BNP Paribas Funds Global Inflation-Linked Bond Classic Dis EUR

法巴全球通脹掛鈎債券基金 經典 Dis 歐元

LU0249332452

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 HoursComplex

Dealing Information

Secure Transaction

Derivatives knowledge required

HKD4,000.00Min. Subscription

0.75%

HKD4,000.00Min. Subscription

EUR

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
-1.06%
3 mth
-3.95%
6 mth
+1.65%
1 yr
+4.47%
3 yr
+2.70%
5 yr
+8.77%

Analytical Figures (3 years)

Annualized Return
+0.89%
Annualized Volatility
+4.53%
Sharpe Ratio
+0.15

Fund Information

Fund Houses
BNP Paribas Asset Management
Launch Date
2006-07-24
Fund Manager
Jenny Yiu
Manager Start Date
31/5/2007
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 2019-11-17)
EUR 158,343,862.06
Management Fee
0.75%
Latest Dividend
EUR 1.310000 (2016-04-21)

Sector Leaders

    No Funds

Dealing Information

Secure Transaction

Derivatives knowledge required

HKD4,000.00Min. Subscription

0.75%

HKD4,000.00Min. Subscription

EUR

HKD4,000.00Min. Subscription

HKD4,000.00

HKD4,000.00

Daily

16:30

-

Dividend Records

Dividend DateDividend Records (EUR)
2016-04-211.310000
2011-06-161.160000
2010-06-171.600000
2009-06-212.200000
2008-06-231.950000
2007-06-241.800000

Investment Objective

To increase the value of its assets over the medium term.

Nature and Extent of Risks

Investment involves risks. Please refer to the offering document for details including the risk factors.
Derivative Risk
The sub-fund may enter into financial derivative instruments (“FDIs”) extensively for investment and hedging purposes. The use of FDIs may involve risks including:
the counterparty to the derivative transaction is unable to meet or defaults on its obligations;
high volatility of derivatives;
the incorrect valuation or pricing of derivatives;
the degree of leverage inherent in trading of derivatives. Accordingly, a relatively small price movement in derivatives may result in an immediate and substantial loss to the sub-fund;
the possible absence of a liquid market for any particular instrument at any particular time; and
the success of the sub-fund’s hedging strategy will depend, in part, upon the investment manager’s ability to assess correctly the degree of correlation between the performance of the instruments used in the hedging strategy and the performance of the portfolio investments being hedged.
Should the use of FDIs for investment and hedging be ineffective or unsuccessful, the sub-fund may suffer a substantial loss, having an adverse effect on its net asset value.
Risk in connection with Investments in Inflation-Linked Bonds
The sub-fund invests in inflation-linked bonds. Compared to traditional fixed-income securities, a lowerthan expected inflation rate will lead to an underperformance of inflation-linked bonds. The inflation-linked bond market is currently relatively small. If there are major changes on the demand or supply side, this could have a more significant impact than on mature markets. Besides, the value of the assets of the subfund may be affected by uncertainties such as fluctuations in foreign exchange rates.
High Leverage Risk
The sub-fund may have a net leveraged exposure of over 100% of the NAV of the sub-fund. In adverse situation, this may result in significant or total loss of the sub-fund.
Emerging Market Risk
The sub-fund may invest in emerging markets (examples of emerging countries include China, India, Indonesia, Korea, Chile, Hungary, Mexico and Poland etc.). Investing in emerging markets is likely to be subject to a higher than average volatility, less liquidity and greater sensitivity than investing in more developed markets due to, among other factors, greater uncertainty, greater political, tax, economic, social, foreign exchange, liquidity and regulatory risks. The price fluctuations of the investments are often amplified in the short term and the value of investments of the sub-fund may go down.
Interest Rate Risk
The value of an investment may be affected by interest rate fluctuations. Interest rates may be influenced by several elements or events, such as monetary policy, the discount rate, inflation, etc. An increase in interest rates may result in a decrease in the value of investments in bonds and debt instruments and the value of investments of the sub-fund may go down.
Credit Risk
The ability of bond issuer to honour its commitments depends on the financial condition of the issuer. An adverse change in the financial condition of the issuer could lower the quality of the bonds, leading to greater price volatility of the bonds. The sub-fund may subject to the risk that the bond issuer not making payment on interest and principal of the bonds, causing the value of the investment to go down.
In the event of the default of bond issuer, the sub-fund may experience both delays in liquidating the bonds and losses including a decline in value of the bonds during the period when the sub-fund seeks to enforce its rights.
Downgrades of a rating of bond issue or issuer may lead to a drop in the value of bonds in which the subfund has invested. Such bonds may have less liquidity, making it more difficult to sell and their values may be more volatile.
Counterparty Risk
This risk is associated with the ability of a counterparty in a financial transaction to fulfil its commitments like payment, delivery and reimbursement. The sub-fund may be exposed to significant losses in the event of a counterparty default.
Risk in connection with Investments in Non-Investment Grade and/or Unrated Debt Securities
The sub-fund may invest in non-investment grade and/or unrated debt securities. Investing in noninvestment grade and/or unrated debt securities may subject the sub-fund to higher credit risk/risk of default than investment grade debt securities. The sub-fund may be exposed to significant losses if the issuers of securities of the sub-fund default payments. The market of non-investment grade and/or unrated debt securities may be less active, making it more difficult to sell the securities. Valuation of such securities is more difficult and thus the sub-fund’s price may be more volatile.
Risk in connection with Investments in Sovereign Debt
The sub-fund may invest in sovereign debt. Investment in sovereign debt issued or guaranteed by governments or governmental entities largely in-debt involves a higher degree of risk. The governmental entity that controls the repayment of sovereign debt may not be able or willing to repay the principal and/or interest when due in accordance with the terms of such debt. The value of investments of the subfund may be adversely affected.
Risk related to Investments in Some Countries
Investments in some countries (China, India, Indonesia, Japan, Saudi Arabia and Thailand) involve risks linked to the restrictions imposed on foreign investors and counterparties, higher market volatility and the risk of lack of liquidity.
Risk relating to repurchase agreements
In the event of the failure of the counterparty with which collateral has been placed, the sub-fund may suffer loss as there may be delays in recovering collateral placed out or the cash originally received may be less than the collateral placed with the counterparty due to inaccurate pricing of the collateral or market movements.
Risk relating to reverse repurchase agreements
In the event of the failure of the counterparty with which collateral has been placed, the sub-fund may suffer loss as there may be delays in recovering cash placed out or difficulty in realising the collateral or proceeds from the sale of the collateral may be less than the cash placed with the counterparty due to inaccurate pricing of the collateral or market movements.
Liquidity Risk
Investments made by the sub-fund may become illiquid. It may not be possible to sell or buy these investments quickly enough to prevent or minimize a loss in the sub-fund.
Currency Exchange Risk
The sub-fund may hold assets denominated in currencies that differ from the base currency, and may be affected by exchange rate fluctuations between the base currency and the other currencies and by changes in exchange rate controls. A depreciation of the denomination currency will lead to a depreciation in the exchange value of the security. When the manager is willing to hedge the currency exchange risk of a transaction, there is no guarantee that such operation will be completely effective and the sub-fund’s value may be adversely affected.
Operational & Custody Risk
Some markets are less regulated than most of the international markets; hence, the services related to custody and liquidation for the sub-fund on such markets could be more risky. In the event of a custodian default, the sub-fund may suffer a delay in recovering its assets, pending the resolution of the relevant default or bankruptcy proceedings.
Risk in connection with Dividend Payment
The Management Company may at its discretion pay dividends out of the capital of the sub-fund. 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 sub-fund’s capital may result in an immediate reduction of net asset value per share. The Management Company may amend the dividend policy subject to the SFC’s prior approval and by giving not less than one month’s notice to investors.
Investment Risk
When investing in a fund, there is a risk that the final outcome may deviate from the initial expectations.
The sub-fund’s investment portfolio may fall in value and therefore may suffer losses. In addition, there is no guarantee of principal repayment.

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