Fact sheet: Invesco Renminbi Fxd Inc

Fund information
Fund name
Invesco Renminbi Fixed Income C Acc USD
Fund manager company
Invesco Management S.A.
Fund type
Offshore Fund
Fund managers
  • Chris Lausince 01/07/2015
  • Ken Husince 01/07/2015
Fund objective
The investment objective of the Fund is to achieve total return, comprised of current income and capital appreciation by investing at least 70% of its assets into Renminbi (RMB) denominated debt instruments and RMB denominated money market instruments and bank deposits. The term “Renminbi (RMB)” used herein refers to both offshore RMB (“CNH”) traded in Hong Kong and to onshore RMB (“CNY”) traded in Mainland China.
Benchmark
  • HSBC Offshore Renminbi Bond Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
5.2%
1 Year rank in sector
24/26
Sector
FO Fixed Int - Asia Pacific
Yield
5.9%
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.
1.03%
Fund size
£10m (£31m 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.
68
Top in this sector
Fund name1 Year
Aberdeen Gbl AsLCuShDuBd24.4%
LM WAAsnOpp15%
Eastspring Inv AnLlBd14.4%
Fidelity Asian Hi Yd14.3%
Threadneedle (L)FlexAsnBd14.1%
...more in FO Fixed Int - Asia Pacific

Performance snapshot

Holdings snapshot

  • China54%
    American Emerging Markets15.7%
    Hong Kong14.9%
    Cayman Islands4.7%
    Ireland4.6%
  • Corporate Bonds86.9%
    Government Bonds5.3%
    Preference Shares4.7%
    Money Market3.1%
  • Chinese Fixed Interest54%
    American Emerging Fixed Interest20.4%
    Hong Kong Fixed Interest14.9%
    Irish Fixed Interest4.6%
    Money Market3.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.1%2.3%4.1%5.2%2.3%-
Sector0.1%3.5%5.5%9.7%10.9%20.1%
Rank within sector18 / 2926 / 2923 / 2724 / 2620 / 23-
Quartile3rd4th4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund5.1%-4.6%-0.5%4.9%-
Sector8.5%-2%3.7%-3.3%11.1%
Rank within sector25 / 2718 / 2522 / 231 / 22-
Quartile4th3rd4th1st
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.
-2.47
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.
0.77
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%.
5.29
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.
4.22
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.
-0.82
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.
0.4
Price movement
52 week high10.89
52 week low10.09
Current bid price-
Current offer price-
Current mid price10.88
Region
1China54%
2American Emerging Markets15.7%
3Hong Kong14.9%
4Cayman Islands4.7%
5Ireland4.6%
6Money Market3.1%
7USA2.7%
8Australia1.5%
9Korea1.5%
Industry sector
1Corporate Bonds86.9%
2Government Bonds5.3%
3Preference Shares4.7%
4Money Market3.1%
Asset type
1Chinese Fixed Interest54%
2American Emerging Fixed Interest20.4%
3Hong Kong Fixed Interest14.9%
4Irish Fixed Interest4.6%
5Money Market3.1%
6US Fixed Interest2.7%
7Australian Fixed Interest1.5%
8South Korean Fixed Interest1.5%
9Global Fixed Interest-2.7%
Individual holdings
1361 DEGREES INTERNATIONAL LTD 7.25% BDS 03/06/21 USD2000006.5%
2INDUSTRIAL & COMMERCIAL BANK OF CHINA 6.000 DEC 29 496.3%
3BIOSTIME INTL HOLDINGS LIMITED 7.25% BDS 21/06/21 USD200000 REG S5.4%
4POWERLONG REAL ESTATE HOLDINGS 10.750 SEP 18 174.9%
5FANTASIA HOLDINGS GROUP CO LTD 9.5% BDS 04/05/19 CNY10000004.7%
6ROSY CAPITAL GLOBAL LTD 5.25% GTD NTS 30/07/18 CNY10000004.7%
7SHUI ON DEVELOPMENT 6.875 FEB 26 174.7%
8TIMES PROPERTY 10.375 JUL 16 174.7%
9TINGYI(CAYMAN ISLANDS)HLDG CORP 4.375% BDS 06/08/18 CNY100004.7%
Management
Fund manager group
No data available.
Fund manager company
Invesco Management S.A.
Fund type
Offshore Fund
Fund objective
The investment objective of the Fund is to achieve total return, comprised of current income and capital appreciation by investing at least 70% of its assets into Renminbi (RMB) denominated debt instruments and RMB denominated money market instruments and bank deposits. The term “Renminbi (RMB)” used herein refers to both offshore RMB (“CNH”) traded in Hong Kong and to onshore RMB (“CNY”) traded in Mainland China.
Benchmark
  • HSBC Offshore Renminbi Bond Index
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Chris Lau01/07/2015Chris Lau joined the Invesco Fixed Income's Global Liquidity team as a Senior Portfolio Manager in November 2013. His primary responsibility is to manage money market funds based in Hong Kong (HK). He also has regional responsibilities for the oversight of Invesco money market funds. Before joining Invesco, Chris was with Bosera Asset Management managing onshore and offshore RMB and Asian High Yield bond funds from April 2011. Prior to that, Chris was Head of fixed income at BOCI-Prudential Asset Management in HK, where he was managing Mandatory Provident Fund (MPF) bond funds, money market funds as well as other global and Asian fixed income portfolios. Chris earned a bachelor of Commerce degree from Monash University, Melbourne.
Ken Hu01/07/2015Ken Hu joined Invesco in April 2014 as CIO, Fixed Income, Asia Pacific. He acts as Fixed Income's senior investment professional overseeing fixed income investment products and processes. Ken has over 18 years of experience as an investment management professional. He joined Invesco from Bank of China Hong Kong (BOCHK) Asset Management, where he had served as chief investment officer for fixed income since January 2011. Prior to that he was chief investment officer for Bank of China Group Life Assurance, and director of fixed income for HSBC Private Bank. He also led the investment management activities for First State Investments and Income Partners Asset Management. Ken holds a Bachelor Degree in Business Administration from the University of Wisconsin-Madison, USA and a Master's Degree in Finance from the Hong Kong University of Science and Technology. Ken is also a CFA charter holder and a Certified Public Accountant.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Spain, Finland, France, United Kingdom, Italy, Luxembourg, Netherlands, Norway, Offshore, Portugal, Sweden
Invesco Renminbi Fixed Income A Acc USD
Initial charge5.26%
Annual charge1%
Min single investment£1,500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.48%
Total expense ratio (TER)1.47%
Bid price-
Offer price-
Mid price10.6741
CurrencyUSD
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG54B
Invesco Renminbi Fixed Income A Annual Dis EUR
Initial charge5.26%
Annual charge1%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.48%
Total expense ratio (TER)1.47%
Bid price-
Offer price-
Mid price10.865
CurrencyEUR
Price updated23/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeG54C
Invesco Renminbi Fixed Income C Acc USD
Initial charge5.26%
Annual charge0.6%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.03%
Total expense ratio (TER)1.02%
Bid price-
Offer price-
Mid price10.8803
CurrencyUSD
Price updated23/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeG54D
Invesco Renminbi Fixed Income E Acc EUR
Initial charge3.09%
Annual charge1.25%
Min single investment£500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.73%
Total expense ratio (TER)1.72%
Bid price-
Offer price-
Mid price11.7585
CurrencyEUR
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG54E
Invesco Renminbi Fixed Income R Acc USD
Initial charge-
Annual charge1%
Min single investment£1,500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.18%
Total expense ratio (TER)2.17%
Bid price-
Offer price-
Mid price10.3443
CurrencyUSD
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG54F
Data provided by

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