Fact sheet: Income Partners RMBInvtGrBd

Fund information
Fund name
Income Partners Renminbi Investment Grade Bond 2B CNH
Fund manager company
Income Partners Asset Mgt(HK)L
Fund type
Unit Trust
Fund managers
  • Raymond Guisince 15/12/2010
  • Raymond Guisince 23/02/2011
  • Raymond Guisince 07/04/2016
  • James Husince 07/04/2016
  • James Husince 05/01/2014
Fund objective
The Fund seeks to provide a long term return of capital growth and income in RMB by investing primarily in RMB-denominated investment grade rated (or implied investment grade rated) fixed income securities issued outside the People's Republic of China ("PRC"). The Fund is allowed to invest up to 30% in debt instruments that are not RMB-denominated or investment grade rated. All non-RMB exposures will be hedged back into RMB.
Benchmark
  • No Specified Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
3.5%
1 Year rank in sector
-
Sector
FO Fixed Int - Other Single Inv Grade
Yield
-
Fund size
£465m (£545m 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.
65
Top in this sector
Fund name1 Year
Kotak India Fixed Income9.4%
Aberdeen Global II Aus $ Bd6.1%
Swisscanto (LU) Bond AUD5.3%
Parvest Bond JPY4.8%
UBS (L)Bd-AUD4.7%
...more in FO Fixed Int - Other Single Inv Grade

Performance snapshot

Holdings snapshot

  • China59.3%
    Korea8.7%
    France6.5%
    UK4.7%
    Germany4.3%
  • Banks39.9%
    Others17.2%
    Chemicals7.1%
    Industrials5.1%
    Government Agency Bonds4.7%
  • Chinese Fixed Interest59.3%
    South Korean Fixed Interest8.7%
    French Fixed Interest6.5%
    UK Fixed Interest4.7%
    German Fixed Interest4.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.1%0.9%2.2%3.5%7.8%9.6%
Sector0%0.9%1.4%7.1%10.4%11.9%
Rank within sector------
Quartile
Calendar performance
 YTD - 20162015201420132012
Fund2.5%1.6%2.2%3.2%0.2%
Sector6.3%0.3%3.5%0.8%0.7%
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.
2.42
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.
0.06
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
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%.
1.62
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.
2.39
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.
-0.36
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.
0.01
Price movement
52 week high97
52 week low94.6
Current bid price-
Current offer price-
Current mid price96.6
Region
1China59.3%
2Korea8.7%
3France6.5%
4UK4.7%
5Germany4.3%
6Money Market4%
7Singapore3.3%
8Hong Kong2.4%
9International2.4%
Industry sector
1Banks39.9%
2Others17.2%
3Chemicals7.1%
4Industrials5.1%
5Government Agency Bonds4.7%
6Cyclical Consumer Goods4.3%
7Utilities4.3%
8Money Market4%
9Non-Cyclical Consumer Goods2.6%
Asset type
1Chinese Fixed Interest59.3%
2South Korean Fixed Interest8.7%
3French Fixed Interest6.5%
4UK Fixed Interest4.7%
5German Fixed Interest4.3%
6Money Market4%
7Singapore Fixed Interest3.3%
8Global Fixed Interest2.4%
9Hong Kong Fixed Interest2.4%
Individual holdings
1CHINA CONSTRUCTION BANK4.4%
2BSH HAUSGERATE GMBH4.3%
3SK GLOBAL CHEMICAL INVESTMENT HONG KONG LTD3.9%
4CHINA DEVELOPMENT BANK3.4%
5BOC AVIATION LTD3.3%
Management
Fund manager group
No data available.
Fund manager company
Income Partners Asset Mgt(HK)L
Fund type
Unit Trust
Fund objective
The Fund seeks to provide a long term return of capital growth and income in RMB by investing primarily in RMB-denominated investment grade rated (or implied investment grade rated) fixed income securities issued outside the People's Republic of China ("PRC"). The Fund is allowed to invest up to 30% in debt instruments that are not RMB-denominated or investment grade rated. All non-RMB exposures will be hedged back into RMB.
Benchmark
  • No Specified Index
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Raymond Gui15/12/2010Raymond 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.
Raymond Gui23/02/2011Raymond 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.
Raymond Gui07/04/2016Raymond 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.
James Hu07/04/2016James 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.
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.
Compliance
Reporting Fund Status, UCIS
Domicile
No data available.
Fund for sale in
Switzerland, Cayman Islands, United Kingdom, Hong Kong, Offshore, Singapore
Income Partners Renminbi Investment Grade Bond 1A USD
Initial charge3%
Annual charge0.75%
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 price110.38
CurrencyUSD
Price updated22/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0GAX
Income Partners Renminbi Investment Grade Bond 2A USD
Initial charge5%
Annual charge1%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price91.3
CurrencyUSD
Price updated22/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0GAZ
Income Partners Renminbi Investment Grade Bond 2B CNH
Initial charge5%
Annual charge1%
Min single investment£10,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price96.6
CurrencyCNH
Price updated22/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0GB0
Income Partners Renminbi Investment Grade Bond 2C HKD
Initial charge5%
Annual charge1%
Min single investment£10,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyHKD
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE2PT
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