Fact sheet: Income Partners RMBHiYldBd

Fund information
Fund name
Income Partners Renminbi High Yield Bond 2B Acc CNH
Fund manager company
Income Partners Asset Mgt(HK)L
Fund type
Unit Trust
Fund managers
  • James Husince 05/01/2014
  • Raymond Guisince 27/07/2011
Fund objective
The Income Partners Renminbi High Yield Bond Fund (the "Fund") seeks to maximise investment returns and income by investing primarily in Asian high yield bonds with a geographical focus on Greater China, other Asian countries and non-Asian OECD countries. This strategy uses a primarily long-only approach and intends to maintain a high level of diversity across industries, countries and issuers.
Benchmark
No data available.
Investment style
High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
12.6%
1 Year rank in sector
-
Sector
FO Fixed Int - Other Single High Yield
Yield
-
Fund size
£1,035m (£1,035m 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.
70
Top in this sector
Fund name1 Year
Income Partners RMBHiYldBd12.6%
Nordea 1 RnmbHghYldBnd11.3%
...more in FO Fixed Int - Other Single High Yield

Performance snapshot

Holdings snapshot

  • China53.1%
    India12.3%
    Indonesia11%
    Hong Kong10.7%
    Money Market4.6%
  • Real Estate29.4%
    Banks22%
    Industrials7%
    Telecommunications5.2%
    Money Market4.6%
  • No data available.

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0%3.4%7.8%12.6%27.8%51.7%
Sector-0.1%2.7%5.5%8%13.7%-
Rank within sector------
Quartile
Calendar performance
 YTD - 20162015201420132012
Fund9.4%5.3%7.9%5.4%17.4%
Sector6.9%2.8%0.3%7.1%-
Rank within sector-----
Quartile
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.
5.08
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.
0.74
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.
1.55
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%.
3.47
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.
2.55
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.
1.48
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.
0.52
Price movement
52 week high147.02
52 week low129.36
Current bid price-
Current offer price-
Current mid price147.02
Region
1China53.1%
2India12.3%
3Indonesia11%
4Hong Kong10.7%
5Money Market4.6%
6Sri Lanka2.6%
7Korea1.5%
8UK1.4%
9Japan0.7%
Industry sector
1Real Estate29.4%
2Banks22%
3Industrials7%
4Telecommunications5.2%
5Money Market4.6%
6Technology4.6%
7Non-Cyclical Consumer Goods4%
8Retail3.9%
9Building Materials & Merchants3.5%
Asset type
No data available.
Individual holdings
1YUZHOU PROPERTIES CO LTD2.6%
2HUARONG FINANCE II CO LTD2.3%
3SHIMAO PROPERTY HOLDINGS LTD2.3%
4CHINA AOYUAN PROPERTY GROUP LTD2.2%
5COUNTRY GARDEN HOLDINGS CO LTD2.2%
6LONGFOR PROPERTIES CO LTD2.2%
7KWG PROPERTY HOLDING LTD2.1%
8BANK OF CHINA LTD2%
9GCX LTD2%
Management
Fund manager group
No data available.
Fund manager company
Income Partners Asset Mgt(HK)L
Fund type
Unit Trust
Fund objective
The Income Partners Renminbi High Yield Bond Fund (the "Fund") seeks to maximise investment returns and income by investing primarily in Asian high yield bonds with a geographical focus on Greater China, other Asian countries and non-Asian OECD countries. This strategy uses a primarily long-only approach and intends to maintain a high level of diversity across industries, countries and issuers.
Benchmark
No data available.
Investment style
High Yield
Investment method
Fixed Interest
Fund managers
NameSinceBiography
James Hu05/01/2014James Hu joined Income Partners investment team in early 2014 as Portfolio Manager. His work concentrates on mainly onshore RMB (“CNY”)/ offshore RMB (“CNH”) related investment, including portfolio management of the newly launched RQFII, offshore CNH Investment Grade bond strategy, and CNY rates derivatives trading. James role is to closely monitor China's macro-economic trend as well as Central Bank policies and decisions. He formulates trading ideas based on comprehensive analysis of liquidity, demand-supply, credit and rates movement. James holds a PhD degree in statistics from Yale University (2010) and a Bachelor of Science degree in mathematics from Hong Kong University of Science and Technology (2004). He speaks Mandarin, English and Cantonese, and enjoys traveling, hiking and bossa nova music during his leisure time.
Raymond Gui27/07/2011Raymond Gui is Income Partner’s lead portfolio manager for Renminbi (RMB) denominated investment funds, and is a key member of the firm’s Investment Committee. He is also an active contributor to Asian credit and global macro views. Since joining Income Partners, Raymond has been instrumental in the firm’s early-entry initiatives in the offshore RMB fixed income market. A dedicated investment specialist covering the Chinese fixed income markets and a true follower of Income Partners’ philosophies of aligning internal and external interests, he has demonstrated his talent and knowledge by launching a first-to-market pure Investment grade RMB product followed by a high yield RMB product, and proactively set-up a ‘reverse enquiry model’ in order to help expand the offshore China primary bond issuers market. Raymond holds an MBA from the Chinese University of Hong Kong and has been a CFA charter-holder since 2005. He joined the International MBA Exchange Program (2005) at the Graduate School of Business, University of Chicago, and also holds a Masters and Bachelor degree in Finance from China’s top ‘Ivy League’ school, the Tsinghua University.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
Switzerland, Cayman Islands, United Kingdom, Hong Kong, Offshore, Singapore
Income Partners Renminbi High Yield Bond 1A USD
Initial charge3%
Annual charge1%
Min single investment£10,000,000
Min regular saving£500,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price116.78
CurrencyUSD
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0GB1
Income Partners Renminbi High Yield Bond 1B CNH
Initial charge3%
Annual charge1%
Min single investment£50,000,000
Min regular saving£2,500,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price117.38
CurrencyCNH
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0GB2
Income Partners Renminbi High Yield Bond 2A Acc USD
Initial charge5%
Annual charge1.5%
Min single investment£100,000
Min regular saving£2,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price141.62
CurrencyUSD
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0GB4
Income Partners Renminbi High Yield Bond 2A Inc USD
Initial charge5%
Annual charge1.5%
Min single investment£100,000
Min regular saving£2,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price95.03
CurrencyUSD
Price updated26/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi code0GB3
Income Partners Renminbi High Yield Bond 2B Acc CNH
Initial charge5%
Annual charge1.5%
Min single investment£1,000,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price147.02
CurrencyCNH
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0GB6
Income Partners Renminbi High Yield Bond 2B Inc CNH
Initial charge5%
Annual charge1.5%
Min single investment£1,000,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price105.46
CurrencyCNH
Price updated26/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi code0GB5
Income Partners Renminbi High Yield Bond 2C Inc USD
Initial charge5%
Annual charge1.5%
Min single investment£100,000
Min regular saving£2,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price100.84
CurrencyUSD
Price updated26/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi code0GB7
Income Partners Renminbi High Yield Bond 2E Acc AUD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyAUD
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeNEMO
Income Partners Renminbi High Yield Bond 2E Inc AUD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyAUD
Price updated01/01/1900
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeNEMN
Income Partners Renminbi High Yield Bond 2F Acc AUD
Initial charge5%
Annual charge1.5%
Min single investment£100,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price108.3
CurrencyAUD
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeN47I
Income Partners Renminbi High Yield Bond 2F Inc AUD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyAUD
Price updated01/01/1900
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeNEMP
Income Partners Renminbi High Yield Bond 2G Acc USD
Initial charge5%
Annual charge1.5%
Min single investment£100,000
Min regular saving£2,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price108.85
CurrencyUSD
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeN47J
Income Partners Renminbi High Yield Bond 2G Inc USD
Initial charge5%
Annual charge1.5%
Min single investment£100,000
Min regular saving£2,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price100.61
CurrencyUSD
Price updated26/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeN47K
Data provided by

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