New Capital Wealthy Nations Bond Fund USD Ord Acc

創凱富國債券基金 Ord類 Acc 美元

IE00B8HR5X72

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

HKD4,000.00Min. Subscription

1.25%

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
+1.64%
3 mth
+3.53%
6 mth
+3.76%
1 yr
+14.47%
3 yr
+20.13%
5 yr
+31.91%

Analytical Figures (3 years)

Annualized Return
+6.30%
Annualized Volatility
+3.77%
Sharpe Ratio
+1.21

Fund Information

Fund Houses
New Capital UCITS Fund Plc (EFG Asset Management (UK) Ltd)
Launch Date
2011-11-14
Fund Manager
Michael Leithead
Manager Start Date
Michael Leithead (Mgr Start Date 2009-09-18)
Geographical Focus
Global
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 2020-02-24)
USD 1,295,058,786
Management Fee
1.25%
Latest Dividend
N.A.

Sector Leaders

    No Funds

Dealing Information

Secure Transaction

Derivatives knowledge not required

HKD4,000.00Min. Subscription

1.25%

HKD4,000.00Min. Subscription

USD

HKD4,000.00Min. Subscription

HKD4,000.00

HKD4,000.00

Daily

16:30

-

Dividend Records

No Dividends

Investment Objective

The Sub-Fund's investment objective is to seek long term appreciation through a combination of capital growth and income.
The Sub-Fund shall invest at least 70%, and may invest up to 100%, of its net asset value (“NAV”) in medium to long term international debt securities.

Nature and Extent of Risks

Investment involves risks. Please refer to the offering document for details including the risk factors.
1. Investment Risk
The investment objective of the Sub-Fund may not be achieved. There is no guarantee that investors will receive their original principal investment back. There is also no guarantee of dividend or distribution payment.
2. Debt Securities Risk
Debt securities, such as notes and bonds are subject to the risk of an issuer’s inability to meet principal and interest payments on the obligation, and may also be subject to price volatility due to such factors as interest rate sensitivity, market perception of the creditworthiness of the issuer and general market liquidity (liquidity risk). Interest rate risk – The value of the Sub-Fund’s investment may be affected by interest rate fluctuations which may be influenced by several elements or events, such as monetary policy, the discount rate, inflation, etc. An increase in interest rates will generally reduce the value of fixed-income securities, whilst a decline in interest rates will generally increase the value of fixed-income securities. Changes in fiscal policy, such as interest rate policies, may have an adverse impact on the pricing of debt securities and, thus, the return of the Sub-Fund. Credit risk – There can be no assurance that issuers of the securities or other instruments in which the Sub-Fund invests will not be subject to credit difficulties leading to the loss of some or all of the sums invested in such securities or instruments or payments due on such securities or instruments. The performance of a sub-fund will therefore partly depend on the ability to anticipate and respond to market interest rate fluctuations, and to utilize appropriate strategies to maximize returns, whilst attempting to minimize credit and liquidity risks to investment capital. An issuer of an instrument may be unable to make interest payments or repay principal when due. Decrease in the financial strength of an issuer or decrease in the credit rating of a security may adversely affect its value. Fixed income securities are also exposed to the risk that their, or their issuers’, credit ratings may be downgraded, which can cause a significant drop in the value of such securities. The above features may adversely impact a sub-fund.
3. Currency Risk
Assets in the Sub-Fund may be denominated in a currency other than the base currency (i.e. USD) and any income or capital received by the Sub-Fund from these investments may be denominated in the local currency denomination of the relevant asset, whereas the Sub-Fund is denominated in the base currency. Further, a class of Shares may be designated in a currency other than the base currency of the Sub-Fund. Accordingly, (i) changes in the exchange rate between (a) the base currency and the currency denomination of the relevant asset and (b) the currency denomination of the relevant asset and the currency in which a class of Shares is denominated (i.e. share class currency) may lead to a depreciation of the value of certain assets of the Sub-Fund; and (ii) changes in the exchange rate between the base currency and (a) the share class currency and / or (b) the currency of denomination of the relevant asset may lead to a depreciation of the value of such Shares as expressed in the share class currency. It may not be possible or practical to hedge against such exchange rate risk. The Sub-Fund may enter into currency exchange transactions and/or use techniques and instruments to seek to protect against fluctuation in the relative value of its portfolio positions. Further, investors should note that all classes of Shares designated in a currency that is not the base currency are hedged classes (i.e. their exposure to the base currency is hedged) except where indicated in the name of the relevant class by use of the description “Unhedged”. These transactions limit any potential gain that might be realised should the value of the hedged currency increase. The successful execution of a hedged strategy which matches exactly the profile of the investments of the Sub-Fund cannot be assured. It may not be possible to hedge against generally anticipated exchange or interest rate fluctuations at a price sufficient to protect the assets from the anticipated decline in value of the portfolio positions as a result of such fluctuations. The abovementioned hedging transactions may become ineffective and the Sub-Fund may suffer a substantial loss.
4. Emerging Markets Risk
The Sub-Fund may invest in securities of companies in emerging markets which may involve a high degree of risk and may be considered speculative. Risks include but are not limited to the following: (i) greater risk of expropriation, confiscatory taxation, nationalization, privatization, corruption, organized crime and social and political and economic instability; (ii) the small current size of the markets for securities of emerging markets issuers and the currently low or non-existent volume of trading, resulting in lack of liquidity and in price volatility; (iii) certain national policies which may restrict the Sub-Fund’s investment opportunities including restrictions on investing in issuers or industries deemed sensitive to relevant national interests; (iv) uncertainties in international political developments, changes in government policies, changes in taxation, restrictions on foreign investment and currency repatriation, currency fluctuation and other developments in the laws and regulations of countries in which investments may be made; (v) it may not be possible for the Sub-Fund to repatriate capital, dividends, interest and other income from certain countries; (vi) lack of independence and effective government supervision of company registrars; (vii) the absence of developed legal structures governing private or foreign investment and private property; (viii) investment in illiquid, insufficiently liquid or highly volatile markets with less regulation than those in developed markets. The Sub-Fund’s NAV and your investment may be correspondingly impacted by any of the abovementioned risks and lead to losses.
5. Concentration Risk
Concentration risk may arise as the Sub-Fund focuses on investments in the securities of particular regions or asset class. Although the Sub-Fund’s portfolio will be well diversified in terms of the number of holdings, the Sub-Fund is likely to be more volatile than a more broadbased fund, as it is more susceptible to fluctuations in value resulting from adverse conditions in its particular focus region. In case of default or downgrading of an issuer to which the SubFund has significant exposure, the Sub-Fund may be subject to significant losses in its investments.
6. Derivatives Risk
The use of financial derivative instruments presents risks different from, and, possibly, greater than, the risks associated with investing directly in traditional securities. There can be no assurance that the use of hedging strategies and derivatives will fully and effectively eliminate the risk exposure of the Sub-Fund. The use of financial derivative instruments and currency hedging strategies may be ineffective and the Sub-Fund may suffer substantial losses.
7. Risks associated with charging of certain fees and expenses to capital
Payment of dividends effectively 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 payment of dividends effectively out of the Sub-Fund’s capital may result in an immediate reduction of the NAV per Share. The Fund may amend the policy with respect to payment of dividends out of capital of the Sub-Fund subject to the SFC’s prior approval and by giving not less than one month’s prior notice to investors.

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