Amundi Funds Bond Global Fund A2U Acc USD

東方匯理系列基金環球債券基金 A2U類 Acc 美元

LU0839533063

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 HoursComplex

Dealing Information

Secure Transaction

Derivatives knowledge required

HKD4,000.00Min. Subscription

0.9%

HKD4,000.00Min. Subscription

AUD / HKD / JPY / 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
-1.01%
3 mth
+0.10%
6 mth
+6.96%
1 yr
+12.88%
3 yr
+14.80%
5 yr
+12.38%

Analytical Figures (3 years)

Annualized Return
+4.71%
Annualized Volatility
+7.09%
Sharpe Ratio
+0.41

Fund Information

Fund Houses
Amundi Hong Kong Ltd.
Launch Date
1990-12-27
Fund Manager
Laurent Crosnier
Anne Beaudu
Manager Start Date
2013-07-24
Geographical Focus
Global
Asset Class/ Sector
Fixed Income - Investment grade sovereign
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 2019-11-12)
USD 175,635,792.66
Management Fee
0.9%
Latest Dividend
N.A.

Sector Leaders

    No Funds

Dealing Information

Secure Transaction

Derivatives knowledge required

HKD4,000.00Min. Subscription

0.9%

HKD4,000.00Min. Subscription

AUD / HKD / JPY / EUR / GBP / USD

HKD4,000.00Min. Subscription

HKD4,000.00

HKD4,000.00

Daily

16:30

-

Dividend Records

No Dividends

Investment Objective

To achieve a combination of income and capital growth (total return). Specifically, the fund seeks to outperform the JP Morgan Government Bond Global All Maturities Unhedged in USD index.

Nature and Extent of Risks

Investment involves risks. Please refer to the Prospectus for details including the risk factors.
1. Interest rate risk: The Net Asset Value of the fund will be affected depending on fluctuations in interest rates. When interest rates decline, indeed, the market value of fixed-income securities tends to increase, and conversely. A rise in interest rates would have for consequences a depreciation of the funds investments.
2. Credit risk: The fund may invest in fixed-income securities. If the issuer of fixed-income securities default on its obligation, the fund will not recover its investment.
3. Prepayment risk: Regarding to investment in bonds and/or debt instruments, the fund may be exposed to a probability that, if interest rates fall, debtors or mortgagors will pay off their obligations (by refinancing them at lower current rates) thus forcing the fund to reinvest at lower rates.
4. Risk attached to the use of Financial Derivative Instruments (“FDI”): The fund will invest extensively in FDI for hedging and investment purposes. There is no guarantee that the performance of FDI will result in a positive effect for the fund. In adverse situation, the fund’s use of FDI may become ineffective for hedging/investment and the fund may suffer significant losses. Investment in FDI is subject to additional risks, including:
Credit risk and counterparty risk - The fund will be subject to the risk of the inability of any counterparty through or with which the fund conducts the FDI transactions to perform its obligations, whether due to insolvency, bankruptcy or other causes, and thereby exposing the fund to the counterparties’ credit worthiness and their ability to perform and fulfill their financial obligations. Any failure of the counterparties may result in financial loss to the fund.
Liquidity risk - There may be possible absence of a liquid secondary market for any particular FDI at anytime. The fund may be unable to sell illiquid FDI at an advantageous time or price, which may have an adverse impact on the value of the fund.
Valuation risk - The fund is subject to the risk of mispricing or improper valuation of FDI, which may have an adverse impact on the value of the fund.
Volatility risk – FDI tend to be more volatile and less liquid than underlying investments to which they relate, which may have an adverse impact on the value of the fund.
5. CDS risk: The fund may be exposed to a higher level of Credit Risk due to the acquisition of credit default swap (CDS). As the fund can hold CDS as a protection seller, in case of adverse credit event occurred to the reference asset of the CDS, the fund has to make up for the devaluation of the reference asset and may suffer losses.
6. Downgrading risk: Investment grade securities may be subject to the risk of being downgraded to below investment grade securities. In the event of downgrading in the credit ratings of a security or an issuer relating to a security, the fund’s investment value in such security may be adversely affected. The relevant Investment Manager may or may not dispose of the securities, subject to the investment objective of the fund. In the event of investment grade securities being downgraded to below investment grade securities, the relevant Investment Manager of the fund may or may not dispose of the securities if it is in the interests of the shareholders to do so.
7. Exchange rate risk: The fund may have significant exposure to currency position and therefore the fund is subject to exchange rate risk. The currency exposure of the underlying assets (i.e. bonds) may differ from the base currency of the fund, therefore currency exchange rate movements may adversely affect the value of the fund. As the active currency positions implemented by the fund may not be correlated with the underlying assets (i.e. bonds) of the fund, in the event of an adverse currency movement, the fund may suffer significant loss even if there is no loss of the value of the underlying assets (i.e. bonds) invested by the fund and therefore investors may suffer losses.
8. High leverage risk: The fund may have a net leverage exposure of over 100% of its net asset value to
FDI. In adverse situations, this may result in significant loss or total loss of the fund’s assets.
9. Risks related to distribution out of capital: For distribution class, Amundi Funds may at its discretion determine to pay dividends out of income or capital of the fund. In addition, Amundi Funds may at its discretion pay dividends out of gross income while charging / paying all or part of the fund’s fees and expenses to the capital of the fund, resulting in an increase in distributable income for the payment of dividends by the fund, in which case, the fund is effectively paying dividends out of capital. Payment of dividends 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 distributions involving payment of dividends out of the fund’s capital or payment of dividends effectively out of the fund’s capital (as the case may be) may result in an immediate reduction of the net asset value per share of the fund. Amundi Funds may change the fund’s dividend distribution policy to pay dividends out of capital or effectively out of capital of the fund subject to the SFC’s prior approval. For change of distribution policy, not less than one month’s prior notice will be provided to affected Shareholders.

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