Barings Global Agriculture Fund A Acc USD

霸菱環球農業基金A 類Acc 美元

GB00B3B9VC56

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.

Dealing Hours

Dealing Information

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

HKD4,000.00

Daily

16:30

-

*Not include dividends (If applicable)

Fund Performances (including dividend, if any)

1 mth
+2.39%
3 mth
+5.26%
6 mth
+5.92%
1 yr
+7.91%
3 yr
+28.97%
5 yr
+12.26%

Analytical Figures (3 years)

Annualized Return
+8.85%
Annualized Volatility
+13.33%
Sharpe Ratio
+0.42

Fund Information

Fund Houses
Baring Asset Management (Asia) Limited
Launch Date
2009-01-14
Fund Manager
Jamie Govan
Manager Start Date
Jamie Govan (Start Date: 2013-10-30)
Geographical Focus
Global
Asset Class/ Sector
Equity - Agribusiness
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 2019-11-13)
GBP 43,928,959.91
Management Fee
1.50%
Latest Dividend
USD 0.009100 (2018-07-31)

Sector Leaders

    No Funds

Dealing Information

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

HKD4,000.00

Daily

16:30

-

Dividend Records

Dividend DateDividend Records (USD)
2018-07-310.009100
2016-07-310.007500
2014-07-310.493100
2013-07-310.090000

Investment Objective

To achieve long-term capital growth by investing in the agricultural sector.

Nature and Extent of Risks

Investment involves risks. Please refer to the Prospectus 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. There is no guarantee of the 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. When the equity markets are extremely volatile the Fund’s net asset value may fluctuate substantially.
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 share of the Fund.
Securities exchanges typically have the right to suspend or limit trading in any instrument traded on that exchange.
The 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. Risks of 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.
4. Risks associated with investment in agricultural and soft commodities
The Fund invests in companies engaged in activities related to agricultural and soft commodities. Natural events such as fire, drought, unseasonal rain, disease, flood, pests as well as human error and interruptions of water supply may have an adverse impact on the agricultural and soft commodities markets. The agriculture and soft commodities markets may fluctuate significantly with prices rising or falling sharply due to, for example, changing market supply and demand relationships.
5. Risks associated with investment in specific sectors or specific countries/region
The Fund ’s investment may be concentrated in the agricultural sector or a single country/region. 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 market in a specific country or region.
6. Risks associated with investment in emerging markets
The Fund invests in emerging markets which 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.
Currency conversion and repatriation of investment income, capital and proceeds of sale by the Fund may be limited
or require governmental consents. The Fund could be adversely affected by delays in, or refusal to grant, any such approval for the repatriation of funds or by any official intervention affecting the process of settlement of transactions.
Stock exchanges and other such clearing infrastructure may lack liquidity and robust procedures and may be susceptible to interference.
High market volatility and potential settlement difficulties in the 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.
7. Risks associated with derivative
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.
8. Counterparty risk
The Fund may be exposed to counterparty risk that an organisation 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 a 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.
The Fund may also be exposed to the credit/default risk of issuers of debt securities that the Fund may invest in.
9. Liquidity risk
Liquidity risk exists when a particular security or instrument is difficult to purchase or sell. If the size of a transaction
would represent a relatively large proportion of the average trading volume in that security or if the relevant market is illiquid (as is the case with many privately negotiated derivatives, structured products, etc), the Fund may not be possible to initiate a transaction or liquidate a position at an advantageous time or price.
10. 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 shares 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.

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