Fact sheet: Rnmb Bd Opp Fl UI

Fund information
Fund name
Renminbi Bond Opportunities Flex UI R USD
Fund manager company
Universal Investment
Fund type
No data available.
Fund manager
  • Berenberg Bank (Schweiz) AGsince 18/01/2012
Fund objective
The Berenberg Renminbi Bond Opportunities UI fund is a broadly diversified bond fund participating in the development of Asian corporate bonds. The fund`s flexible investment policy enables it to acquire corporate bonds denominated in renminbi (CNH) as well as US dollar issued by companies domiciled in Asia (with the exception of Japan). Currently the fund does not invest in CNY bonds. At least 51% of the net assets will be invested into bonds. The fund's currency share of Renminbi can be managed actively through a currency overlay.
Benchmark
  • No Specified Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
2.9%
1 Year rank in sector
15/32
Sector
FO Fixed Int - Other Single Currency
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.
1.8%
Fund size
£43m (£63m 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.
66
Top in this sector
Fund name1 Year
HSBC GIF Brazil Bond61%
Aberdeen Gbl Brazil Bond53.9%
Baring China Bond20.3%
Aberdeen Gbl Indian Bond9.8%
Stratton Street RenminbiBd UI9.2%
...more in FO Fixed Int - Other Single Currency

Performance snapshot

Holdings snapshot

  • China33.7%
    Korea16.8%
    India15.5%
    Others14.6%
    Hong Kong9.7%
  • Corporate Bonds66.2%
    Financials37.6%
    Government Bonds10.4%
    Others0.8%
    Derivatives0.2%
  • Chinese Fixed Interest33.7%
    South Korean Fixed Interest16.8%
    Indian Fixed Interest15.5%
    Global Fixed Interest14.6%
    Hong Kong Fixed Interest9.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.1%1.3%2.4%2.9%3.5%-
Sector0%1.4%2.4%4.5%8.1%12.2%
Rank within sector15 / 3310 / 3310 / 3315 / 3217 / 25-
Quartile2nd2nd2nd2nd3rd
Calendar performance
 YTD - 20162015201420132012
Fund2.7%-2.5%1.3%2.6%-
Sector4%-0.9%4.2%-0.3%4.3%
Rank within sector17 / 3326 / 2918 / 265 / 24-
Quartile3rd4th3rd1st
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.
-1.19
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.
1.02
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%.
4.46
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.
4.09
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.
-0.3
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.
0.16
Price movement
52 week high115.82
52 week low110.01
Current bid price115.64
Current offer price119.11
Current mid price-
Region
1China33.69%
2Korea16.82%
3India15.5%
4Others14.62%
5Hong Kong9.73%
6Indonesia8.34%
7Money Market4.81%
8Singapore4.62%
9France4.2%
Industry sector
1Corporate Bonds66.16%
2Financials37.59%
3Government Bonds10.37%
4Others0.8%
5Derivatives0.17%
6Futures-0.06%
7Money Market-15.05%
Asset type
1Chinese Fixed Interest33.69%
2South Korean Fixed Interest16.82%
3Indian Fixed Interest15.5%
4Global Fixed Interest14.62%
5Hong Kong Fixed Interest9.73%
6Indonesian Fixed Interest8.34%
7Money Market4.81%
8Singapore Fixed Interest4.62%
9French Fixed Interest4.2%
Individual holdings
1ICICI BANK 4% BDS 24/11/17 CNY100004.98%
2CHINA UNICOM(HONG KONG)LTD 4% BDS 16/04/17 CNY10000004.43%
3SHINHAN BANK YC-MEDIUM-TERM NOTES 2015(18)4.35%
4MOON WISE GLOBAL 9% BDS 29/01/49 USD2000004.06%
521VIANET GROUP INC 6.875% BDS 26/06/17 CNY10000003.9%
6WHARF FINANCE [NO. 1] LTD. YC-MEDIUM-TERM NOTES 2012(18)3.58%
7AIR LIQUIDE FINANCE 3% BDS 19/09/16 CNY100003.56%
8EXPORT - IMPORT BANK KOREA 3.6% BDS 10/06/18 CNY10000003.26%
9DEBT & ASSET TRADING CORP 1% NTS 10/10/25 USD10002.91%
Management
Fund manager group
Universal Investment
Fund manager company
Universal Investment
Fund type
No data available.
Fund objective
The Berenberg Renminbi Bond Opportunities UI fund is a broadly diversified bond fund participating in the development of Asian corporate bonds. The fund`s flexible investment policy enables it to acquire corporate bonds denominated in renminbi (CNH) as well as US dollar issued by companies domiciled in Asia (with the exception of Japan). Currently the fund does not invest in CNY bonds. At least 51% of the net assets will be invested into bonds. The fund's currency share of Renminbi can be managed actively through a currency overlay.
Benchmark
  • No Specified Index
Investment style
None
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Berenberg Bank (Schweiz) AG18/01/2012
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Germany, United Kingdom, Luxembourg, Offshore
Renminbi Bond Opportunities Flex UI I USD
Initial charge-
Annual charge1%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.2%
Bid price98.34
Offer price98.34
Mid price-
CurrencyUSD
Price updated22/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFB9O
Renminbi Bond Opportunities Flex UI R Dis EUR
Initial charge3%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.75%
Bid price95.01
Offer price97.86
Mid price-
CurrencyEUR
Price updated22/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFNYF
Renminbi Bond Opportunities Flex UI R EUR
Initial charge3%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.8%
Total expense ratio (TER)1.73%
Bid price113.87
Offer price117.29
Mid price-
CurrencyEUR
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0P3H
Renminbi Bond Opportunities Flex UI R USD
Initial charge3%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.8%
Total expense ratio (TER)1.71%
Bid price115.64
Offer price119.11
Mid price-
CurrencyUSD
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0P3I
Data provided by

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