★★★★Morningstar Overall Rating +
Short duration with comparatively lower interest risk
Average annualised dividend yield of USD class at around 6% I in the past 5 years
Awarded 43 fund awards since 2012II
+ ©2022 Morningstar. Data as of 31 March 2022. The rating is for Class A USD (Accumulating) and is for reference only and should not be construed as buy and sell recommendation of investment. Past performance: 2021: -8.6%; 2020: -0.4%; 2019: 10.0%; 2018: -2.4%; 2017: 8.2%; YTD (31 March 2022): -7.1%. Performance is calculated in Class A USD (Accumulating) of the Fund on a NAV to NAV basis. Gross income is re-invested.
I. Source: BEA Union Investment. The mentioned dividend yield is for Class A USD (Distributing), and is the sum of the monthly annualized dividend yield for the past 60 months, from March 2017 to February 2022 (60 dividends), divided by 60. Annualised dividend yield= (dividend of the current month x 12) / last month end NAV x 100%. Please refer to the dividend notice available on website for dividend composition information and details. Dividend only applies to distributing classes and is not guaranteed. Past dividend record is not indicative of future dividend likely to be achieved. Please note that a positive distribution yield does not imply a positive return. Investors should note that the distributions paid out of capital amount to a return or withdrawal of part of the unitholder’s original investment or from any capital gains attributable to that original investment. Such distribution may result in an immediate reduction of the net asset value per unit.
II. The Fund achieving awards from The Asset, AsianInvestor、BENCHMARK、Fund Selector Asia、Fundsupermart.com and Lipper.
Attractive bond valuation
Steady growth in Asia high yield bond market offers yield advantage and potential return compare with Europe and U.S. peers.
Relatively short duration
Asia high yield bonds with short duration might less sensitive to interest rate changes.
Wealth of investment opportunity in the region
Asia provides compelling return opportunities including the coal sector in India, the oil & gas and real estate sector in Indonesia and China market.
Source: BEA Union Investment, ICE Data Services, data as of 28 February 2022.Asian High Yield Corporate Bonds are represented by the BofA Merrill Lynch Asian Dollar High Yield Corporate Index; EMEA High Yield Corporate Bonds by BofA Merrill Lynch EMEA EM. High Yield Corporate Index; Latin American High Yield Corporate Bonds by BofA Merrill Lynch Latin American EM. High Yield Corporate Index; U.S. High Yield Corporate Bonds by BofA Merrill Lynch U.S. High Yield Corporate Index; China High Yield Corporate Bonds by the BofA Merrill Lynch Asian Dollar High Yield Corporate China Issuer Index.
As one of the pioneer fund amongst the Asia high yield bond peers, the investment team has proven track record since 2008.
Achieved an annualized return of 5.6%IIIsince launched 13 years ago.
Since 2017, the fund has distributed dividend every month (aim to provide monthly dividends, dividends are not guaranteed, and distributions may be paid out of income and/or capital) and provided the average annualised dividend yield of 6% I (USD class).
While focusing on Asia high yield bonds to generate alpha, the investment team also actively adjusts the allocation of investment grade bonds for risk diversification.
Source: BEA Union Investment, data as of 31 March 2022.
III. Source: Morningstar Asia, as of 31 March 2022. Annualized return since inception = (1 + cumulative performance) 1/year since inception - 1. Performance is calculated in the respective class of denominated currencies on a NAV to NAV basis. Gross income is re-invested. Class A USD (Accumulating) was launched on 28 August 2008.
Investments in the Fund are subject to investment risks, including the possible loss of the principal amount invested. For full details and risk factors of the Fund, please refer to the
Explanatory Memorandum of the Fund. Investors should also read the Explanatory Memorandum of the Fund for detailed information prior to any subscription. The information contained
herein is only a brief introduction to the Fund. Investors should be aware that the price of units may go down as well as up as the investments of the Fund are subject to market fluctuations
and to the risks inherent in all investments. Past performance is not indicative of future performance. The information contained in this document is based upon information which BEA
Union Investment Management Limited considers reliable and is provided on an “as is” basis. This document does not constitute an offer, recommendation or solicitation to buy or sell any
securities or financial instruments. The Fund has been authorised by the Securities and Futures Commission (“SFC”) in Hong Kong. SFC authorisation is not a recommendation or
endorsement of a scheme nor does it guarantee the commercial merits of a scheme or its performance. It does not mean the scheme is suitable for all investors nor is it an endorsement
of its suitability for any particular investor or class of investors. This website has not been reviewed by the SFC in Hong Kong.
Issuer: BEA Union Investment Management Limited
Maximum flexibility allowed in allocating assets among corporate bonds, government bonds, high yield bonds and investment grade bonds
Seeks regular interest income and exploits appreciation potential of Asian bonds
Award-winning fund : has won 44 fund awards since 2012^
Aims to provide a monthly dividend (Yields are not guaranteed, dividend may be paid out of capital)*
Click here to check more details on leaflet
^The Fund achieving awards from The Asset, AsianInvestor, BENCHMARK, Fund Selector Asia, Fundsupermart.com and Lipper.
*Dividend only applies to distributing classes and is not guaranteed. Past dividend record is not indicative of future dividend likely to be achieved. The manager may at its discretion make distributions from income and/or capital in respect of the distributing classes of the fund. Investors should note that the distributions paid out of capital amount to a return or withdrawal of part of the unitholder's original investment or from any capital gains attributable to that original investment. Such distribution may result in an immediate reduction of the net asset value per unit. Please note that a positive distribution yield does not imply a positive return. Investors should not make any investment decision solely based on the information above. You should read the relevant offering document (including the key facts statement) of the fund for further details including the risk factors.
*Registered with the Securities & Futures Commission under the Securities & Futures Ordinance of Hong Kong with registered office at 5/F, The Bank of East Asia Building, 10 Des Voeux Road Central, Hong Kong