Invesco Global Income Real Estate Securities Fund A Dis USD

景順天下地產收益基金 A類 Dis 美元

LU0367025839

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

HKD10,000.00Min. Subscription

1.25%

HKD10,000.00Min. Subscription

HKD / JPY / EUR / GBP / USD

HKD10,000.00Min. Subscription

HKD10,000.00

HKD15,000.00

Daily

16:30

-

*Not include dividends (If applicable)

Fund Performances (including dividend, if any)

1 mth
-0.88%
3 mth
+1.98%
6 mth
+3.33%
1 yr
+11.03%
3 yr
+19.66%
5 yr
+18.04%

Analytical Figures (3 years)

Annualized Return
+6.17%
Annualized Volatility
+6.82%
Sharpe Ratio
+0.64

Fund Information

Fund Houses
Invesco Hong Kong Ltd (Offshore Fund Series)
Launch Date
2008-10-30
Fund Manager
Joe Rodrigguez
James Cowen
Paul S. Curbo
Manager Start Date
2008-10-31
2018-06-30
2008-10-31
Geographical Focus
Global
Asset Class/ Sector
Equity - Traditional sectors
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 2019-10-30)
USD 56,455,397
Management Fee
1.25%
Latest Dividend
USD 0.048300 (2019-09-01)

Sector Leaders

    No Funds

Dealing Information

Secure Transaction

Derivatives knowledge not required

HKD10,000.00Min. Subscription

1.25%

HKD10,000.00Min. Subscription

HKD / JPY / EUR / GBP / USD

HKD10,000.00Min. Subscription

HKD10,000.00

HKD15,000.00

Daily

16:30

-

Dividend Records

Dividend DateDividend Records (USD)
2019-09-010.048300
2019-06-020.060600
2019-02-280.033900
2018-12-020.047900
2018-09-020.037100
2018-05-310.069900
2018-02-280.044500
2017-11-300.055400
2017-08-310.040300
2017-05-310.066100
2017-02-280.031100
2016-11-300.044600
2016-08-310.049100
2016-08-300.049100
2016-05-310.062300
2016-02-290.049200
2015-11-300.042000
2015-08-310.060500
2015-05-310.059100
2015-03-010.043100
2014-11-300.041700
2014-08-310.056400
2014-06-010.067500
2014-03-020.058800
2013-12-010.053300
2013-09-010.074300
2013-06-020.074000
2013-02-280.066600
2012-12-020.056400
2012-09-020.086100
2012-05-310.098300
2012-02-290.043324
2011-11-300.054500
2011-08-310.065800
2011-05-310.125800
2011-02-280.029000
2010-11-300.017800
2010-08-310.020600
2010-05-310.037300
2010-02-280.031100
2009-11-300.034300
2009-08-310.029900
2009-08-300.029900
2009-06-010.037600
2009-05-280.037600
2009-03-010.049100
2008-10-010.070700
2008-07-010.104900
2008-03-310.092500
2008-01-010.067900
2007-10-010.041200
2007-07-020.194800
2007-04-010.055300
2007-01-010.074100
2006-10-010.045300
2006-07-020.090200
2006-04-020.071400
2006-01-020.109400

Investment Objective

The objective of the Fund is to generate income and to a lesser extent to achieve long-term capital appreciation by investing in a diversified portfolio of securities of companies and other entities engaged in the real estate sector worldwide. The Fund seeks to achieve its objective through investing primarily (at least 70% of the net asset value of the Fund) in equity, equity related and/or debt securities issued by companies and other entities which derive the predominant part of their revenues from activities related to real estate worldwide including real estate investment trusts (“REITs”), REIT-like companies and other real estate operating companies worldwide.

Nature and Extent of Risks

Investment involves risks. Please refer to the Prospectus for details including the risks factors. ƒ
1. General investment risk
There can be no assurance that the Fund will achieve its investment objective. The instruments invested by the Fund 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. ƒ
2. Currency exchange risk
The Fund’s assets may be invested in securities 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. The net asset value of the Fund may be affected unfavorably by fluctuations in the exchange rates between these currencies and the base currency and by changes in exchange rate controls. ƒ
3. Volatility risk - Investors should note that volatility in the Fund’s investment portfolio may result in large fluctuations in the net asset value of the Fund which may adversely affect the net asset value per share of the Fund and investors may as a result suffer losses. ƒ
4. Equities risk
The value of, and income derived from, equity securities held may fall as well as rise and the Fund may not recoup the original amount invested in such securities. The prices of and the income generated by equity securities may decline in response to certain events, including the activities and results of the issuer, general political, economic and market conditions, regional or global economic instability and currency and interest rate fluctuations. Thus, this may adversely impact the Fund and/or the interests of investors. ƒ
5. Credit risk
Investment in bonds, debt or other fixed income securities (including corporate and sovereign bonds) are subject to the risk that issuers do not make payments on interest and principal of such securities. An issuer suffering from an adverse change in its financial condition could lower the quality of a security leading to greater price volatility on that security.
Securities which were investment grade at the time of acquisition may be downgraded. The risk of any such downgrading will vary over time. The Fund’s investment policy does not specifically require the Fund to sell such securities if they should fall below investment grade. Besides, the Investment Manager and/or Investment Sub-manager (if applicable) may or may not be able to dispose of the debt instruments that are being downgraded. Investments in below investment grade securities carry a higher risk of default and therefore may adversely impact the Fund and/or the interests of investors. ƒ
6. Interest rate risk
The bonds or fixed income securities that the Fund invests in may fall in value if the interest rates change and this will adversely impact the net asset value of the Fund. In general, the prices of debt securities rise when interest rates fall, whilst their prices fall when interest rates rise. Longer term debt securities are usually more sensitive to interest rate changes. ƒ
7. Liquidity risk
The Fund may be adversely affected by a decrease in market liquidity for the securities in which it invests where some of the Fund’s securities may become illiquid and the Fund may experience difficulties in selling securities at a fair price within a timely manner. ƒ
8. 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. ƒ
9. Risk associated with collateralised and/or securitised products
The Fund may invest in asset backed securities/mortgage backed securities which may be highly illiquid and prone to substantial price volatility. These instruments may be subject to greater credit, liquidity and interest rate risk compared to other debt securities. They are often exposed to extension and prepayment risks and risks that the payment obligations relating to the underlying assets are not met, which may adversely impact the returns of the securities. ƒ
10. Concentration risk
As the Fund will invest primarily in equity, equity related and/or debt securities issued by companies and other entities which derive the predominant part of their revenues from activities related to real estate worldwide, such concentration may exhibit a higher than usual degree of risk and the Fund may be subject to above average volatility. The diversification benefits that would ordinarily accrue from investment in a fund having a more diverse portfolio of investments, may not apply to this Fund. ƒ
11. Sovereign debt risk
The Fund’s investment in securities issued or guaranteed by governments may be exposed to political, social and economic risks. In adverse situations, the sovereign issuers may not be able or willing to repay the principal and/or interest when due or may request the Fund to participate in restructuring such debts. The Fund may suffer significant losses when there is a default of sovereign debt issuers.
12. Risk of investing in REITs
The Fund does not invest directly in real estate and insofar as it directly invests in REITs, any dividend policy or dividend payout at the Fund level may not be representative of the dividend policy or dividend payout of the relevant underlying REIT. The relevant underlying REIT may not necessarily be authorised by the CSSF and/or the Securities and Futures Commission (“SFC”) in Hong Kong.
Please note that the Fund is authorised under the SFC’s Code on Unit Trusts and Mutual Funds and not under the SFC’s Code on Real Estate Investment Trusts. CSSF and/or SFC authorisation does not imply official approval or recommendation. ƒ
13. Risk of investing in financial derivative instruments (“FDI”) for efficient portfolio management and hedging purposes
Investments of the Fund may be composed of FDI used for efficient portfolio management or to attempt to hedge or reduce the overall risk of its investments. Risks associated with FDI include counterparty/credit risk, liquidity risk, valuation risk, volatility risk and over-the-counter transaction risk. The leverage element/component of a FDI can result in a loss significantly greater than the amount invested in the FDI by the Fund. Exposure to FDI may lead to a high risk of significant loss by the Fund. ƒ
14. Risks associated with payment of dividends and/or fees and expenses out of 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 net asset value per share in respect of such share class after the monthly distribution date.

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