Fact sheet: Nordea 1 RnmbHghYldBnd

Fund information

Fund name
Nordea 1 Renminbi High Yield Bond BP CNH
Fund company manager
Nordea
Fund type
SIB
Fund manager(s)
Raymond Gui
since 05/05/2015
James Hu
since 05/05/2015
Fund objective
The fund seeks to achieve attractive risk-adjusted return over a full credit cycle by primarily investing in CNH and USD denominated Asian High Yield bonds. The fund will actively hedge USD-denominated Asian High Yield bonds into Renminbi (CNH or CNY) to benefit from the forward carry. The investment team places a strong emphasis on downside protection while making sure it is able to capture most of the upside potential. The Fund will combine a top-down allocation strategy with an accurate bottom-up credit analysis.
Benchmark
No Specified Index
Investment style
High Yield
Investment method
Fixed Interest

Quick stats

1 Year return

7.76 %

1 Year rank in sector

-

Sector

FO Fixed Int - Other Single High Yield

Yield
-
Fund size

£ 170.1 m

FE Risk score

87

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • China
    43.54%
  • Hong Kong
    15.97%
  • Money Market
    8.99%
  • Indonesia
    6.86%
  • India
    5.74%
  • B
    46.53%
  • BB
    26.02%
  • Non-Rated
    12.22%
  • Money Market
    8.99%
  • A
    3.12%
  • Chinese Fixed Interest
    43.54%
  • Hong Kong Fixed Interest
    15.97%
  • Money Market
    8.99%
  • Indonesian Fixed Interest
    6.86%
  • Indian Fixed Interest
    5.74%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund0.6 %2.81 %7.76 %0 %0 %
Sector2.38 %5.08 %12.35 %24.47 %33.46 %
Rank within sector / / / / /
Quartile th th th th th th

Calendar performance

YTD-20182017201620152014
Fund0.58 %8.21 %8.25 %0 %0 %
Sector1.76 %12.81 %5.18 %2.79 %0.35 %
Rank within sector / / / / /
Quartile th th th th th th

Price movement

52 week high121.41
52 week low112.52
Current bid price0
Current offer price0
Current mid price121.41

Holdings by region

  • 43.54% China
  • 15.97% Hong Kong
  • 8.99% Money Market
  • 6.86% Indonesia
  • 5.74% India
  • 4.77% UK
  • 4.42% Australia
  • 1.95% Japan
  • 1.62% Sri Lanka
  • 1.57% Thailand

Holdings by sector

  • 46.53% B
  • 26.02% BB
  • 12.22% Non-Rated
  • 8.99% Money Market
  • 3.12% A
  • 3.12% BBB

Holdings by asset type

  • 43.54% Chinese Fixed Interest
  • 15.97% Hong Kong Fixed Interest
  • 8.99% Money Market
  • 6.86% Indonesian Fixed Interest
  • 5.74% Indian Fixed Interest
  • 4.77% UK Fixed Interest
  • 4.42% Australian Fixed Interest
  • 2.78% Asia Pacific Emerging Fixed Interest
  • 1.95% Japanese Fixed Interest
  • 1.57% Thai Fixed Interest

Individual holdings

  • 1.97% STUDIO CITY FINANCE LTD 8.5% BDS 01/12/20 USD1000 REG S
  • 1.95% SOFTBANK GROUP CORP 6.875% UNDATED NTS USD200000
  • 1.93% FANTASIA HOLDINGS GROUP CO LTD CALLABLE BOND FIXED
  • 1.89% ZHONGRONG INTL RESOURCES CO LTD 7.25% NTS 26/10/17 USD200000REG S
  • 1.8% GOLDEN EAGLE RETAIL GROUP 4.625% BDS 21/05/23 USD200000REG S
  • 1.76% WTT INVESTMENT LTD 5.5% NTS 21/11/22 USD200000
  • 1.74% LENOVO GROUP 5.375% BDS 16/03/27 USD200000REG S
  • 1.64% BAOXIN AUTO FINANCE I LTD 0% UNDATED BDS USD1
  • 1.62% HT GLOBAL IT SOLUTIONS HLDGS LTD 7% BDS 12/07/21 USD1000REG S
  • 1.6% OVPH LTD 5.875% UNDATED BDS USD200000