Fidelity Funds - European High Yield Fund A Acc EUR

富達基金 - 歐洲高收益基金A類Acc歐元

LU0251130802

風險等級: 4級

iFund 的投資產品風險評級為一個衡量單一基金的地域和資產類別、投資風格和任何潛在因素的質化和量化並重的評估機制。風險評級分為一至六(1(最低風險)至6 (最高風險))等級別。風險評級為3或4的基金大多投資於股債混合資產,包括高息債券及環球股票,為投資者提供收入及資本增值。有關詳細資訊,請參閱「流程說明」頁面下的「盡職審查」。

假期中

交易資料

交易
快捷可靠

無需衍生產品
知識可購買

HKD4,000.00起投

Up to 1.00%

HKD4,000.00起投

AUD / CHF / HKD / JPY / EUR / GBP / CAD / USD / NZD

HKD4,000.00起投

HKD4,000.00

HKD4,000.00

Daily

14:00

2021-04-01

*下圖為基金價格,並未包括基金派息 (如適用)

基金表現(包括派息,如有)

1個月
0.00%
3個月
+1.18%
6個月
+5.48%
1年
+3.43%
3年
+10.33%
5年
+27.54%

分析數值 (3年)

年度化回報
+3.33%
年度化波幅
+10.46%
夏普比率
+0.40

基金資料

基金公司
FIL Investment Management (Hong Kong) Limited
基金成立日期
2006-07-02
基金經理
Andrei Gorodilov James Durance Peter Khan
基金經理開始日期
Andrei Gorodilov (Start Date: 2013-02-01) James Durance (Start Date: 2017-04-01) Peter Khan (Start Date: 2019-01-01)
主要投資地區
Europe
資產類別 / 行業
Fixed Income - High yield
風險評級
4級

iFund 的投資產品風險評級為一個衡量單一基金的地域和資產類別、投資風格和任何潛在因素的質化和量化並重的評估機制。風險評級分為一至六(1(最低風險)至6 (最高風險))等級別。風險評級為3或4的基金大多投資於股債混合資產,包括高息債券及環球股票,為投資者提供收入及資本增值。有關詳細資訊,請參閱「流程說明」頁面下的「盡職審查」。

基金規模(截至 2021-01-30)
EUR 2,669,265,583.614
基金管理費
Up to 1.00%
最新派息
不適用

同類前列基金

    暫無基金

交易資料

交易
快捷可靠

無需衍生產品
知識可購買

HKD4,000.00起投

Up to 1.00%

HKD4,000.00起投

AUD / CHF / HKD / JPY / EUR / GBP / CAD / USD / NZD

HKD4,000.00起投

HKD4,000.00

HKD4,000.00

Daily

14:00

2021-04-01

派息記錄

無派息記錄

投資目標

The fund is a Bond fund and aims to provide a high level of current income and capital appreciation by investing primarily (i.e. at least 70% of the fund's assets) in high-yielding, sub investment grade securities of issuers that have their head office or main activities in Western, Central and Eastern Europe (including Russia). This region includes certain countries considered to be emerging markets.

風險性質及程度

Investment involves risks. Please refer to the Hong Kong Prospectus for details including the risk factors.
1. Risk to Capital and Income (Investment Risk)
- The assets of the fund are subject to fluctuations in value. There is no guarantee of repayment of principal and you may not get back the original amount invested. Past performance is no guarantee of future performance.
2. Bonds and other Debt Instruments
- The value of bonds or other debt instruments will fluctuate depending on e.g. market interest rates, the credit quality of the issuer, the currency of the investment (when it is different from the base currency of the fund) and liquidity considerations. In general, the prices of debt instruments rise when interest rates fall, whilst their prices fall when interest rates rise.
3. Downgrading risk
- The credit rating of a debt instrument or its issuer may subsequently be downgraded. In the event of such downgrading, the value of the fund may be adversely affected. The investment manager may or may not be able to dispose of the debt instruments that are being downgraded.
4. Credit/Default Risk
- Investments may be adversely affected if any of the institutions with which money is deposited suffers insolvency or are otherwise unable to pay interest or principal (default). Credit risk also arises from the uncertainty about the ultimate repayment of principal and interest from bond or other debt instrument investments. In both cases the entire deposit or purchase price of the debt instrument is at risk of loss if there is no recovery after default.
5. Credit rating risk
- Credit ratings assigned by rating agencies are subject to limitations and do not guarantee the creditworthiness of the security and/or issuer at all times.
6. Valuation Risk
- Valuation of the fund’s investments may involve uncertainties and judgmental determinations. If such valuation turns out to be incorrect, this may affect the net asset value calculation of the fund.
7. Risk associated with Debt Securities Rated Below Investment Grade/Unrated Securities and High Yielding Debt Instruments
- The fund may invest in debt securities rated below investment grade or unrated securities. Such securities are generally subject to lower liquidity, higher volatility, heightened risk of default and loss of principal and interest than higher-rated/lower yielding debt securities.
8. Income-producing securities
- Although the fund will generally invest in income-producing securities, it is not guaranteed that all underlying investments will generate income. To the extent that underlying investments of the fund are income producing, higher yields generally mean that there will be increased potential for capital appreciation and/or depreciation for fixed income securities.
9. Risk of investing in CoCos and other instruments with loss-absorption features
- The fund may invest in instruments with loss-absorption features. Those features have been designed to meet specific regulatory requirements imposed on financial institutions and typically include terms and conditions specifying the instrument is subject to contingent write-down or contingent conversion to ordinary shares on the occurrence of the following: (a) when a financial institution is near or at the point of non-viability; or (b) when the capital ratio of a financial institution falls to a specified level.
- Debt instruments with loss-absorption features are subject to greater capital risks when compared to traditional debt instruments as such instruments are typically subject to the risk of being written down or converted to ordinary shares upon the occurrence of pre-defined trigger events (such as those disclosed above). Such trigger events are likely to be outside of the issuer’s control and are complex and difficult to predict and may result in a significant or total reduction in the value of such instruments.
- In the event of the activation of a trigger, there may be potential price contagion and volatility to the entire asset class. Debt instruments with loss-absorption features may also be exposed to liquidity, valuation and sector concentration risk.
- The fund may invest in CoCos, which are highly complex and are of high risk. CoCos are a form of hybrid debt security with loss-absorption features that are intended to either convert into equity shares of the issuer (potentially at a discounted price) or have their principal written down (including permanently written down to zero) upon the occurrence of certain ‘triggers’. Coupon payments on CoCos are discretionary and may be cancelled by the issuer at any point, for any reason, and for any length of time.
- The fund may also invest in senior non-preferred debts. While these instruments are generally senior to subordinated debts, they may be subject to write-down upon the occurrence of a trigger event and will no longer fall under the creditor ranking hierarchy of the issuer. This may result in total loss principal invested.
10. Eurozone Risk
- 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.
11. Foreign Currency Risk
- The fund’s assets may be denominated in currencies other than the base currency of the fund. Also, a class of shares may be designated in a currency other than the base currency of the fund. Fluctuations in the exchange rates between these currencies and the base currency as well as changes in exchange rate controls may adversely affect the fund’s net asset value.
12. Risks associated with distribution out of/effectively out of the fund’s capital
- Payment of dividends out of capital and/or 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. Any such distributions
may result in an immediate reduction of the NAV per share/unit.
- The distribution amount and net asset value of the hedged share class may be adversely affected by differences in the interest rates of the reference currency of the hedged share class and the fund’s base currency, resulting in an increase in the amount of distribution that is paid out of capital and hence a greater erosion of capital than other non-hedged share classes.
13. Financial Derivative Instruments
- The fund’s net derivative exposure may be up to 50% of its net asset value. The use of derivatives may give rise to liquidity risk, counterparty credit risk, volatility risk, valuations risks and over-the-counter transaction risk at times. The leverage element/component of a derivative can result in a loss significantly greater than the amount invested in the financial derivative instrument by the fund. Exposure to financial derivative instruments may lead to a high risk of significant loss by the fund.