BlackRock Global Funds - Asian Tiger Bond Fund A3 MDis USD

貝萊德全球基金 - 亞洲老虎債券基金 A3類 MDis 美元

LU0172393414

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.

Dealing Hours

Dealing Information

Secure Transaction

Derivatives knowledge not required

HKD4,000.00Min. Subscription

1.00%

HKD4,000.00Min. Subscription

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
+0.21%
3 mth
+0.56%
6 mth
+4.19%
1 yr
+12.08%
3 yr
+13.91%
5 yr
+21.72%

Analytical Figures (3 years)

Annualized Return
+4.44%
Annualized Volatility
+3.58%
Sharpe Ratio
+0.55

Fund Information

Fund Houses
BlackRock Asset Management North Asia Limited
Launch Date
1996-02-01
Fund Manager
Neeraj Seth
Manager Start Date
Neeraj Seth (Start date: 2012-07-31)
Geographical Focus
Asia Pacific ex Japan
Asset Class/ Sector
Fixed Income - Hybrid
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 2019-10-30)
USD 3,260,186,567.433
Management Fee
1.00%
Latest Dividend
USD 0.037700 (2019-10-30)

Sector Leaders

    No Funds

Dealing Information

Secure Transaction

Derivatives knowledge not required

HKD4,000.00Min. Subscription

1.00%

HKD4,000.00Min. Subscription

USD

HKD4,000.00Min. Subscription

HKD4,000.00

HKD4,000.00

Daily

16:30

-

Dividend Records

Dividend DateDividend Records (USD)
2019-10-300.037700
2019-09-290.037700
2019-08-290.037100
2019-07-300.042300
2019-06-270.036200
2019-05-300.043577
2019-04-290.046510
2019-03-280.041510
2019-02-270.037368
2019-01-300.040936
2018-12-300.041228
2018-11-290.038001
2018-10-300.042917
2018-09-270.034369
2018-08-300.038819
2018-07-300.039129
2018-06-280.033596
2018-05-300.036853
2018-04-290.036231
2018-03-280.032080
2018-02-270.031658
2018-01-300.035081
2017-12-280.029159
2017-11-290.028809
2017-10-300.031335
2017-09-280.028450
2017-08-300.031407
2017-07-300.031302
2017-06-290.028428
2017-05-300.033258
2017-04-270.028894
2017-03-300.032876
2017-02-270.027411
2017-01-300.029543
2016-12-290.029519
2016-11-290.028244
2016-10-300.030221
2016-09-290.029694
2016-08-300.032572
2016-07-280.027307
2016-06-290.028478
2016-05-300.029935
2016-04-280.028653
2016-03-300.026238
2016-02-280.031147
2016-01-280.032594
2015-12-300.036254
2015-11-290.037043
2015-10-290.036154
2015-09-290.037224
2015-08-300.039284
2015-07-300.041767
2015-06-290.048462
2015-05-280.038260
2015-04-290.041296
2015-03-300.046803
2015-02-260.039996
2015-01-290.039182
2014-12-300.046005
2014-11-270.036365
2014-10-300.038643
2014-09-290.039385
2014-08-280.034310
2014-07-300.039370
2014-06-290.038003
2014-05-290.036251
2014-04-290.036212
2014-03-300.036121
2014-02-270.032116
2014-01-300.034232
2013-12-300.040916
2013-11-280.036958
2013-10-300.039260
2013-09-290.036661
2013-08-290.036812
2013-07-300.034328
2013-06-270.028101
2013-05-300.037333
2013-04-290.038770
2013-03-270.033067
2013-02-270.034713
2013-01-300.034442
2012-12-300.035733
2012-11-290.035350
2012-10-300.041198
2012-09-270.035631
2012-08-300.036211
2012-07-300.036763
2012-06-280.036360
2012-05-300.038286
2012-04-290.038650
2012-03-290.039153
2012-02-280.039328
2012-01-300.041828
2011-12-290.037982
2011-11-290.037970
2011-10-300.039571
2011-09-290.040127
2011-08-300.040092
2011-07-280.035433
2011-06-290.037432
2011-05-300.042067
2011-04-280.037110
2011-03-300.038508
2011-02-270.034475
2011-01-300.038398
2010-12-300.035855
2010-11-290.034988
2010-10-280.036359
2010-09-290.026888
2010-08-300.031706
2010-07-290.034101
2010-06-290.038257
2010-05-300.040247
2010-04-290.039873
2010-03-300.044873
2010-02-250.040419
2010-01-280.039280
2009-12-300.042475
2009-11-290.042649
2009-10-290.037006
2009-09-290.036195
2009-08-300.039288
2009-07-300.035406
2009-06-290.041890
2009-05-280.039781
2009-04-290.039950
2009-03-300.044045
2009-02-260.039716
2009-01-290.038934
2008-12-300.046600
2008-11-270.042743
2008-10-300.056108
2008-09-290.040868
2008-08-280.038728
2008-07-300.041815
2008-06-290.044092
2008-05-290.039229
2008-04-290.044199
2008-03-300.040115
2008-02-280.037402
2008-01-300.027450
2007-12-300.061004
2007-11-290.041688
2007-10-300.054499
2007-09-270.042178
2007-08-300.042928
2007-07-300.055816
2007-06-280.046996
2007-05-300.042200
2007-04-290.037760
2007-03-290.038566
2007-02-270.035873
2007-01-300.033576
2006-12-280.041218
2006-11-290.042917
2006-10-300.050053
2006-09-280.045006
2006-08-300.047000
2006-07-300.052300
2006-06-290.048300
2006-05-300.060900
2006-04-270.045500
2006-03-300.040000
2006-02-270.041600
2006-01-300.046200
2005-12-290.048500
2005-11-290.050700
2005-10-300.045500
2005-09-290.040300
2005-08-300.048000
2005-07-280.048200
2005-06-290.052900
2005-06-280.052900
2005-05-300.046800
2005-04-280.043800
2005-03-300.046728
2005-02-270.043600
2005-01-300.045900
2003-11-270.039800
2003-10-300.041160
2003-09-290.046420

Investment Objective

To maximise total return by investing at least 70% of the Fund’s assets in bonds (including non-investment grade* bonds), issued by governments/authorities of, and companies based or with the majority of their business in, Asian Tiger countries**.

Nature and Extent of Risks

Investment involves risks. Please refer to the offering document for details including the risk factors.
1. Investment Risks
The Fund is an investment fund. The Fund’s investment portfolio may fall in value due to any of the risk factors below and therefore your investment in the Fund may suffer losses.
2. Credit Risks
The Fund may be exposed to the credit/default risk of bonds that it invests in. In the event of bankruptcy or default of an issuer, the Fund may experience losses and incur costs.
The actual or perceived downgrading of a rated debt security or its issuers could decrease its value and liquidity, and may have an adverse impact on the Fund, however, the Fund may continue to hold it to avoid a distressed sale.
3. Emerging Market Risks
Investment in emerging markets (including certain Asian countries) may be subject to a higher than average volatility than more developed markets due to greater political, tax, economic, social, and foreign exchange risks.
The size and trading volume of securities markets in emerging markets may be substantially smaller than developed markets. This may subject the Fund to higher liquidity and volatility risks.
Custody and registration of assets in emerging markets may be less reliable than in developed markets, which may subject the Fund to higher settlement risk.
The Fund may be subject to higher regulatory risks due to low level of regulation, enforcement of regulations and monitoring of investors’ activities in emerging markets.
4. Interest Rate Risks
An increase in interest rates may adversely affect the value of the bonds held by the Fund.
5. Non-Investment Grade/Unrated Bonds Risks
Investment in non-investment grade or unrated bonds, including sovereign debts, may subject the Fund to higher credit/default risks. If the issuer of the non-investment grade or unrated bonds defaults, or if the non-investment grade or unrated bonds fall in value, investors may suffer significant losses.
Non-investment grade or unrated bonds tend to be less liquid and more volatile, and the market for these bonds is generally less liquid and more volatile, than higher rated fixedincome securities. Adverse events or market conditions may have a larger negative impact on the prices of non-investment grade or unrated bonds than on higher rated fixed-income securities. Such securities are also subject to a greater risk of loss of principal and interest than higher rated fixed-income securities.
6. Sovereign Debt Risks
Investment in bonds issued or guaranteed by governments or authorities may involve political, economic, default, or other risks, which may in turn have an adverse impact on the Fund. Due to these factors, the sovereign issuers may not be able or willing to repay the principal and/or interest when due.
Holders of defaulting sovereign debt may be requested to participate in the restructuring of such debt. In addition, there may be limited legal recourses available against the sovereign issuer in case of failure of or delay in repayment.
7. Currency Risks
The Fund may invest in assets denominated in a currency other than the base currency of the Fund. Changes in exchange rates between such currency and the base currency and changes in exchange rate controls may adversely affect the value of the Fund’s assets.
The Investment Adviser may utilise techniques and instruments (e.g. currency overlays) in relation to currencies other than the base currency with the aim of generating positive returns. Any active currency management techniques implemented by the Fund may not be correlated with the underlying securities held by the Fund. As a result, the Fund may suffer significant losses even if there is no loss to the value of the underlying securities held by the Fund.
8. Derivatives Risks
In an adverse situation, if the use of derivatives for hedging and efficient portfolio management becomes ineffective, the Fund may suffer significant losses.
9. Distressed Securities Risks
Investment in securities issued by a company that is in financial difficulty or in default involves significant risk. There is no guarantee that any exchange offer or reorganisation will be successfully completed.
10. Foreign Investments Restrictions Risks
Some countries prohibit or restrict investment, or the repatriation of income, capital or the proceeds from sale of securities. The Fund may incur higher costs investing in these countries.
Such restrictions may delay the investment or repatriation of capital of the Fund.
11. Geographical Concentration Risks
The Fund’s investments are concentrated in Asian Tiger countries. This may result in greater volatility than more broad-based investments. The value of the Fund may be more susceptible to adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory event affecting Asia excluding Japan.
12. Capital Growth Risks
Risks Associated with Fees and/or Dividends Paid Out of Capital
Any distributions involving payment of dividends out of capital (Classes 6 and 8), payment of dividends out of gross income (i.e. payment of fees and expenses out of capital) (Classes 6 and 8) or payment of implied interest rate differentials arising from share class currency hedging as dividends (Class 8) amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment. Whilst all dividends paid result in an immediate reduction of the net asset value per share, these share classes may pay larger dividends (i.e. by paying dividends out of capital, gross income or interest rate differentials arising from share class currency hedging gains (if any)), which may therefore result in a larger reduction in the net asset value per share.
Payment of Dividends From Implied Interest Rate Differentials
For Distributing (R) Shares (Class 8), any dividends payable may include interest rate differentials arising from share class currency hedging gains/losses which may increase/ decrease dividends paid. Shareholders of such Distributing (R) Shares will forego capital gains as any currency hedging gains are distributed rather than added to capital. Conversely, currency hedging losses may decrease the dividends paid, and in extreme cases may deduct from capital.
13. Liquidity Risks
The size and trading volume of securities in the markets relevant to the Fund may be substantially smaller than developed markets. This may lead to investments in such securities becoming less liquid, making it difficult to dispose of them which may reduce the Fund’s returns/lead to losses for investors.
14. Securities Lending Risks
When engaging in securities lending, the Fund will have a credit risk exposure to the counterparties to any securities lending contract. Fund investments can be lent to counterparties over a period of time. A default by the counterparty combined with a fall in the value of the collateral below that of the value of the securities lent may result in a reduction in the value of the Fund.

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