Man AHL Diversified Futures Ltd Tranche A Acc USD

英仕曼多元化期貨基金 Tranche A Acc 美元

BMG5777T1099

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 HoursComplex

Dealing Information

Secure Transaction

Derivatives knowledge required

HKD80,000.00Min. Subscription

3.00%

HKD80,000.00Min. Subscription

USD

HKD80,000.00Min. Subscription

HKD80,000.00

HKD80,000.00

Daily

16:30

-

  • Subscription or Redemption Orders received today is placed on the next business day.
*Not include dividends (If applicable)

Fund Performances (including dividend, if any)

1 mth
-1.33%
3 mth
-9.50%
6 mth
+5.27%
1 yr
+16.69%
3 yr
+14.09%
5 yr
+7.51%

Analytical Figures (3 years)

Annualized Return
+4.49%
Annualized Volatility
+14.08%
Sharpe Ratio
+0.23

Fund Information

Fund Houses
Man Investments (Hong Kong) Limited
Launch Date
1998-05-11
Fund Manager
Systematic Futures
Manager Start Date
N/A
Geographical Focus
Global
Asset Class/ Sector
Hedge Fund - CTA
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 2009-03-08)
USD 1,509,795,689
Management Fee
3.00%
Latest Dividend
N.A.

Sector Leaders

    No Funds

Dealing Information

Secure Transaction

Derivatives knowledge required

HKD80,000.00Min. Subscription

3.00%

HKD80,000.00Min. Subscription

USD

HKD80,000.00Min. Subscription

HKD80,000.00

HKD80,000.00

Daily

16:30

-

  • Subscription or Redemption Orders received today is placed on the next business day.

Dividend Records

No Dividends

Investment Objective

The Company seeks to achieve substantial medium-term capital growth while aiming to restrict the associated risk

Nature and Extent of Risks

Investment involves risks. Please refer to the offering document for details including the risk factors. The Company may substantially invest in various futures and option contracts and other financial derivatives instruments (“FDI”). Risks inherent in the Company are not typically encountered in traditional funds which may lead to substantial or total loss of investments and is not suitable for investors who cannot afford to take on such risk.
1. Risk of investing in futures, options and other FDIs
The Company primarily invests in futures and options. The Company also intends to invest extensively in other FDIs’, including but not limited to warrants, forward contracts, convertible securities, interest rate swaps, credit default swaps and equity swaps, which can be highly volatile and expose investors to a high risk of loss due to the leveraged effect embedded in it.
Futures and options investments are subject to key risk factors including leverage, counterparty and liquidity risks and substantial losses may be suffered. Risks associated with the use of FDIs include leverage, counterparty and liquidity risks. The Company may utilise over-the-counter (OTC) FDIs which may increase these risks.
2. Commodity market risk
The Company is exposed to risks of investments in commodities markets which may be more volatile and may be of higher risk than investments on other markets. As such the net asset value of the Company may be very volatile and could go down substantially within a short period of time.
3. Risk of investing in repurchase agreements
The use of repurchase and reverse repurchase agreements by the Company involves certain risks. For example, if the seller of securities to the Company under a reverse repurchase transaction defaults on its obligation to repurchase the underlying securities, as a result of its bankruptcy or otherwise, the Company will seek to dispose of such securities, which action could involve costs or delays. The Company may suffer a loss to the extent that the proceeds from the disposal of the underlying securities are less than the repurchase price due from the defaulting seller.
4. Model and data risk
The Company may rely heavily on quantitative models or strategies which depend upon the reliability and accuracy of the Investment Manager’s analytical models and data supplied by third parties. To the extent such models or the assumptions underlying them or the data do not prove to be correct, the investments of the Company may not perform as anticipated which could result in losses.
5. Interest rate risk
The Company may invest in futures and options with interest rates as an underlying asset. If the Company has long positions in futures and options with interest rates as an underlying asset, an increase in interest rates may result in a decrease in the market-to-market value of such instrument, and hence, the Company may incur significant loss, and vice versa. The factors influencing interest rates include, amongst other things, monetary policy, fiscal policy and inflation.
6. Foreign exchange risk
Some of the Company’s assets will be managed in currency (ies) other than that in which the Company is denominated, and the Company, will therefore be affected by the fluctuation of the exchange rate(s).
7. Risk of limited diversification
The Company’s portfolio could become significantly concentrated in a limited number of issues, types of financial instruments, industries, sectors, strategies, countries, or geographic regions, and any such concentration of risk may increase losses suffered by the Company.
8. Counterparty risk
Investments may normally be entered into between the Company and broker as principal. Accordingly, the Company is exposed to the risk that the broker may, in an insolvency or similar event, be unable to meet its contractual obligations to the Company. The insolvency of any counterparty could result in a material loss to the Company.
9. Leverage risk
The Company may borrow and utilise FDIs together with other forms of leverage. Leverage has the effect of potentially magnifying losses and could result in the value of the Company’s net assets and the Net Asset Value per Share decreasing. The cumulative effect of the use of leverage in a market that moves adversely to a leveraged instrument could result in a substantial loss which would be greater than if leverage were not used.
10. Incentive fee (i.e. performance fee)
Incentive fees may create an incentive for the Investment Manager to make investments which are riskier than would be the case in the absence of a fee based on performance
The method of calculating incentive fees and the fact that no equalization methods are used gives rise to the risk that a Shareholder may be subject to an incentive fee even if they may have suffered a loss on their investment.
Incentive fees may be paid on unrealised gains which may never be realised by the Company.
11. Liquidity risk
The Company may make investments in markets that are volatile and which may become illiquid. Accordingly, it may not be possible in certain circumstances for a position to be initiated or liquidated promptly (in the event of insufficient trading activity in the relevant market or otherwise). This risk may be accentuated where the Company is required to liquidate positions to meet margin requests, margin calls or other funding requirements.
12. Sovereign risk
The AHL Diversified Programme may invest in debt securities issued or guaranteed by governments and/or supranational institutions (or in related financial derivative instruments) and thus may be exposed to credit risk of such governments and/or supranational institutions. If such governments and/or supranational institutions default on their debt securities, e.g. when they are not able to meet their obligations as to the payment of principal and/or interest, or become insolvent, Company could lose money. There may not be any bankruptcy proceedings by which the Company could enforce its rights against a defaulted government or a supranational institution in whole or in part.
13. European sovereign crisis
In light of the current fiscal conditions and concerns on the sovereign risk of certain European countries, investments in European securities might face higher volatility, liquidity and foreign exchange risk. The performance of these investments could deteriorate significantly should there be any adverse credit events (e.g. further downgrade of the sovereign credit rating) of any European country.
Should the current fiscal conditions on certain European countries continue to deteriorate, there is a possibility that a European government may default. Funds investing in securities issued or guaranteed by governments and/or supranational institutions in a European country may thereby be exposed to additional credit risks relating to sovereign debts as described in the risk factor headed “Sovereign Risk” above.
14. Emerging market risk
The Company 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.

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3896 3896

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