PineBridge India Equity Fund A USD

柏瑞印度股票基金 A類 美元

IE00B0JY6M65

Risk Rating: Level 6

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.

Non-dealing Hours

Dealing Information

Secure Transaction

Derivatives knowledge not required

HKD10,000.00Min. Subscription

1.30%

HKD10,000.00Min. Subscription

AUD / HKD / SGD / JPY / EUR / GBP / 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
+4.07%
3 mth
+1.90%
6 mth
+0.02%
1 yr
+5.00%
3 yr
+15.48%
5 yr
+26.05%

Analytical Figures (3 years)

Annualized Return
+4.91%
Annualized Volatility
+14.49%
Sharpe Ratio
+0.18

Fund Information

Fund Houses
Pinebridge Investment Asia Ltd – Global Fund
Launch Date
2005-09-11
Fund Manager
Elizabeth Soon
Manager Start Date
2011-07-31
Geographical Focus
India
Asset Class/ Sector
Equity - All cap
Risk Rating
Risk Level 6

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 2019-10-30)
USD 1,002,633,888.26
Management Fee
1.30%
Latest Dividend
N.A.

Sector Leaders

    No Funds

Dealing Information

Secure Transaction

Derivatives knowledge not required

HKD10,000.00Min. Subscription

1.30%

HKD10,000.00Min. Subscription

AUD / HKD / SGD / JPY / EUR / GBP / USD

HKD10,000.00Min. Subscription

HKD10,000.00

HKD10,000.00

Daily

16:30

-

Dividend Records

No Dividends

Investment Objective

The Sub-Fund seeks to provide long-term capital appreciation by investing in equity and equity-related securities of companies listed on stock exchanges in India or closely related to the economic development and growth of India.

Nature and Extent of Risks

Investment involves risks. Please refer to the offering document for details including the risk factors.
1.Equity risk
The value of equity and equity-related securities will be affected by economic, political, market, and issuer-specific changes, regardless of company specific performance. Different industries, financial markets, and securities can react differently to these changes. Moreover, such fluctuations of a Sub-Fund’s value are often worsened in the short-term.
2.Emerging markets risk
Investment in equity securities of companies in India which may be considered as a “emerging” or “developing” country or market involves a relatively higher degree of risk and may be considered speculative due to the absence of, amongst other things, developed legal structures governing private or foreign investments and private property, internationally comparable accounting, auditing and reporting standard and level of information transparency, significant adverse economic developments including substantial depreciation in currency exchange rates or unstable currency fluctuations.
The size and volume of trading of securities markets of “emerging” or “developing” market issuers are currently small and low or non-existent, which might result in price volatility and lack of liquidity.
3.Market volatility risk
All markets are subject to volatility based on prevailing economic conditions. Some of the markets or exchanges on which the Sub-Fund may invest may prove to be highly volatile from time to time.
4.Country concentration risk
The Sub-Fund concentrates its investments in equity and equity-related securities of companies related to the economic development and growth of India. A concentrated investment strategy may be subject to a greater degree of volatility and risk than a portfolio which is diversified across different geographic regions.
5.India exchange control risk
For efficiency of portfolio management, the Sub-Fund may invest through the Mauritian Subsidiary. The operation of the Mauritian Subsidiary’s bank account in India is subject to regulation by the Reserve Bank of India under India’s Foreign Exchange Regulations. The Indian sub-custodian also acts as the remitting banker and is authorized to convert currency and repatriate capital and income on behalf of the Mauritius Subsidiary. There can be no assurance that the Indian Government would not, in future, impose certain restrictions on foreign exchange.
6.Indian taxation regarding PineBridge Investments GF Mauritius Limited risk
The Sub-Fund may invest through a Mauritian subsidiary which was acquired by the Manager on behalf of the Fund as a wholly-owned subsidiary. This Mauritian subsidiary relies upon the provisions of the India/Mauritius Double Tax Avoidance Treaty to minimise, so far as possible, the taxation of the Mauritian subsidiary. There can be no assurance that the Treaty will continue to be in full force and effect and of benefit to the Mauritian subsidiary during the life of the Mauritian subsidiary, and the Sub-Fund may be subject to double taxation by India and Mauritius thereby reducing the return to investors.
On 10 May 2016, the governments of Mauritius and the Republic of India signed a protocol for amendment of the Treaty (“the Protocol”). Under the Protocol, taxation benefits previously available to the Mauritian subsidiary will be substantially reduced or fully eliminated with effect from 1 April 2017.
7.Financial derivative instruments risk
The leverage effect embedded in derivatives may result in substantial losses including and up to the total value of the assets of the Sub-Fund and the prices of derivatives can be highly volatile. The use of FDIs may expose the Sub-Fund to various types of risk, including but not limited to, counterparty, liquidity, correlation, credit, volatility, valuation and settlement risks which can have an adverse effect on the net asset value of the Sub-Fund.
8.Distributions risk
Dividends, if any, may be paid out of the capital of the Sub-Fund. Where the Manager determines in its discretion to pay distributions in respect of the Sub-Fund, investor should note that such distributions amount to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment.
Such distributions may result in an immediate decrease in the Net Asset Value of the Sub-Fund.
9.Investment loss risk
The instruments invested by the Sub-Fund may fall in value and therefore your investment in the Sub-Fund may suffer losses.
The value of the Sub-fund may be adversely affected by developments in political, economical and social conditions and policies of the markets in which it invests which may result in losses to your investment.

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