Principal Global Investors Funds - European Equity Fund A Acc USD

信安環球投資基金 - 歐洲股票基金 A類 Acc 美元

IE0001148372

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 Hours

Dealing Information

Secure Transaction

Derivatives knowledge not required

HKD10,000.00Min. Subscription

1.50%

HKD10,000.00Min. Subscription

HKD / RMB / USD

HKD10,000.00Min. Subscription

HKD10,000.00

HKD10,000.00

Daily

15:45

-

*Not include dividends (If applicable)

Fund Performances (including dividend, if any)

1 mth
+3.15%
3 mth
+8.11%
6 mth
+5.43%
1 yr
+14.46%
3 yr
+36.57%
5 yr
+27.67%

Analytical Figures (3 years)

Annualized Return
+10.95%
Annualized Volatility
+10.64%
Sharpe Ratio
+0.87

Fund Information

Fund Houses
Principal Asset Management Co. (Asia) Ltd
Launch Date
1992-11-23
Fund Manager
Juliet Cohn
Paul H. Blankenhagen
Manager Start Date
2003-04-28
2014-02-28
Geographical Focus
Europe
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 2019-11-18)
USD 35,171,688
Management Fee
1.50%
Latest Dividend
USD 1.120000 (1995-10-01)

Sector Leaders

    No Funds

Dealing Information

Secure Transaction

Derivatives knowledge not required

HKD10,000.00Min. Subscription

1.50%

HKD10,000.00Min. Subscription

HKD / RMB / USD

HKD10,000.00Min. Subscription

HKD10,000.00

HKD10,000.00

Daily

15:45

-

Dividend Records

Dividend DateDividend Records (USD)
1995-10-011.120000
1994-10-020.540000

Investment Objective

To seek capital growth over the medium to long term by investing primarily in the equity securities of companies domiciled or with their core business in Europe (including Eastern Europe), which the Manager believes are mispriced by the market and have the potential for significant growth.

Nature and Extent of Risks

Investment involves risks. Please refer to the Summary Prospectus for details including the risk factors.
1. Risk of investments in Europe
In view of the recent economic and financial crisis surrounding Europe and the likelihood that the economies in the European region are unlikely to recover swiftly within the foreseeable future and may continue to deteriorate or spread within and outside Europe, investing into the Sub-Fund involves significant risk as the deterioration in the economic conditions of the European market will expose the Sub-Fund to extremely high liquidity and volatility risks, as well as additional political, sovereign and foreign exchange risks. In particular, investments in European securities and the value of such securities may be affected by the market, currency, economic and political conditions in Europe. In addition, it is possible that certain existing member countries may withdraw from the Eurozone and from using the Euro, and the Eurozone may break up and the Euro may cease to be used as a currency in the Eurozone. It is therefore highly probable that investment in the Sub-Fund in such period of economic instability around the European region will result in significant loss of your investments in the Sub-Fund.
2. Concentration risk
The performance of the Sub-Fund may be significantly affected or become volatile if the Sub-Fund concentrates its investments in a particular market and/or the markets of a particular geographical region.
3. Unlisted securities
The unlisted securities into which the Sub-Fund invests may have little or no liquidity. It may be difficult for their proper market price to be determined within a short period of time, and they may not be able to be realised readily at a favorable price.
4. Emerging markets
The Sub-Fund may be exposed to emerging market risks due to its policy of diversification, which involves investing in emerging market economies. Investments in emerging markets may, as a result, be adversely affected by changes in law and government policy. Accordingly, investment in the Sub-Fund may be exposed to emerging market risks including but not limited to higher liquidity and volatility risks and additional legal regulatory, political, expropriation, repatriation and foreign exchange risks, which are not normally associated with investing in more developed markets, and may have an adverse impact on the Sub-Fund’s performance.
5. Market risk
The Sub-Fund’s investments are subject to the risks inherent in all securities, including the fact that the value of holdings may go down as well as up significantly, and you may not be able to get back the same amount you invested. In particular, the income earned from the Sub-Fund’s investments may fluctuate up or down as a result of changes in the dividend policy of the underlying companies in which the Sub-Fund is invested. Such changes will impact on the level of income available for distribution by the Sub-Fund.
6. Financial derivative instruments
The degree of success of the Sub-Fund in using financial derivative instruments for efficient portfolio management will depend, to a large extent, on the ability of the Manager or its delegate to correctly identify and execute on suitable opportunities. This process involves uncertainty, and in adverse situations, such techniques may become ineffective and significant losses may be suffered by the Sub-Fund.
7. Dividends paid effectively out of capital
The dividends distributed by the Sub-Fund may be paid effectively out of the capital of the Sub-Fund (i.e. making the distribution from gross income while charging all or part of the Sub-Fund’s fees and expenses to capital), resulting in an increase in distributable income for the payment of dividends by the Sub-Fund and an immediate reduction of the net asset value per unit of the Sub-Fund. Payment of dividends effectively out of capital amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment.

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