lim Soo Hai
Franki Chung
Manager Start Date
Lim Soo Hai (Start Date: 2006-08-01) Franki Chung (Start Date: 2007-08-02)
Geographical Focus
Australia
Asset Class/ Sector
Equity - All cap
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 2019-09-18)
USD 66,412,786.12
Management Fee
1.25%
Latest Dividend
USD 2.501900 (2019-05-01)

Sector Leaders

    No Funds

Dealing Information

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

HKD4,000.00

Daily

16:30

2019-09-30

Dividend Records

Dividend DateDividend Records (USD)
2019-05-012.501900
2019-04-302.501900
2018-04-302.407800
2017-05-011.915510
2016-05-021.499480
2015-04-302.067800
2014-04-302.791560
2013-05-212.746100
2013-04-302.746090
2012-05-222.444400
2012-04-302.444440
2011-05-231.703400
2011-05-021.703400
2010-05-241.304200
2010-05-031.304240
2009-05-262.088000
2009-04-302.088030
2008-05-222.093800
2008-04-302.093840
2007-05-221.735200
2007-04-301.735180
2006-05-221.523400
2006-05-011.523400
2005-05-231.380000
2005-05-021.380000
2004-06-220.950000
2004-05-030.950000
2003-06-170.640000
2003-04-300.640000
2002-06-250.430000
2002-04-300.430000
2001-05-220.500000
2001-04-300.500000
2000-06-270.280000
2000-05-010.280000
2000-04-270.280000
1999-06-220.100000
1999-05-030.100000
1999-01-260.730000
1998-11-300.730000
1998-01-270.560000
1997-11-300.560000
1997-01-280.360000
1996-12-020.360000
1996-12-010.360000
1996-01-180.370000
1995-11-300.370000
1995-01-180.210000
1994-11-300.210000
1993-11-300.100000
1991-12-010.400000
1990-12-120.560000
1990-01-010.540000
1989-01-020.190000
1986-12-300.050000
1985-12-300.030000
1984-12-300.010000
1983-12-290.200000
1982-12-300.250000
1981-12-300.230000

Investment Objective

To achieve long-term capital growth in the value of assets by investing in Australia.
The Fund will invest at least 70% of its total assets at any one time in equities and equity-related securities (such as structured notes, participation notes or equity-linked notes) of companies incorporated in, or exercising the predominant part of their economic activity in Australia, or quoted or traded on the stock exchanges in Australia. For this purpose, total assets exclude cash and ancillary liquidities.

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 share 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 investment may be concentrated in the Australian markets. 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 Australian markets.
4. Risks 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. Risks associated with derivatives and liquidity
- 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 derivatives 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.
- There may not be an active market for certain derivatives so that the purchase and sale of holding may take longer. The Fund may also encounter difficulties in disposing of derivatives at their fair market price.
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 obligation 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 a 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 Fund 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 unrealized 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 Fund Manager may also distribute such part of any capital gains less realised and unrealised capital losses as, in their opinion, is appropriate to maintain a satisfactory level of distribution. Payment of distributions out of unrealised capital gains amount 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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852
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