Fact sheet: Deutsche Invest I Chn Bonds

Fund information
Fund name
Deutsche Invest I China Bonds NC
Fund manager company
Deutsche Asset Management SA
Fund type
Offshore Fund
Fund manager
  • Thomas Kwansince 31/03/2012
Fund objective
Deutsche Invest I China Bonds offers investors the opportunity to participate in the performance of the Chinese Renminbi. In keeping with this orientation, the Fund’s currency positions are nearly all in Renminbi. Bond investments are made in Chinese issuers in Renminbi (or hedged in RMB) and in global issuers in RMB. The focus is on bonds with good to very good credit ratings.
Benchmark
  • No Specified Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
-1.1%
1 Year rank in sector
18/18
Sector
FO Fixed Int - Other Single Inv Grade
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.87%
Fund size
£458m (£1,039m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
73
Top in this sector
Fund name1 Year
Kotak India Fixed Income11.8%
Parvest Bond JPY4.2%
Aberdeen Global II Aus $ Bd2.8%
Swisscanto (LU) Bond AUD2.7%
UBS (L)Bd-AUD2.6%
...more in FO Fixed Int - Other Single Inv Grade

Performance snapshot

Holdings snapshot

  • China85.5%
    Money Market7.4%
    Hong Kong3.9%
    Switzerland1.8%
    Japan1%
  • BBB54%
    A16.1%
    BB12.4%
    B10.5%
    AA7%
  • Chinese Fixed Interest85.5%
    Money Market7.4%
    Hong Kong Fixed Interest3.9%
    Swiss Fixed Interest1.8%
    Japanese Fixed Interest1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.1%-0.7%1.6%-1.1%25.5%-
Sector-0.9%-1%-0.2%5.7%8.4%11%
Rank within sector3 / 184 / 183 / 1818 / 181 / 17-
Quartile1st1st1st4th1st
Calendar performance
 YTD - 20162015201420132012
Fund1.1%9.1%14.7%--
Sector5%0.3%3.5%0.8%0.7%
Rank within sector8 / 181 / 171 / 17--
Quartile2nd1st1st
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
11.03
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
-0.66
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.56
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
9.11
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
9.58
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
0.58
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.02
Price movement
52 week high129.1
52 week low120.3
Current bid price126.17
Current offer price128.09
Current mid price-
Region
1China85.5%
2Money Market7.4%
3Hong Kong3.9%
4Switzerland1.8%
5Japan1%
6Malaysia0.9%
7Singapore0.8%
8UK0.7%
9Australia0.5%
Industry sector
1BBB54%
2A16.1%
3BB12.4%
4B10.5%
5AA7%
Asset type
1Chinese Fixed Interest85.5%
2Money Market7.4%
3Hong Kong Fixed Interest3.9%
4Swiss Fixed Interest1.8%
5Japanese Fixed Interest1%
6Malaysian Fixed Interest0.9%
7Singapore Fixed Interest0.8%
8UK Fixed Interest0.7%
9Australian Fixed Interest0.5%
Individual holdings
1DEUTSCHE INVEST II CHINA HIGH INCOME BONDS USD 5.1%
2JINCHUAN GROUP LTD 4.75% BDS 17/07/17 CNY10000004.2%
3PANDA FUNDING INV 2013 3.95% BDS 17/12/16 CNY100004.1%
4DAWN VICTOR LTD 5.5% NTS 05/06/18 USD2000004%
5CHINA ELECTRONICS CORP HLDGS 4.7% BDS 16/01/17 CNY10000003.6%
6UNICAN 5.6%/14-1809173.4%
7MAIKUN INVESTMENT CO LTD 4.5% BDS 06/06/17 CNY10000003.3%
8FUQING INVESTMENT MGMT LTD 4.85% NTS 21/07/18 CNY10000003%
9START PLUS INVESTMENTS LTD 5.6% BDS 24/06/18 CNY100002.9%
Management
Fund manager group
DWS Investment
Fund manager company
Deutsche Asset Management SA
Fund type
Offshore Fund
Fund objective
Deutsche Invest I China Bonds offers investors the opportunity to participate in the performance of the Chinese Renminbi. In keeping with this orientation, the Fund’s currency positions are nearly all in Renminbi. Bond investments are made in Chinese issuers in Renminbi (or hedged in RMB) and in global issuers in RMB. The focus is on bonds with good to very good credit ratings.
Benchmark
  • No Specified Index
Investment style
None
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Thomas Kwan31/03/2012Mr. Kwan leads the investment management and research platform in HGI, including Fixed Income, Greater China Equity, Asian Equity, ETFs and asset allocation. Mr. Kwan has over 16 years’ investment management experience and prior to HGI, Mr. Kwan worked at Baring Asset Management in Hong Kong as Head of Asian Debt, Credit Suisse Asset Management in Singapore and Beijing as Director of Asian Fixed Income and Currency, Prudential Asset Management in Singapore as Investment Director and First State Investments in Hong Kong as Portfolio Manager. Mr. Kwan has an M.A. in Economics and B.Comm in Finance from the University of Toronto and is a CFA charter holder.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, Reporting Fund Status, UCITS V Compliant, MAS Unrestricted Scheme
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Denmark, Spain, Finland, France, United Kingdom, Italy, Luxembourg, Netherlands, Norway, Offshore, Portugal, Singapore, Sweden
Deutsche Invest I China Bonds FC RMB
Initial charge-
Annual charge0.6%
Min single investment£400,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.7%
Total expense ratio (TER)0.68%
Bid price117.21
Offer price117.21
Mid price-
CurrencyCNY
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF60Y
Deutsche Invest I China Bonds FC USD
Initial charge-
Annual charge0.6%
Min single investment£400,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.69%
Total expense ratio (TER)0.66%
Bid price115.13
Offer price115.13
Mid price-
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code08FO
Deutsche Invest I China Bonds FCH
Initial charge-
Annual charge0.6%
Min single investment£400,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.71%
Total expense ratio (TER)0.7%
Bid price112.1
Offer price112.1
Mid price-
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code08FP
Deutsche Invest I China Bonds FCH (P) USD
Initial charge-
Annual charge0.6%
Min single investment£400,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.07%
Bid price100.09
Offer price100.09
Mid price-
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE2BP
Deutsche Invest I China Bonds FCH CHF
Initial charge-
Annual charge0.6%
Min single investment£400,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.72%
Total expense ratio (TER)0.69%
Bid price103.25
Offer price103.25
Mid price-
CurrencyCHF
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF3YM
Deutsche Invest I China Bonds FCH SEK
Initial charge-
Annual charge0.6%
Min single investment£4,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.07%
Bid price962.47
Offer price962.47
Mid price-
CurrencySEK
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE2BN
Deutsche Invest I China Bonds FDH
Initial charge-
Annual charge0.6%
Min single investment£400,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.25%
Bid price98.18
Offer price98.18
Mid price-
CurrencyEUR
Price updated05/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFWVQ
Deutsche Invest I China Bonds ICH
Initial charge-
Annual charge-
Min single investment£25,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price94.93
Offer price94.93
Mid price-
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeC1ZA
Deutsche Invest I China Bonds IDH
Initial charge-
Annual charge0.4%
Min single investment£25,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.48%
Total expense ratio (TER)0.47%
Bid price90.9
Offer price90.9
Mid price-
CurrencyEUR
Price updated05/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFF6N
Deutsche Invest I China Bonds LC RMB
Initial charge3%
Annual charge1.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.21%
Total expense ratio (TER)1.17%
Bid price115.34
Offer price118.91
Mid price-
CurrencyCNY
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF60X
Deutsche Invest I China Bonds LC USD
Initial charge3%
Annual charge1.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.19%
Total expense ratio (TER)1.16%
Bid price112
Offer price115.47
Mid price-
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code08FN
Deutsche Invest I China Bonds LCH
Initial charge3%
Annual charge1.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.21%
Total expense ratio (TER)1.19%
Bid price109.05
Offer price112.42
Mid price-
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code08FQ
Deutsche Invest I China Bonds LCH (P) USD
Initial charge3%
Annual charge1.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price101.5
Offer price104.64
Mid price-
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE7HG
Deutsche Invest I China Bonds LCH CHF
Initial charge3%
Annual charge1.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.22%
Total expense ratio (TER)1.18%
Bid price101.26
Offer price104.39
Mid price-
CurrencyCHF
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF3YL
Deutsche Invest I China Bonds LCH SEK
Initial charge3%
Annual charge1.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.11%
Bid price957.47
Offer price987.08
Mid price-
CurrencySEK
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE2BO
Deutsche Invest I China Bonds LDH
Initial charge3%
Annual charge1.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.22%
Total expense ratio (TER)1.2%
Bid price97.1
Offer price100.1
Mid price-
CurrencyEUR
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF0BN
Deutsche Invest I China Bonds LDH (P) USD
Initial charge3%
Annual charge1.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.13%
Bid price98.95
Offer price102.01
Mid price-
CurrencyUSD
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE2BQ
Deutsche Invest I China Bonds LDMH
Initial charge3%
Annual charge1.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.11%
Bid price95.88
Offer price98.84
Mid price-
CurrencyUSD
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE2BR
Deutsche Invest I China Bonds NC
Initial charge1.5%
Annual charge1.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.87%
Total expense ratio (TER)1.61%
Bid price126.17
Offer price128.09
Mid price-
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFBAV
Deutsche Invest I China Bonds NCH
Initial charge1.5%
Annual charge1.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.61%
Total expense ratio (TER)1.59%
Bid price107.12
Offer price108.75
Mid price-
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF0BO
Deutsche Invest I China Bonds NDH
Initial charge1.5%
Annual charge1.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.46%
Total expense ratio (TER)1.59%
Bid price89.41
Offer price90.77
Mid price-
CurrencyEUR
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFGCN
Deutsche Invest I China Bonds PFCH
Initial charge-
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.47%
Total expense ratio (TER)2.1%
Bid price96.4
Offer price96.4
Mid price-
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFK4C
Deutsche Invest I China Bonds PFDQH
Initial charge-
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.5%
Total expense ratio (TER)2.19%
Bid price90.49
Offer price90.49
Mid price-
CurrencyEUR
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFK4D
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