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BlackRock Global Funds - Natural Resources Growth & Income Fund A2 Acc USD

貝萊德全球基金 - 天然資源增長入息基金A2 類Acc 美元

LU0612318385

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.

Non-dealing Hours

Dealing Information

Secure Transaction

Derivatives knowledge not required

HKD4,000.00Min. Subscription

1.50%

HKD4,000.00Min. Subscription

USD

HKD4,000.00Min. Subscription

HKD4,000.00

HKD4,000.00

Daily

14:00

2020-10-25

*Not include dividends (If applicable)

Fund Performances (including dividend, if any)

1 mth
+0.14%
3 mth
-7.61%
6 mth
+10.87%
1 yr
-12.76%
3 yr
-15.89%
5 yr
+5.71%

Analytical Figures (3 years)

Annualized Return
-5.61%
Annualized Volatility
+21.92%
Sharpe Ratio
-0.21

Fund Information

Fund Houses
BlackRock Asset Management North Asia Limited
Launch Date
2011-04-14
Fund Manager
Thomas Holl
Skye MacPherson
Alastair Bishop
Manager Start Date
Thomas Holl (Start Date: 2011-04-15) Skye MacPherson (Start Date: 2015-12-01) Alastair Bishop (Start Date: 2016-03-31)
Geographical Focus
Global
Asset Class/ Sector
Equity - Commodity
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 2020-09-29)
USD 76,040,136.393
Management Fee
1.50%
Latest Dividend
N.A.

Sector Leaders

    No Funds

Dealing Information

Secure Transaction

Derivatives knowledge not required

HKD4,000.00Min. Subscription

1.50%

HKD4,000.00Min. Subscription

USD

HKD4,000.00Min. Subscription

HKD4,000.00

HKD4,000.00

Daily

14:00

2020-10-25

Dividend Records

No Dividends

Investment Objective

To achieve capital growth and an above average income by investing at least 70% of its total assets in stocks of companies which have the majority of their business in the natural resources sector, such as companies engaged in mining, energy and agriculture.

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. Equity Risk
The values of equities fluctuate daily and a Fund investing in equities could incur significant losses.
3. Capital Growth Risks
Risks Associated with Income-generating Investment Strategy
The Fund pursues an investment strategy in order to generate income which may reduce the potential for capital growth and future income of the Fund.
Risks Associated with Fees Paid Out of Capital
Any distributions involving payment of dividends out of gross income (i.e. payment of fees and expenses out of capital) (Classes 3, 4 and 5) 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 gross income), which may therefore result in a larger reduction in the net asset value per share.
4. Limited Market Sectors Risks
The Fund’s investments are concentrated in the natural resources sector, which may include investments in commodities-linked exchange traded funds. This may subject the Fund to greater volatility and more rapid cyclical changes than more broad-based investments.
5. 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 may adversely affect the value of the Fund’s assets.
6. 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.
7. Emerging Market Risks
Investment in emerging markets 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.
8. 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.
9. Small Cap Companies Risks
Investment in small cap companies may have higher than average volatility and liquidity risks.
10. 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.
11. Contingent Convertible Bonds Risks
A contingent convertible bond may be converted into the issuer’s equity or be partly or wholly written
off (a “write-down”) if a pre-specified trigger event occurs. Trigger levels differ and the exposure to
conversion risk depends on the distance of the capital ratio to the trigger level. In case of conversion
into equity, the Fund might be forced to sell these new equity shares. Such a forced sale might have
an effect on market liquidity as there may not be sufficient demand for these shares. In the event
of a write-down, which may be either temporary or permanent, the Fund may suffer a full, partial or
staggered loss of the value of its investment. It might be difficult for the Fund to anticipate the
trigger events or how the securities will behave upon conversion.
Investment in contingent convertible bonds may suffer a loss of capital. Further, contingent convertible bonds are usually subordinated to comparable non-convertible securities, and thus are subject to higher risks than other debt securities. Coupon payments on certain contingent convertible bonds may be entirely discretionary and may be cancelled by the issuer, in which event the Fund may experience losses. Investment in contingent convertible bonds may also lead to increased industry concentration risk and thus counterparty risk as such securities are issued by a limited number of banks.