Schroder International Selection Fund - Frontier Markets Equity Fund A Acc USD

施羅德環球基金系列 - 新領域股票基金 A類 Acc 美元

LU0562313402

Risk Rating: Level 5

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 five (5) or six (6), these are mainly aimed at providing capital appreciation to investors by investing primarily in single market equities, single industry equities or derivatives 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

1.50%

HKD10,000.00Min. Subscription

HKD / JPY / EUR / GBP / RMB / USD

HKD10,000.00Min. Subscription

HKD10,000.00

HKD10,000.00

Daily

16:30

-

*Not include dividends (If applicable)

Fund Performances (including dividend, if any)

1 mth
+1.27%
3 mth
-4.45%
6 mth
+2.66%
1 yr
+6.67%
3 yr
+12.26%
5 yr
-8.27%

Analytical Figures (3 years)

Annualized Return
+3.93%
Annualized Volatility
+12.29%
Sharpe Ratio
+0.20

Fund Information

Fund Houses
Schroder Investment Management (HK) Ltd
Launch Date
2010-12-14
Fund Manager
Rami Sidani
Tom Wilson
Manager Start Date
Rami Sidani (Start Date: 2010-12-15) Tom Wilson (Start Date: 2011-11-23)
Geographical Focus
Emerging Markets
Asset Class/ Sector
Equity - All cap
Risk Rating
Risk Level 5

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 five (5) or six (6), these are mainly aimed at providing capital appreciation to investors by investing primarily in single market equities, single industry equities or derivatives etc. For more details, please refer to the Due Diligence section under the Procedures page.

Fund AUM(As of 2019-11-13)
USD 926,684,016.98
Management Fee
1.50%
Latest Dividend
N.A.

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 / RMB / USD

HKD10,000.00Min. Subscription

HKD10,000.00

HKD10,000.00

Daily

16:30

-

Dividend Records

No Dividends

Investment Objective

The fund aims to provide capital growth by investing in equity and equity related securities of frontier markets companies.

Nature and Extent of Risks

Investment involves risk. Please refer to the offering document for details including the risk factors.
1. Equity investment risk
Investment in equity securities is subject to the risk that the market value of the stocks may go down as well as up due to numerous factors such as changes in investment sentiment, political environment, economic environment, issuer-specific factors, regional or global economic instability, currency and interest rate fluctuations. If the market value of the stocks go down the net asset value of the fund may be adversely affected.
2. Frontier markets risk
Frontier market countries generally have smaller economies or less developed capital markets than traditional emerging markets, and, as a result, the risks of investing in emerging market countries are magnified in frontier countries. Investing in frontier markets is generally subject to the risks of investing in the emerging and less developed markets, which are different from or greater than risks of investing in the securities of developed countries. Such risks include:
– Ownership and custody risks – In certain emerging and less developed countries, no certificates representing shareholdings in companies will be held by the custodian or any of its local correspondents or in an effective central depository system. The fund may lose its registration and ownership of the securities through fraud, negligence or even mere oversight as a result of this system and the lack of effective state regulation and enforcement, and hence interests of shareholders of the fund may be adversely affected.
– Political and economic risks – Emerging market securities may be subject to greater social, economic and political uncertainty and instability and more substantial governmental involvement in the economy.
– Market and settlement risks – Although securities in which the fund may invest are traded on securities exchanges, they may trade in limited volume and may encounter settlement systems that are less well organized than those of developed markets.
– Liquidity and volatility risk – Securities markets with smaller market capitalisation may suffer periods of relative illiquidity and significant price volatility.
– Legal and regulatory risks – Supervisory authorities may be unable to apply standards that are comparable with those in developed markets. Some emerging and less developed market countries may have less governmental supervision and regulation, less uniform auditing and financial reporting standards which may result in unavailability of material information about issuers, less developed legal systems and less well-defined tax laws and procedures. Hence, interests of shareholders of the fund may be adversely affected.
– Execution and counterparty risk – There may be risks that settlement may be delayed and that cash or securities belonging to the fund may be in jeopardy because of failures of or defects in the settlement systems or because of defects in the administrative operations of counterparties. Such counterparties may lack the substance or financial resources of similar counterparties in a developed market.
– Currency risk – Assets of the fund may be denominated in currencies other than US dollar and some may not be freely convertible. It may not be practicable or possible to hedge against foreign exchange or currency risk exposure of the fund.
3. Smaller companies risk
Fund invests in smaller companies may fluctuate in value more than other funds and may be more vulnerable to adverse developments than those in larger companies. During periods where markets are falling, securities of smaller companies may become less liquid and experience short-term price volatility and wide spreads between dealing prices.
4. FDI
The fund may use FDI to meet its specific investment objective. There is no guarantee that the performance of FDI will result in a positive effect for the fund. FDI exposure may lead to a high risk of significant capital loss. Risks associated with FDI include credit risk and counterparty risk, liquidity risk, valuation risk, volatility risk, over-the-counter transaction risks and hedging risk. The leverage element/component of an FDI can result in a loss significantly greater than the amount invested in the FDI by the fund. There is no guarantee that the desired hedging instruments will be available or hedging techniques will achieve their desired result. In adverse situations, the use of hedging instruments may become ineffective in hedging and the fund may suffer significant losses.
5. Performance fee risk
– Performance fees may encourage the investment manager of the fund to make riskier investments than would be the case in the absence of a performance-based incentive system.
– Performance fee of the fund is calculated with reference to the outperformance per share (as described in the “Performance fee” section below). Given there is no equalisation arrangement for the calculation of the performance fee, in the event of outperformance, investors are subject to a performance fee regardless a loss in investment capital has been suffered by the investors.
– In addition, performance fees may be paid on unrealised gains which may never be realised by the fund.
6. Concentrated geographical locations
The fund investing in concentrated geographical locations may be subject to a higher level of risks comparing to a fund investing in a more diversified portfolio/strategy. The value of the fund may be more susceptible to adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory event affecting the relevant geographical locations.
7. Risks relating to distributions
– For distribution share classes with a general dividend policy, expenses will be paid out of capital rather than out of gross income. The amount of distributable income therefore increases and the amount so increased may be considered to be dividend paid out of capital; capital growth will be reduced and in periods of low growth capital erosion may occur.
– Distribution share classes with a fixed dividend policy will distribute the dividends based on a fixed amount or fixed percentage of the net asset value per share. This may result in share classes with fixed distributions either paying out both income and capital in distribution payments, or not substantially distributing all the investment income which a share class has earned.
– You should note that in the circumstances where the payment of distributions are paid out of capital, this represents and amounts to a return or withdrawal of part of the amount you originally invested or capital gains attributable to that and may result in an immediate decrease in the net asset value of shares.
8. Currency risks
Assets and share classes may be denominated in currencies other than USD and some may not be freely convertible. The fund may be adversely affected by changes in foreign exchange rates and exchange rate controls of the currencies in which securities are held, the reference currencies of the share classes and the US Dollar. This exposes all share classes of the fund to exchange rate fluctuations and currency risk. It may not be practicable or possible to hedge against such foreign exchange/currency risk exposure.

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