Invesco Pan European Equity Income Fund A Acc EUR

景順泛歐洲股票收益基金 A類 Acc 歐元

LU0267986122

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 / 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
-4.72%
3 mth
-3.02%
6 mth
+9.61%
1 yr
+3.83%
3 yr
+3.21%
5 yr
+5.14%

Analytical Figures (3 years)

Annualized Return
+1.06%
Annualized Volatility
+11.76%
Sharpe Ratio
+0.28

Fund Information

Fund Houses
Invesco Hong Kong Ltd (Offshore Fund Series)
Launch Date
2010-08-10
Fund Manager
Stephanie Butcher
James Goldstone
Manager Start Date
2010-12-26
2014-05-01
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 2020-01-30)
USD 112,535,458.13
Management Fee
1.50%
Latest Dividend
EUR 0.120000 (2009-08-30)

Sector Leaders

    No Funds

Dealing Information

Secure Transaction

Derivatives knowledge not required

HKD10,000.00Min. Subscription

1.50%

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 (EUR)
2009-08-300.120000
2008-08-280.120000

Investment Objective

The Fund aims to generate income together with long-term capital growth, through investing primarily in European equities. The Fund will seek to deliver an above-average gross dividend yield. At least 75% of the total assets of the Fund (after deducting ancillary liquid assets) shall be invested in equity and equity related securities which in the view of the Investment Adviser offer or reflect prospects for dividends and are issued by: (i) companies having their registered office in a European country, (ii) companies with a registered office outside Europe carrying out their business activities predominantly in Europe, or (iii) holding companies, the interests of which are predominantly invested in subsidiary companies with a registered office in a European country.

Nature and Extent of Risks

Investment involves risks. Please refer to the Prospectus for details including the risks factors.
1. Risk of investing in Europe - Since the Fund invests in European equities, the value of the assets of the Fund may be affected by uncertainties such as changes in government policies, taxation, fluctuations in foreign exchange rates, social and religious instability, political, economic or other developments in the law or regulations of Europe which may adversely impact the Fund and/or the interests of investors.
2. 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 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.
3. Investment risk - There can be no assurance that the Fund will achieve its investment objective. There is no guarantee of the repayment of principal. The instruments invested by the Fund may fall in value.
4. Risk relating to those Share Classes denominated/dealt in a different currency than the base currencyġ-
For those classes of Shares denominated/dealt in a different currency than the base currency, due to fluctuations in currency markets, returns to investors, when converted back into the currency in which the investor subscribes and redeems, may be different to the return calculated by reference to the base currency. This means the returns may go down and adversely impact the investors.
Therefore, the value of those investments (when converted to the base currency of that Fund) may fluctuate due to changes in exchange rates. The price of shares/units and the income from them can go down as well as up and investors may not realise their initial investment.
5. Concentration risk - As the Fund will invest in European equities, such concentration in a particular geographical region may lead to higher volatility than more diversified funds.
6. Risk of Eurozone crisis - The Fund may have significant investment exposure to the Eurozone or the Euro. In light of the current concerns on the sovereign debt risk of certain countries within the Eurozone, the Fund’s investments in the region which are denominated in Euro may experience increased volatility. Any adverse events (such as downgrade of the sovereign credit rating or default of a sovereign, or departure of one or more EU member states from the Eurozone resulting in, in particular but not limited to, the European single currency ceasing to exist or currency denomination) may have a negative impact on the value and liquidity of the Fund’s investments, and may ultimately impact the performance of the Fund and/or the interests of investors.
7. Risks associated with payment of dividends out of capital
- In respect of Monthly Distribution-1 share class, investors should note that, the Fund may at its discretion pay dividend out of the capital of this share class. 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 share class’s capital may result in an immediate reduction of the net asset value per share in respect of such share class after the monthly distribution date. Such policy may be amended upon prior approval from the SFC and 1 month’s prior notice to affected shareholders.
- The amount of distributions paid may not be correlated to past income or expected returns of the Monthly Distribution-1 share class. The distribution paid can thus be higher or lower than the income and return earned by the Fund during the distribution period. Monthly Distribution-1 share class may continue to distribute in periods in which the Fund has negative returns or is making losses, which further reduces the net asset value of the relevant Monthly Distribution-1 share class. In extreme circumstances, investors may not be able to get back their original investment amount.
- It is not the intention of the Fund to take exchange rate fluctuations between the currency in which the share class is denominated and the base currency of the Fund (where different) into consideration subsequent to the determination of the stable distribution rate.
- The distribution rate will be determined at the discretion of the Fund and there is no guarantee that a distribution payment will be made and if a distribution payment is made, the dividend rate is not guaranteed.
- Investments in the Monthly Distribution-1 share class do not constitute as an alternative to a savings account or fixed-interest paying investment.
- For Monthly Distribution-1 share class that are currency hedged, the Fund may take into account the return driven by the interest rate differential arising from the currency hedging of such share class in determining the distribution to be paid. This will mean that, where the interest rate differential between the currency in which the hedged Monthly Distribution-1 share class is denominated and the base currency of the Fund is positive, investors may forego capital gains in favour of income distributions. Conversely, in times where the interest rate differential between the currency in which the hedged Monthly Distribution-1 share class is denominated and the base currency of the Fund is negative, then the value of distributions payable may be reduced as a result. Investors should be aware of the uncertainty of relative interest rates, which are subject to change, and that this will have an impact on the return of the hedged Monthly DistributionĮ1 share class. The net asset value of the Monthly Distribution-1 hedged share class may fluctuate and may significantly differ from other share class due to the fluctuation of the interest rate differential between the currency in which the hedged Monthly Distribution-1 share class is denominated and the base currency of the Fund, and investors in such share class may therefore be adversely affected.
8. Risks associated with payment of fees and expenses out of capital - In respect of Semi-annual Distribution – Gross Income share classes, investors should note that, the Fund manager may at its discretion pay dividend out of gross income while charging/paying all or part of the share class’s fees and expenses out of the capital of the share class, resulting in an increase in distributable income for the payment of dividends by the share class and therefore, the share class may effectively pay dividend 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 effectively out of the share class’s capital may result in an immediate reduction of the net asset value per share in respect of such share class after the semi-annual distribution date. Such policy may be amended upon prior approval from the SFC and 1 month’s prior notice to affected shareholders.
9. Risk of investing in financial derivative instruments - Investments of the Fund may be composed of financial derivative instruments used for efficient portfolio management or to attempt to hedge or reduce the overall risk of its investments. Should the Investment Adviser’s expectations in employing techniques and financial derivative instruments for efficient portfolio management and hedging purposes be incorrect or ineffective, the Fund may suffer a substantial loss having an adverse effect on the net asset value of the Shares. Since financial derivative instruments may be geared instruments, their use may result in greater fluctuations of the net asset value of the Fund.

Manage your asset round-the-clock

Hotline

852
3896 3896

1501, 15/F, 101 King's Road,
North Point, Hong Kong

Mon - Fri (excluding public holidays)
09:00 - 18:00

Copyright © 2020 Noble Apex Advisors Limited. All Rights Reserved.